The HarbourVest Boston Team

Michael Pekkarinen

Senior Vice President, Head of Business Resilience


About Michael

Mike Pekkarinen joined HarbourVest in 2020 with primary responsibility for overseeing business resilience at HarbourVest.

In this capacity, Mike is responsible for workforce strategy, the Firm’s work environment, and operational business continuity. Mike joined the Firm from Aon where he was an Associate Partner. As a senior leader he focused on HR and compensation consulting services to all forms of asset management businesses such as banks, insurance companies, in-house managers, private equity firms, and hedge funds. Prior to that, he was Head of Compensation at Fidelity Investments where he led the enterprise function responsible for design, governance, and delivery of compensation programs, encompassing over 40,000 employees globally.

Mike holds an MBA from Northern Illinois University and received a BS from Boston College.

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”).