The HarbourVest Boston Team

William Macaulay, CPA

Director of Finance, HVPE


About William

Billy Macaulay joined HarbourVest in 2008 and focuses on the activities of HarbourVest Global Private Equity Limited (HVPE), a closed-end investment company that invests in and alongside HarbourVest-managed funds. Billy analyzes and monitors investments and cash flows, and provides operations and communications support.

He joined the Firm after five years with PricewaterhouseCoopers, where he most recently served as a senior associate in the Boston-based transaction services group.  His experience also includes working as an auditor in PricewaterhouseCoopers’ financial services group in Dallas.

Billy received a BBA in Accounting and an MS in Finance from Texas A&M University in 2003.

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”).