Annual ESG Report

October 6, 2022

Global challenges are unfolding at a breakneck pace, underscoring for HarbourVest the urgency to catalyze transformative change and build a more sustainable future for our investors and the communities in which we live. As we see ESG and impact investing become an increasingly important consideration for value creation—both in terms of assessing opportunities and evaluating the evolving risks—we are pleased to share our latest ESG Report.

This year’s report highlights the firm’s ongoing ESG, sustainability, and impact-focused efforts, including our second TCFD climate progress report and the tools we provide our partners—including our proprietary ESG Scorecard—to integrate ESG best practices into their businesses. We explore the current state of play for ESG and the growing demand for targeted investment solutions, examine energy transition strategies and the crucial data being developed to support these initiatives, and scrutinize the fundraising challenges diverse and emerging managers often face.

Click here to read more about the important work we are doing for our investors, for our communities, and for our planet.

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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”).