HarbourVest Partners Appoints John Toomey as CEO; Co-CEO Peter Wilson to Retire in 2025

Boston, MA – May 10, 2024 – HarbourVest Partners, a global private markets asset manager, today announced the firm has appointed John Toomey as Chief Executive Officer (CEO) effective October 1, 2024. John Toomey and Pete Wilson have been part of the firm’s Executive Management Committee (EMC), which collectively serves as CEO, for more than … Read more

HarbourVest Partners Expands Senior Team with Promotions to Managing Director, Principal, and Senior Vice President 

Boston, MA – March 5, 2024 – HarbourVest Partners, a global private markets asset manager, today announced its 2024 promotions, including five new Managing Directors, ten new Principals, and three Senior Vice Presidents. These promotions recognize team members whose expertise contributes to the success of HarbourVest and its clients across the Americas, Europe, and Asia Pacific.  … Read more

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”).