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 the General Partner commitment.
“The continuation of our flagship co-investment program enables us to remain the partner of choice for GPs on a global level,” said Craig MacDonald, Managing Director, HarbourVest Partners. “In addition to being a provider of capital at scale, we continue to provide general partners with solutions that provide an access point for investors to gain exposure to market leading, private equity backed companies across industries and geographies.”
The fund seeks to provide investors access to a global, diversified portfolio of direct co-investments in buyout, growth equity, and other private markets transactions alongside top-tier private markets managers. Investments will be made in companies located primarily in North America, Europe, Asia Pacific, and select emerging markets.
“Our four decades of experience have shown that macro dislocations often present an opportune time to deploy capital in private markets, and the current volatile environment provides another chance to source and invest in compelling opportunities,” said Ian Lane, Managing Director, HarbourVest Partners. “The current co-investment market demands a dedicated focus with expertise providing solutions to general partners as they pursue fast moving, complex transactions. We are proud of the team and infrastructure we have built to support private equity managers globally in their most challenging and sensitive investment opportunities.”
HarbourVest Partners Co-Investment Fund VI was supported by more than 115 global investors, including institutional clients such as private and public pensions, corporations, endowments, foundations, and family offices, as well as high net worth clients.
HarbourVest is an independent, global private markets firm with 40 years of experience and more than $101 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.