HarbourVest Partners Closes Secondaries Fund Above Target

Dover Street IX Closes at $4.77 Billion

BOSTON--()--HarbourVest Partners, a global private markets asset manager, today announced the final close of its latest secondaries fund. The fund was oversubscribed, and closed above its $3.6 billion target at $4.77 billion.

“Our global secondaries team has decades of experience and deep industry relationships. As the secondaries market continues to evolve, these competitive advantages have helped us to remain well positioned to continue to provide our investors with access to the best opportunities available,” said Brett Gordon, Managing Director, HarbourVest. “Our experience and expertise to execute on even the most complex transactions is what makes HarbourVest a sought after partner as both LPs and GPs actively seek liquidity solutions.”

HarbourVest’s secondaries platform focuses on acquiring fund interests diversified by stage, geography and investment year. The firm’s track record and emphasis on complex transactions, such as whole fund liquidity solutions and take private transactions, positions HarbourVest uniquely in the market.

“Our first secondary transaction took place in 1986 and it’s exciting to celebrate the 30th anniversary with the closing of our latest secondaries fund,” said Gordon. “We’ve completed more than 400 transactions over the past three decades, providing our investors with high-performing, mature global portfolios of private markets assets. We look forward to doing the same with Dover IX.”

Limited Partners in the fund span the globe and consist of corporations, pension funds, endowments, foundations and high net worth private sector investors.

ABOUT HARBOURVEST

HarbourVest is an independent, global private markets investment specialist with more than 30 years of experience and more than $40 billion in assets under management. The Firm’s powerful global platform offers clients investment opportunities through primary fund investments, secondary investments, and direct co-investments in co-mingled funds or separately managed accounts. HarbourVest has more than 390 employees, including more than 90 investment professionals across Asia, Europe, and the Americas. This global team has committed more than $31 billion to newly-formed funds, completed over $14 billion in secondary purchases, and invested $5 billion directly in operating companies. Partnering with HarbourVest, clients have access to customized solutions, longstanding relationships, actionable insights, and proven results.

Contacts

HarbourVest Partners
Brian Ruby
203-682-8268
HarbourVestPR@icrinc.com

Release Summary

HarbourVest announces final close of its latest secondaries fund.

Contacts

HarbourVest Partners
Brian Ruby
203-682-8268
HarbourVestPR@icrinc.com