HarbourVest Partners Closes Direct Co-Investment Fund Above Target
14 November 2019
Boston, MA – November 14, 2019 – HarbourVest Partners, a global private markets asset manager, today announced the final close of its fifth co-investment fund at its hard cap of $3.0 billion. HarbourVest Partners Co-Investment Fund V, which had an original target of $2.5 billion, was oversubscribed.
“HarbourVest’s direct co-investment program has established itself as a leader within the private equity space,” said Peter Wilson, Managing Director, HarbourVest Partners. “Our longstanding relationships with proven managers have created access to compelling investment opportunities in partnership with some of the best sponsors in the industry.”
The fund’s strategy is to create a global, diversified portfolio of direct co-investments in buyout, growth equity, and other private markets transactions alongside top-tier private markets managers.
“HarbourVest’s co-investment program continues to expand due to the strength of our track record and our differentiated sourcing capabilities,” said Corentin du Roy, Managing Director, HarbourVest Partners. “The depth of our relationships with private equity managers across the globe combined with our execution capabilities to deliver co-investment solutions throughout the capital structure have been key to the growth and success of our co-investment program.”
HarbourVest Partners Co-Investment Fund V has more than 100 investors from across a range of geographies including Asia Pacific, Europe, Middle East, North America, and South America. It includes institutional clients such as private and public pensions, corporations, foundations, and family offices, as well as clients through wealth management platforms.
HarbourVest is an independent, global private markets investment specialist with over 35 years of experience and more than $63 billion in assets under management, as of September 30, 2019. The Firm’s powerful global platform offers clients investment opportunities through primary fund investments, secondary investments, and direct co-investments in commingled funds or separately managed accounts. HarbourVest has more than 500 employees, including more than 125 investment professionals across Asia, Europe, and the Americas. This global team has committed more than $39 billion to newly-formed funds, completed over $22 billion in secondary purchases, and invested over $14 billion directly in operating companies. Partnering with HarbourVest, clients have access to customized solutions, longstanding relationships, actionable insights, and proven results.