HarbourVest Partners Announces Final Close of Sixth Direct Co-Investment Fund at $4.2B

HarbourVest Partners, a Boston-based global private equity firm, has closed its sixth co-investment fund at $4.2bn, easily beating its original target of $3.5bn.

Fund VI aims to provide investors with access to a global, diversified portfolio of direct co-investments in the buyout, growth equity, and other private markets transactions alongside private markets managers.

The fund will invest 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.

Fund VI’s limited partners include private and public pensions, corporations, endowments, foundations, and family offices, as well as high-net-worth clients.

HarbourVest has more than $101bn of assets under management as of June 30, 2022.