HarbourVest Partners has launched its HarbourVest Private Investment Fund (HPIF).
HPIF is designed to provide a single point of entry to HarbourVest’s multimanager, direct private equity platform. The fund is expected to invest capital primarily in direct company investments through co-investments and secondary continuation solutions with a long-term focus on the small to mid-market — a segment the firm believes has exhibited greater upside potential and less downside risk relative to larger companies. The fund has been seeded with $550 million in capital (combination of assets and committed cash) with exposure to nearly 40 companies across 30 private equity managers that HarbourVest believes to be industry leading.
“We are excited to launch our latest evergreen fund, providing individual investors in the U.S. with the opportunity to benefit from investing in private markets,” said John Toomey Jr., CEO of HarbourVest Partners. “We believe that the scale and d
