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 billion, including the General Partner commitment.
“The US remains the most developed and proven market for private equity investing and one where we see a large and growing opportunity set,” said Ryan Gunther, Managing Director, HarbourVest Partners. “Our ability to provide a diversified, comprehensive solution to help investors meet their return objectives resulted in strong demand for our flagship US fund.”
Fund XII provides investors with access to high-quality buyout, micro buyout, venture capital, and growth equity investments predominantly in the US through primary partnership investments and is complemented by secondary and direct co-investments. The program aims to provide investors with compelling returns, while reducing risk through diversification.
“In today’s market environment, strategically navigating economic turbulence and an evolving investment landscape is critical for success,” said Amanda Outerbridge, Managing Director, HarbourVest Partners. “Through our decades of experience and long-standing relationships, we are able to identify key areas of innovation and growth, and can provide investors with access to leading managers who are positioned to outperform across economic cycles.”
The fund was supported by over 78 limited partners from four continents, including public and private pension funds, insurance companies, endowments, family offices, and ultra-high net worth investors.
HarbourVest is an independent, global private markets firm with 40 years of experience and more than $100 billion of assets under management as of June 30, 2022. Our interwoven platform provides clients access to global primary funds, secondary transactions, direct co-investments, real assets and infrastructure, and private credit. Our strengths extend across strategies, enabled by our team of more than 1,000 employees, including more than 190 investment professionals across Asia, Europe, and the Americas. Across our private markets platform, our team has committed more than $52 billion to newly-formed funds, completed over $43 billion in secondary purchases, and invested over $31 billion in directly operating companies. We partner strategically and plan our offerings innovatively to provide our clients with access, insight, and global opportunities.
Nothing herein should be construed as a solicitation, offer, recommendation, representation of suitability, legal advice, tax advice, or endorsement of any security or investment and should not be relied upon by you in evaluating the merits of investing in HarbourVest funds or in any other investment decision. Information about the fund is not representative of any other HarbourVest fund or investment product.