November 07, 2016 – 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.