HarbourVest Seeks $3.5 Billion for Private Equity Co-Investing

HarbourVest Partners is seeking $3.5 billion for its sixth co-investment fund as institutional investors look to broaden their exposure to private equity deals.

The firm plans to make 40 to 55 investments in deals with alternative asset managers that focus primarily on North America and Europe, according to a meeting agenda for the Ventura County Employees’ Retirement Association. The investments will range from $55 million to $75 million.

HarbourVest is an independent, global private markets investment specialist with over 35 years of experience and more than $76 billion in assets under management, as of March 31, 2021.

The Firm’s powerful global platform offers clients investment opportunities in private equity, private credit and real assets through primary fund investments, secondary investments, and direct co-investments, in commingled funds or separately managed accounts. HarbourVest has more than 700 employees, including more than 150 investment professionals across Asia, Europe, and the Americas. This global team has committed more than $46 billion to newly-formed funds, completed over $29 billion in secondary purchases, and invested over $21 billion directly in operating companies. Partnering with HarbourVest, clients have access to customized solutions, longstanding relationships, and actionable insights.

Source: Bloomberg Law

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