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HarbourVest Partners racks up $4.2bn for a sixth co-investment fund

Tuesday, November 22, 2022

Laxman Pai, Opalesque Asia:

Boston-based private-markets firm HarbourVest Partners has closed its sixth co-investment fund at $4.2 billion, beating its $3.5 billion target.

The global private equity investment manager said in a media release that the HarbourVest Partners Co-Investment Fund VI seeks to provide investors access to a global, diversified portfolio of direct co-investments in the buyout, growth equity, and other private markets transactions alongside top-tier private markets managers.

Investments will be made in companies located primarily in North America, Europe, Asia Pacific, and select emerging markets.

"The continuation of our flagship co-investment program enables us to remain the partner of choice for GPs on a global level," said Craig MacDonald, Managing Director, HarbourVest Partners. "In addition to being a provider of capital at scale, we continue to provide general partners with solutions that provide an access point for investors to gain exposure to market leading, private equity backed companies across industries and geographies."

HarbourVest Partners Co-Investment Fund VI was supported by more than 115 global investors, including institutional clients such as private and public pensions, corporations, endowments, foundations, and family offices, as well as high net worth clients.

Investors that have disclosed commitments to the newest fund include the Los Angeles City Employees' Retirement System and the Ventura County Emp......................

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