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Vanguard to Broaden Private Equity Access to Qualified Individual Investors

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VALLEY FORGE, PA (May 19, 2021) — Vanguard today announced plans to broaden access to private equity. Vanguard entered the private equity market in 2020 with an initial focus on institutional advised clients, including pensions, endowments, and foundations. In continued partnership with HarbourVest, Vanguard will provide qualified individual investors with access to private equity this summer. “Private equity has the potential to improve … Read more

HarbourVest Partners Appoints Matt HoganBruen as Managing Director

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BOSTON — HarbourVest Partners, a global private markets asset manager, today announced the hiring of Matt HoganBruen as a managing director and portfolio specialist focused on custom solutions and separate accounts. “HarbourVest has been creating customized solutions and flexible separate accounts to address the needs of our clients for more than three decades,” said John … Read more

HarbourVest Announces Final Close of Real Assets Fund IV

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BOSTON – HarbourVest Partners, a global private markets asset manager, today announced the final close of Real Assets Fund IV (the “Fund”), its latest infrastructure and real assets fund. The Fund closed in late December at $456 million and included commitments from a number of limited partners. “This latest dedicated pool of capital further enhances HarbourVest’s position … 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”).