
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.