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Inaugural DEI Report

October 6, 2022
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We have long believed that diverse perspectives are essential to improving outcomes for our clients, our employees, and our global community. HarbourVest’s inaugural DEI Report honors a commitment to diversity, equity, and inclusion that stretches all the way back to our founding in 1982. These values continue to shape the work being done to strengthen our position as an industry leader in the DEI space, they are core to who we are and at the heart of who we hope to be.

This report introduces HarbourVest’s first ever Chief Diversity, Equity, and Inclusion Officer, Kelley King, and the firm’s six strategic pillars of DEI. We highlight our efforts to provide transparency and accountability around our hiring practices, talent development, and employee retention. We also outline our multi-pronged approach to developing a team that is representative of our global standing, strengthening the communities where we live and work through charitable and volunteer programs, and providing ongoing support to emerging and diverse managers.

Click here to read more about our commitment to diversity, equity, and inclusion.

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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”).