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Alternative Assets  + Private Debt  + Private Equity  | 
HarbourVest Closes $1.1B Structured Secondaries Vehicle

HarbourVest Closes $1.1B Structured Secondaries Vehicle

HarbourVest Partners has closed HarbourVest Partners Structured Solutions 2025, giving the firm capacity to invest $1.1 billion into diversified secondary investments across private equity and private credit.

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

The portfolio spans more than 4,000 companies, 400 funds, 100 GPs, and 10 vintages, according to the firm.

“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,” said Jeff Keay, Chairman of HarbourVest’s Secondaries Investment Committees.

Debevoise & Plimpton provided legal counsel to HarbourVest, while Evercore acted as financial advisor.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.