HarbourVest Partners Closes Inaugural Private Equity Continuation Solutions (PECS) Fund at $1.1 Billion
HarbourVest Partners (“HarbourVest”), a global private markets investment firm with more than $146 billion in assets under management as of June 30, 2025, today announced the final close of its inaugural Private Equity Continuation Solutions (PECS) Fund, an investment vehicle focused on single asset continuation transactions that enable GPs to extend their ownership of high conviction portfolio companies.
HarbourVest Partners Appoints Karin Risi, Former Vanguard Chief Strategy & Product Officer, as Independent Director to Firm’s Board
HarbourVest Partners, a global private markets investment specialist with more than $143 billion in assets under management as of December 31, 2024, today announced the appointment of Karin Risi to the firm’s Board. She joins Mitchell Harris, former CEO of BNY Mellon Investment Management who was appointed in 2021, as one of two Independent Directors on the Board.
HarbourVest Partners closes Fund XII over $3.0 billion exceeding target
HarbourVest Partners, a global private markets investment specialist, today announced the final close of its twelfth flagship US fund, HarbourVest Fund XII, which closed above its $2.0 billion target at over $3.0 billion, including the General Partner commitment.
HarbourVest Partners Appoints Cicely Yanxia Sun as Managing Director
HarbourVest Partners, a global private markets asset manager, today announced that Cicely Yanxia Sun has joined the firm as a managing director and co-head of the firm’s Beijing office. Ms. Sun will be responsible for enhancing and building relationships with institutional investors in China.
HarbourVest Partners Announces Close of Direct Lending Fund
HarbourVest Partners, a global private markets asset manager, today announced the final close of its HarbourVest Direct Lending Fund (HDL) at over $892 million in limited partner commitments, including the General Partner commitment. The Fund was oversubscribed and closed above the target size of $600 million. This close follows the firm’s final close of Credit Opportunities Fund II, HarbourVest’s junior credit offering, earlier this year.
HarbourVest Opens German Office
HarbourVest Partners, a global, independent private markets asset manager with $76 billion in AUM, today announced the opening of its office in Frankfurt, Germany to address increased demand from institutional and private wealth clients for innovative and broad ranging investment solutions.
