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HarbourVest and AP7 partner to launch new open-ended PE solution

Private markets investment firm HarbourVest Partners has partnered with AP7, a Swedish government pension fund, as a $835 million founder investor in a new open-ended, evergreen private equity strategy designed for non-US institutional and High Net Worth investors.

Private markets investment firm HarbourVest Partners has partnered with AP7, a Swedish government pension fund, as an $835 million founder investor in a new open-ended, evergreen private equity strategy designed for non-US institutional and High Net Worth (HNW) investors.

HarbourVest has offered a range of solutions which clients can select depending on their specific investment needs since it was founded in 1982. The open-ended nature of this new secondaries and direct co-investment solution further complements this range by including a liquidity-generating mechanism. 

The partnership with AP7 is focused on delivering a solution for both institutional and private clients and continues HarbourVest’s commitment to the private client segment. This began in 2007 with the now London-listed HVPE offering daily liquidity to non-US investors, continued in 2014 with the launch of a global annual program offering clients a core diversified solution, and progressed further in 2016 with the creation of one of the first dedicated private client groups.
  
HarbourVest says its 40-year track record and ability to deploy more than $10 billion per annum in direct co-investments and secondaries, enables it to access a large volume of “quality deals from leading managers across open-architecture solutions.”
 

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