HarbourVest Partners, a global private markets investment firm with more than $147 billion in assets under management as of March 31, 2025, has announced the appointment of Venu Krishnamurthy as managing director and head of global private wealth. Krishnamurthy will report to the firm’s CEO and will oversee all aspects of the wealth business including global sales, marketing, operations and client service.
As private markets investing continues to evolve from an “alternative” investment to a mainstream core holding, both wealth and institutional investors are increasingly seeking diversified exposure to private markets. This is a shift from the relatively higher risk, concentrated exposure desired when private markets investments were part of the satellite portion of a portfolio.
“Interest has been particularly strong in the wealth market. There is considerable appetite in adding private investments as a core holding as public markets have narrowed and have bee
