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The HarbourVest Boston Team

Mary Traer, CPA

Managing Director & Chief Administrative Officer

Boston

About Mary

Mary Traer joined HarbourVest in 1997 as the Director of Taxation, and in 2009, she became the Firm’s Chief Administrative Officer. As the CAO, Mary oversees the tax team, solutions and deal structuring, and office services. In this role, Mary works closely with colleagues to structure fund offerings and underlying investments in an appropriate manner, taking into account the legal, regulatory, and tax regimes applicable to the HarbourVest funds and their stakeholders. She also supports a variety of cross-functional operations and firm initiatives.

Mary joined HarbourVest after five years with Ernst & Young LLP (New York), where she was a tax-consulting manager in the Financial Services Group. Her responsibilities there included tax structuring and compliance for various types of US and Non-US financial services entities. Her prior experience also includes a position with the University of Virginia Treasurer’s Office, where she was responsible for investment reporting.

Mary received a Bachelor’s degree in Economics in 1989 and a Master’s degree in Accounting in 1993, both from the University of Virginia.

Continuation solutions encompass a host of transaction types in which a GP secures interim liquidity and/or additional primary capital for their LPs in a strongly performing asset, or set of assets, that the GP will continue to own and control. Specifically, they include continuation funds, new funds created by GPs for the purpose of acquiring the asset(s) that continue to be managed by the same GP and capitalized by one or several secondary buyers, or equity recapitalizations involving a direct equity or structured equity investment into a portfolio company. These transactions can also include a parallel investment from the GP’s latest fund into that same pool of assets (a “cross-fund trade”).