HarbourVest Partners, a global private markets asset manager, has held the final close of its fifth co-investment fund at its hard cap of USD3.0 billion. HarbourVest Partners Co-Investment Fund V, which had an original target of USD2.5 billion, was oversubscribed.
“HarbourVest’s direct co-investment program has established itself as a leader within the private equity space,” says Peter Wilson, Managing Director, HarbourVest Partners. “Our longstanding relationships with proven managers have created access to compelling investment opportunities in partnership with some of the best sponsors in the industry.”
The fund’s strategy is to create a global, diversified portfolio of direct co-investments in buyout, growth equity, and other private markets transactions alongside top-tier private markets managers.
“HarbourVest’s co-investment program continues to expand due to the strength of our track record and our differentiated sourcing capabilities,” says Corentin du Roy, Managing Director, HarbourVest Partners. “The depth of our relationships with private equity managers across the globe combined with our execution capabilities to deliver co-investment solutions throughout the capital structure have been key to the growth and success of our co-investment program.”
HarbourVest Partners Co-Investment Fund V has more than 100 investors from across a range of geographies including Asia Pacific, Europe, Middle East, North America, and South America. It includes institutional clients such as private and public pensions, corporations, foundations, and family offices, as well as clients through wealth management platforms.
