Double Vision

What fundraising challenge? HarbourVest Partners clearly hasn’t read the memo. The firm’s executives are seeing double, following news that the Boston-based asset manager has raised $18.5 billion for its latest secondary fund; that’s nearly twice the size of its previous vintage.

Dover Street XI secured $15.1 billion of investor commitments in addition to $3.4 billion for its Secondary Overflow Fund V, which invests in parallel. The fund will invest in both LP-led and GP-led secondaries, including fund portfolios, single companies and groups of companies. Such has been the level of investor demand, it suggests investors view PE secondaries as a ‘safe harbour’ to continue building their exposure in the asset class. With sponsor-led deals expected to increase, HarbourVest will be busy exploring the depths of secondaries as it puts Dover Street XI’s capital to work.

Share this News 👇
GIF - Are you seeing double too

Get ready for IPEM Paris 2024 on September 9-11 at the Palais des Congrès

Over 6,000 delegates from 2,000 firms, including 1,000 LPs and 700 GPs, will be there, don’t miss the opportunity to connect with them!

Discover the event and participate

Become part of the IPEM Community

We help foster and engage the Private Capital community internationally through our live and digital events. Join thousands of your peers and enjoy new connections!

Highlights

Follow us

IPEM: Follow us on YoutubeIPEM: Follow us on Linkedin

Latest News