HarbourVest Partners Closes Structured Solutions Vehicle for Private Market Secondaries

BOSTON--(BUSINESS WIRE)--HarbourVest Partners, a global leader in private markets investing, today announced the closing of HarbourVest Partners Structured Solutions 2025, an investment vehicle with the capacity to invest $1.1 billion into diversified secondary investments in private equity and private credit.

HarbourVest Partners’ Structured Solutions program combines the firm’s investment strategies for a broad range of institutional investors and expands access to private market secondaries.

Transaction highlights

• 100% private market secondaries in private equity and private credit
• Highly diversified portfolio construction: 4,000+ companies, 400+ funds, 100+ GPs, 10+ vintages
• Legal counsel to HarbourVest: Debevoise & Plimpton
• Financial advisor to HarbourVest: Evercore

HarbourVest and Ares Alternative Credit funds, affiliates of Ares Management Corporation (“Ares”), have agreed to capitalize the vehicle, with funds managed by Blackstone Credit and Insurance (“BXCI”) providing senior financing.

Jeff Keay, Chairman of HarbourVest’s Secondaries Investment Committees, commented: “We are thrilled to partner with Ares and BXCI on this innovative structured solution that we believe meets the evolving needs of institutional investors seeking tailored exposures to private market secondaries.”

Richard Sehayek, Partner & Co-Head of European Alternative Credit at Ares, commented: “We are pleased to provide our scaled, flexible capital to support a HarbourVest-managed vehicle, building on our longstanding relationship. This transaction is a testament to growing demand for innovative fund finance solutions, and we look forward to deepening our participation in this expanding market.”

About HarbourVest Partners

HarbourVest Partners is a global private markets investment firm with nearly $150 billion in assets under management, 1,200+ colleagues, and a 40-plus year track record of delivering value across private equity, credit, and infrastructure. The firm is a global leader in diversified private markets, with expertise spanning North America, EMEA, and Asia Pacific. For more information, please visit www.harbourvest.com.

About Ares Management Corporation

Ares Management Corporation (NYSE:ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2025, Ares Management Corporation's global platform had over $595 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

Disclosure:

HarbourVest Partners, LLC is a registered investment adviser under the Investment Advisers Act of 1940. The information on this site is intended solely for the benefit of firms and companies seeking private equity investment capital by providing general information on our services and philosophy. The material on this site is for informational purposes only and does not constitute an offer or solicitation to purchase any investment solutions or a recommendation to buy or sell a security nor is it to be construed as legal, tax or investment advice. Unless otherwise indicated, any information available through this site is as of the date indicated therein and may not be updated or otherwise revised to reflect information that subsequently becomes available. HarbourVest is under no obligation to update the information contained on this site. Additionally, the material on this site does not constitute a representation that the solutions described therein are suitable or appropriate for any person and HarbourVest does not accept any liability with respect to the information.