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Laxman Pai, Opalesque Asia: Boston-based HarbourVest Partners closed its latest private equity fund above the fundraising target - the $3 billion HarbourVest Partners Co-Investment Fund V was oversubscribed and above its $2.5 billion target.
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 said a press release from the global private markets investment specialist with $63 billion in assets under management.
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.
Investors in HarbourVest Partners Co-Investment Fund V include the $82 billion Virginia Retirement System, Richmond; $5.7 billion Ventura County (Calif.) Employees' Retirement Association; $4.1 billion Vermont Pension Investment Committee, Montpelier; $4.1 billion Louisiana Parochial Employees' Retirement System, Baton Rouge; $3.2 billion San Antonio Fire & Police Pension Fund; and $234 million Manchester (N.H.) Employees' Contributory Retirement System.
"HarbourVest's direct co-investment program has established itself as a leader within the private equity space," said Peter Wilson, Managing Director, HarbourVest Partners. "Our longstanding relationships with proven managers have created access to compelling investm...................... To view our full article Click here
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