HarbourVest Partners has held a final close of its 11th dedicated private equity secondaries fund, Dover Street XI.
The fund was oversubscribed and closed at its hard cap of $15.1 billion, including the general partner’s commitment. In addition, the firm held a final close for Secondary Overflow Fund V, at $3.4 billion for secondary co-investment opportunities. This fundraising cycle was completed without extension and complements additional secondaries allocations across other separately managed accounts and commingled funds.
Since inception, HarbourVest has deployed more than $55 billion into almost 650 secondaries transactions, focusing on a balanced mix of LP-led and GP-led opportunities.
“More than 35 years after our first