Articles from HarbourVest Partners

HarbourVest Partners, the global private markets investment specialist, with more than $143 billion of assets under management as of December 31, 2024, today shared commentary from the firm’s Senior Market Strategist, Scott Voss on the recent tariff announcement.

HarbourVest Partners, a leading global private markets investment specialist with more than $143 billion in assets under management as of December 31, 2024, today announced the launch of the HarbourVest Private Investment Fund (HPIF or the “Fund”). HPIF is designed to provide a single point of entry to HarbourVest’s multi-manager, direct private equity platform. The Fund is expected to invest capital primarily in direct company investments through co-investments and secondary continuation solutions with a long-term focus on the small to mid-market--a segment we believe has exhibited greater upside potential and less downside risk relative to larger companies. The Fund has been seeded with $550 million in capital (combination of assets and committed cash) with exposure to nearly 40 companies across 30 private equity managers that HarbourVest believes to be industry leading.

HarbourVest Partners, a global, independent private markets asset manager, today announced the final close of its eleventh dedicated private equity secondaries fund, Dover Street XI. The fund was oversubscribed and closed at its hard cap of $15.1 billion, including the General Partner’s commitment. In addition, the firm held a final close for Secondary Overflow Fund V, at $3.4 billion for secondary co-investment opportunities. This fundraising cycle was completed without extension, and complements additional secondaries allocations across other separately managed accounts and commingled funds.

HarbourVest Partners, a global private markets asset manager, today announced the firm has appointed John Toomey as Chief Executive Officer (CEO) effective October 1, 2024. John Toomey and Pete Wilson have been part of the firm’s Executive Management Committee (EMC), which collectively serves as CEO, for more than a decade. As part of this transition, Pete Wilson, will remain at the firm through the end of 2025, when he plans to retire.

HarbourVest Partners, the global private markets investment specialist, today announced the appointment of Peter Mahoney as a managing director and Head of Fund Accounting. In this role, Mahoney will be responsible for leading the firm’s fund and investment accounting operations, in addition to leading the Firm’s Valuation, and Audit Committees.

HarbourVest Partners, the global private markets investment specialist, today announced the appointment of Javier Rodriguez as a managing director and Head of Client Operations. In this newly created role, Rodriguez will oversee the cross-functional integration of the Firm’s Client Experience, Investment Accounting, Treasury, Portfolio Analytics, and Performance Measurement teams.

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.

HarbourVest Partners, a global private markets investment specialist with over $100 billion in AUM, today announced the opening of its office in Sydney, Australia. The new office comes as a response to the firm’s success in the region as institutional and private wealth clients in Australia and New Zealand increased their demand for the innovative investment solutions offered by the firm.

HarbourVest Partners, a global private markets investment specialist, today announced the appointment of Adam Freedman as a managing director and Chief Compliance Officer (CCO).

HarbourVest Partners, the global private markets investment specialist, announced today its 40th anniversary. Founded in 1982 by Brooks Zug and Ed Kane, HarbourVest has a long track record of success. Across its private markets platform, HarbourVest has committed more than $49 billion to newly-formed funds, completed over $40 billion in secondary purchases, and invested over $27 billion directly in operating companies across many sectors and through multiple economic cycles.1 HarbourVest has supported more than 30,000 portfolio companies and held more than 900 advisory seats. Today, HarbourVest is a trusted partner to its clients and general partners around the world with more than $92 billion in AUM.

HarbourVest Partners, a global private markets asset manager, today announced the hiring of Bryce Klempner as a managing director. Klempner will be a member of the firm’s investment solutions and strategy teams focusing on new product innovation and strategic growth.

HarbourVest Partners, a global private markets asset manager, today announced the opening of its newest office in Singapore and the expansion of its investment team in Hong Kong.

HarbourVest Partners, a global private markets asset manager, today announced the final close of its Credit Opportunities Fund II (COF II) at $833 million, including the General Partner commitment. The Fund was oversubscribed and closed above the target size of $600 million. The Fund’s predecessor closed at $375 million in 2017.