New York-based private equity firm Harvest Partners (Harvest), has closed it latest buyout fund, Harvest Partners IX and its parallel funds (HP IX) with $5.34bn in capital commitments, ahead of its $5.25bn target.
HP IX is 30% larger than the firm’s previous private equity fund, which raised $4.1bn in 2019 and has been fully deployed.
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Founded in 1981, Harvest has over 40-years of history of investing in North American middle-market companies. Today, the firm’s flagship Private Equity strategy focuses on businesses with enterprise values between $300m to $5bn in five target sectors – Business & Industrial Services, Consumer, Industrials, Healthcare and Software.
HP IX has over 90 investors, primarily institutional and well diversified across pension funds, sovereign wealth funds, insurance companies, asset managers and family offices. Harvest and its affiliates have over $20 billion of assets under management.
Davis Polk & Wardwell LLP served as legal counsel for HP IX.
Source: PrivateEquityWire
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