HarbourVest Partners
Secondaries, Equity co-investment, Mezzanine capital | |
Total assets | $106 billion (2022) |
---|---|
Number of employees | 340+ (2016) |
Website | www |
HarbourVest Partners is a
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.
Founded in 1982 as
Boston, Massachusetts with offices in Beijing, Bogota, Seoul, Tel Aviv, Tokyo, Toronto, London and Hong Kong.[1]
HarbourVest has approximately 80 investment professionals globally and manages approximately $75 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 was inducted into the Private Equity Hall of Fame.[2]
Investments
According to the companies SEC 13F-HR filing in August 2017,[3] the companies investments included:
- Lending Club
- Acceleron Pharma
- Box Inc.
- Tesla
- Groupon
- Silver Spring Networks
- Zendesk
- U.S Auto Parts Network
- Trevena
- Wayfair
Secondary transactions
HarbourVest has completed a number of significant
secondary market
investments in private equity:
- 2008 - Macquarie Capital Alliance, in June 2008, announced a takeover offer from a consortium of private equity secondary firms including AlpInvest Partners, HarbourVest Partners, Pantheon Ventures, Partners Group, Paul Capital Partners, Portfolio Advisors and Procific (a subsidiary of the Abu Dhabi Investment Authority) in one of the first public to private transactions of a publicly traded private equity company completed by secondary market investors.[4][5]
- 2007 - California Public Employees' Retirement System (CalPERS) agrees to the sale of $2.1 billion portfolio of legacy private equity funds at the end of 2007, after a process that had lasted more than a year.[6] The buying group included Oak Hill Investment Management, Conversus Capital, Lexington Partners, HarbourVest, Coller Capital and Pantheon Ventures.[7][8]
- 2006 - American Capital Strategies sells a $1 billion portfolio of investments to a consortium of secondary buyers including HarbourVest Partners, Lexington Partners and Partners Group[9][10][11]
- 2003 - HarbourVest acquired a $1.3 billion of private equity fund interests in over 50 funds from UBS AG through a joint venture transaction [12]
See also
- Equity co-investment
- Fund of funds
- HarbourVest Global Private Equity
- Limited partner
References
- ^ "Offices | HarbourVest". HarbourVest. Retrieved 2018-03-21.
- ^ "HarbourVest Partners inducted to PEA's Private Equity Hall of Fame". HarbourVest Partners. Archived from the original on 2012-04-26.
- ^ "EDGAR Filing Documents for 0000950123-17-007910".
- ^ "Macquarie Capital will spend $836m to go private Archived 2009-02-04 at the Wayback Machine". The Australian, June 17, 2008
- ^ "Macquarie Capital soars on buyout plan Archived 2008-08-03 at the Wayback Machine". The Sydney Morning Herald, June 16, 2008
- ^ CalPERs private equity stakes under microscope. Archived 2009-02-01 at the Wayback Machine Reuters 'Dealzone' November 20, 2008.
- ^ Craig, Catherine. Five buy record $3bn Calpers portfolio. Financial News, February 5, 2008.
- ^ Tracy, Tennille. Calpers, and where private-equity funds go to die. Wall Street Journal's Deal Journal blog, November 5, 2007.
- ^ "American Capital Raises $1 Billion Equity Fund; Expands Its Asset Management Business; Will Host 9 am Conference Call". American Capital Strategies. PR Newswire. 2006-10-04. Archived from the original on 2010-09-20.
- ^ American Capital raises $1bn fund Archived 2009-02-06 at the Wayback Machine. (AltAssets)
- TheDeal.com)
- ^ HarbourVest transactions Archived 2012-07-30 at the Wayback Machine