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The HarbourVest Boston Team

Ruyin Liao

Vice President

Boston

About Ruyin

Ruyin Liao joined HarbourVest in 2018 and focuses on sourcing, reviewing, executing, and monitoring direct co-investments.

Ruyin joined the Firm from Nomura Securities, where she was most recently an investment banking associate in the Real Estate, Gaming, Lodging, and Leisure Group focusing on mergers and acquisitions and debt financings for hospitality clients.

Ruyin received a BS in Commerce with concentrations in Finance and Marketing and qualification in Business Analytics from the McIntire School of Commerce at the University of Virginia. She speaks fluent Mandarin.

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”).