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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

HarbourVest Partners Appoints Charlie Teeple as a Managing Director

Boston, MA – HarbourVest Partners, the global private markets investment specialist, today announced the appointment of Charlie Teeple as a Managing Director. In this role, he will be responsible for all aspects of credit specific operational functions and work closely with the credit leadership as the business continues to grow. “We are excited to welcome … Read more

HarbourVest and AP7 Partner to Launch New Private Equity Open-Ended Solution

London, UK – HarbourVest Partners, a global private markets investment specialist, today announced its partnership with AP7, a Swedish government pension fund, as a founder investor in a new private equity strategy. The $835 million USD anchor investment was made in January 2023 in a new open-ended evergreen private equity solution designed for non-US institutional … Read more

HarbourVest Partners appoints Peter Mahoney as a Managing Director

Boston, MA – HarbourVest Partners, the global private markets investment specialist, today announced the appointment of Peter Mahoney as a managing director and Head of Fund Accounting. In this role, Mahoney will be responsible for leading the firm’s fund and investment accounting operations, in addition to leading the Firm’s Valuation, and Audit Committees. “We are excited … Read more

HarbourVest Partners appoints Javier Rodriguez as a Managing Director

BOSTON – HarbourVest Partners, the global private markets investment specialist, today announced the appointment of Javier Rodriguez as a managing director and Head of Client Operations. In this newly created role, Rodriguez will oversee the cross-functional integration of the Firm’s Client Experience, Investment Accounting, Treasury, Portfolio Analytics, and Performance Measurement teams. “We are excited to … Read more

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

Boston, MA – March 6, 2023 – HarbourVest Partners, a global private markets asset manager, today announced its 2023 promotions, including nine new Managing Directors, seven 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

HarbourVest Partners Closes Sixth Direct Co-Investment Fund at $4.2 billion

Fund seeks to provide access to a global, diversified portfolio of direct co-investments in buyout, growth equity, and other private markets transactions. BOSTON-HarbourVest Partners, a global private markets investment specialist, today announced the final close of its sixth co-investment fund, HarbourVest Partners Co-Investment Fund VI, which closed above its $3.5 billion target at $4.2 billion, including … Read more

HarbourVest Partners closes Fund XII over $3.0 billion exceeding target

Fund XII provides access to high-quality buyout, micro buyout, venture capital, and growth equity investments primarily in the United States Boston, MA – HarbourVest Partners, a global private markets investment specialist, today announced the final close of its twelfth flagship US fund, HarbourVest Fund XII, which closed above its $2.0 billion target at over $3.0 … Read more

HarbourVest Opens Sydney Office Expanding Global Presence to Australia

Boston – HarbourVest Partners, a global private markets investment specialist with over $100 billion in AUM, today announced the opening of its office in Sydney, Australia. The new office comes as a response to the firm’s success in the region as institutional and private wealth clients in Australia and New Zealand increased their demand for … 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”).