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HarbourVest in the news

Semi-liquids and secondaries: offering new liquidity options to managers*

February 5, 2024

Private Equity International

Emerging managers seek to beat the first-time fund blues*

February 1, 2024

Infrastructure Investor

Co-investment in oversupply*

February 1, 2024

Infrastructure Investor

Secondaries could see its best year so far*

February 1, 2024

Infrastructure Investor

End of Year Review: HarbourVest Partners*

January 12, 2024

RealDeals

More players to embrace secondaries in 2024 amid liquidity crunch

January 8, 2024

Private Equity International

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About HarbourVest

HarbourVest is an independent, global private markets firm with 40 years of experience and more than $117 billion of assets under management as of September 30, 2023. 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 1,150 employees, including more than 230 investment professionals across Asia, Europe, and the Americas. Across our private markets platform, our team has committed more than $58 billion to newly-formed funds, completed over $50 billion in secondary purchases, and invested over $37 billion in directly operating companies. We partner strategically and plan our offerings innovatively to provide our clients with access, insight, and global opportunities.

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”).