Four decades of helping investors navigate global private markets to meet their investment objectives BOSTON, May 16, 2022 – HarbourVest Partners, the global private markets investment specialist, announced today its 40th anniversary. Founded in 1982 by Brooks Zug and Ed Kane, HarbourVest has a long track record of success. Across its private markets platform, HarbourVest … Read more
BOSTON — HarbourVest Partners, a global private markets investment specialist, today announced the final close of its HIPEP IX Fund at over $1.6 billion in commitments. The Fund closed above the target size of $1.25 billion. HIPEP IX provides investors with access to leading private equity managers and investments in Europe and Asia Pacific, the two … Read more
March 1, 2022 – HarbourVest Partners, a global private markets asset manager, today announced its 2022 promotions, including six new Managing Directors; as well as eight new Principals and five 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 … Read more
BOSTON – HarbourVest Partners, a global private markets asset manager, today announced the hiring of Bryce Klempner as a managing director. Klempner will be a member of the firm’s investment solutions and strategy teams focusing on new product innovation and strategic growth. “We are pleased to welcome Bryce to HarbourVest,” said John Toomey, Managing Director, … Read more
BOSTON — HarbourVest Partners, a global private markets asset manager, today announced that Cicely Yanxia Sun has joined the firm as a managing director and co-head of the firm’s Beijing office. Ms. Sun will be responsible for enhancing and building relationships with institutional investors in China. “HarbourVest established our office in Beijing nearly 10 years … Read more
HarbourVest survey results find ESG and sustainability themes are gaining momentum in private market investing BOSTON – In a survey of global LPs by HarbourVest Partners, a global private markets asset manager, nearly three in four respondents (72 percent) said they planned to increase their allocation targets to sustainability and impact investing within the next … Read more
HarbourVest Direct Lending Fund closes oversubscribed and above target at over $892 million BOSTON – HarbourVest Partners, a global private markets asset manager, today announced the final close of its HarbourVest Direct Lending Fund (HDL) at over $892 million in limited partner commitments, including the General Partner commitment. The Fund was oversubscribed and closed above the … Read more
Expands presence with third European location London – HarbourVest Partners, a global, independent private markets asset manager with $76 billion in AUM, today announced the opening of its office in Frankfurt, Germany to address increased demand from institutional and private wealth clients for innovative and broad ranging investment solutions. Frankfurt is the second international expansion for … Read more
Expanding its Presence in Asia Pacific BOSTON and SINGAPORE – HarbourVest Partners, a global private markets asset manager, today announced the opening of its newest office in Singapore and the expansion of its investment team in Hong Kong. The new Singapore office expands the firm’s global footprint to eleven locations including Beijing, Bogota, Boston, Dublin, Hong Kong, London, Seoul, Tel Aviv, Tokyo … Read more
Credit Opportunities Fund II closes oversubscribed and above target at $833 million BOSTON – HarbourVest Partners, a global private markets asset manager, today announced the final close of its Credit Opportunities Fund II (COF II) at $833 million, including the General Partner commitment. The Fund was oversubscribed and closed above the target size of $600 million. The … 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”).