HarbourVest Receives AIFM Authorisation
23 May 2014
HarbourVest, a leading private markets investment firm, today announces that HarbourVest Partners (Europe) Limited has been authorised by the UK’s Financial Conduct Authority (FCA) as an Alternative Investment Fund Manager (AIFM).
The Alternative Investment Fund Manager Directive (AIFMD) entered into force on 22 July 2013 and covers the management, administration and marketing of alternative investment funds within the European Economic Area. The regulations impose conduct and prudential requirements on the investment managers of such funds.
George Anson, Managing Director at HarbourVest, said: “We are proud to be one of the first global private equity firms to obtain AIFM authorisation. HarbourVest has a long-standing commitment to Europe, as we opened our first European office in 1990. We look forward to helping our European clients continue to build global market portfolios and access the best investments from around the world.”
Olav König, Managing Director and Head of Sales and Client Service for Europe, the Middle East, and Africa, at HarbourVest, said: “HarbourVest is in the market with funds that are AIFMD-compliant, and our future fundraisings for EEA investors will be AIFMD-compliant. These changes are in line with our culture of strong governance, and we are pleased to be at the forefront of conforming with the new regulations.”
HarbourVest Partners, LLC is an independent private markets specialist, providing investment programs and customized solutions focused on venture capital, buyout, mezzanine debt, and credit through primary fund investments, secondary purchases, and direct co-investments. HarbourVest has more than 270 employees, including 80 investment professionals, deployed in Asia, Europe, Latin America, and the United States. In more than 30 years of investing in private equity, the team has committed more than $25 billion to newly-formed funds, completed over $11 billion in secondary purchases, and invested $4 billion directly in operating companies. The firm’s clients include pension funds, endowments, foundations, and financial institutions throughout the U.S., Canada, Europe, Australia, Latin America, and Japan. To learn more about HarbourVest visit www.harbourvest.com
HarbourVest Partners (Europe) Limited, 8th Floor, Berkeley Square House, Berkeley Square, London W1J 6DB registered in England and Wales number 8618271. Authorised and regulated by the Financial Conduct Authority
© 2014 HarbourVest. All rights reserved.