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.
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“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.
Source: Business Wire
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