HarbourVest Partners

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Type Private Ownership, LLC
Industry Private Equity
Predecessor(s) Hancock Venture Partners
Founded 1982
Headquarters One Financial Center
Boston, Massachusetts, United States
Products Fund of funds, Secondaries, Equity co-investment
Total assets $18 billion
Employees 80+ (2007)
Website www.harbourvest.com

HarbourVest Partners is a private equity fund of funds and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also directly in operating companies. HarbourVest manages investments in North America, South America, Europe, Asia, Australia and Africa.

Founded in 1982 as Hancock Venture Partners, a subsidiary of John Hancock Insurance, HarbourVest is based in Boston, Massachusetts with offices in London and Hong Kong. HarbourVest has approximately 80 investment professionals globally and manages approximately $18 billion of investor commitments.

Investors in HarbourVest funds include various types of institutional investors such as public and corporate pension funds, endowments, foundations and financial institutions.

In 2001, HarbourVest Partners got inducted to the Private Equity Hall of Fame.[1]

Secondary transactions[edit]

HarbourVest has completed a number of significant secondary market investments in private equity:

  • 2003 - HarbourVest acquired a $1.3 billion of private equity fund interests in over 50 funds from UBS AG through a joint venture transaction [10]

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