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HarbourVest adds to Credit Team

HarbourVest Partners has appointed Karen Simeone as a Managing Director in the firm’s private credit business based in Boston.

Simeone joins Managing Directors Jamie Athanasoulas and Peter Lipson and will specifically expand HarbourVest’s senior credit investing capabilities.
 
“Institutional investors are allocating to private credit strategies at a robust pace, and we are building a strong team to provide our clients with the type of credit exposure they seek,” says Peter Wilson, Managing Director, HarbourVest. “Karen’s 20 years of credit experience will enable HarbourVest to continue adding to our private credit capabilities in both commingled fund and separate account formats.”
 
The credit business leverages HarbourVest’s decades of experience and relationships with private equity general partners to offer tailored financing solutions. HarbourVest’s private credit program complements the firm’s existing business practices, offering investors access to a new asset class characterised by differentiated credit deal flow, capital preservation, and current income.
 
Prior to joining HarbourVest, Simeone was a Managing Director at TCW Direct Lending (formerly Regiment Capital’s direct lending arm), where she was responsible for all aspects of investing in secured debt to middle-market borrowers, including sourcing, evaluating, structuring, underwriting, and managing secured loans. Simeone’s previous experience includes middle-market debt investing at Stairway Capital and positions in the leveraged finance and high yield groups at JP Morgan. Simeone received a BS from Georgetown University and studied at the London School of Economics.
 
“Karen’s industry perspective, network and expertise in senior credit and restructuring rounds out our private credit business across the credit stack,” says Peter Lipson, Managing Director, HarbourVest. “The private credit asset class continues to grow in size and scope, both industry-wide and at our firm, and Karen’s experience will complement well what we have built with our credit team thus far.”
 
“I’m thrilled to be joining such a talented and growing team that is well positioned for expansion,” says Simeone. “This is a great opportunity to continue to build a platform that benefits investors through access to differentiated deal flow and offers private equity sponsors tailored debt and equity financing solutions. Given its breadth of relationships with buyout sponsors, I believe HarbourVest offers a unique model within the private credit universe.”

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