HarbourVest Closes $4.75B Co-Investment Program

HarbourVest Partners has closed its seventh co-investment program at approximately $4.75 billion in total commitments, exceeding the $4 billion target with support from a global group of new and existing limited partners. HCF VII seeks to provide investors with diversified exposure to direct co-investments across buyout and growth equity strategies alongside leading private markets sponsors.

The program includes a dedicated fund that raised more than $500 million to invest in growth equity and expansion-stage opportunities, with a focus on transformative trends in AI, healthcare innovation, and other high-growth and disruptive technology sectors. Over the past two years, HarbourVest has raised more than $10 billion in additional co-investment capital alongside HCF VII — bringing its two-year total to more than $14 billion.

“We are seeing improving market conditions, greater transaction activity, more opportunities to generate liquidity, and continued opportunities across both buyout and growth equity,” said Ian Lane, managing director, HarbourVest Partners.

Since inception, HarbourVest has committed approximately $47 billion across more than 1,350 direct equity co-investments, including more than $40 billion invested across more than 820 transactions over the past decade.