Harvest Partners, a New York–based private equity firm, has held a close for its Harvest Partners IX and its parallel funds (HP IX), raising more than $5.34 billion of commitments, surpassing its target of $5.25 billion.
HP IX is 30 percent larger than the firm’s previous private equity fund, which raised $4.1 billion of commitments in 2019 and has been fully deployed.
The firm focuses on businesses with enterprise values between $300 million to $5 billion in five target sectors: business & industrial services, consumer, industrials, healthcare and software.
HP IX has more than 90 investors, primarily institutional, and is well diversified across pension funds, sovereign wealth funds, insurance companies, asset managers and family offices.
