HarbourVest HIPEP IX closes above target at over $1.6 billion
BOSTON–(BUSINESS WIRE)–HarbourVest Partners, a global private markets investment specialist, today announced the final close of its HIPEP IX Fund at over $1.6 billion in commitments. The Fund closed above the target size of $1.25 billion.
HIPEP IX provides investors with access to leading private equity managers and investments in Europe and Asia Pacific, the two major private equity markets outside of the United States. The primary program is complemented by secondary transactions and direct co-investments which are designed to potentially accelerate performance and enhance overall returns. There is an attractive market opportunity in Europe and Asia Pacific, which jointly comprise 63% of global GDP and represent almost 59% of global economic growth1.
“Our HIPEP program is a reflection of the continued demand from investors for focused private equity solutions,” said Till Burges, Managing Director, HarbourVest Partners. “With a large and growing team, HarbourVest has had a presence in Europe for over 30 years and in Asia for over 25 years, committing more than $29 billion across multiple business cycles2.”
The fund was supported by global limited partners from four continents, including public and private pension funds, and endowments.
“The fund is designed to focus on the leading managers across key investment themes in Europe and Asia, and exposure to the next generation of emerging managers in these regions,” continued Burges. “HarbourVest’s deep local expertise combined with the benefits of our global platform allows us to provide investors with hard-to-access opportunities in these two core markets.”
1 Source: WEO as of October 2020.
2 As of September 30, 2021.
HarbourVest is an independent, global private markets investment specialist with over 35 years of experience and more than $86 billion in assets under management, as of September 30, 2021. The Firm’s powerful global platform offers clients investment opportunities in private equity, private credit and real assets through primary fund investments, secondary investments, and direct co-investments, in commingled funds or separately managed accounts. HarbourVest has more than 750 employees, including more than 180 investment professionals across Asia, Europe, and the Americas. This global team has committed more than $48 billion to newly-formed funds, completed over $31 billion in secondary purchases, and invested over $25 billion directly in operating companies. Partnering with HarbourVest, clients can access customized solutions, longstanding relationships, and actionable insights.
Nothing herein should be construed as a solicitation, offer, recommendation, representation of suitability, legal advice, tax advice, or endorsement of any security or investment and should not be relied upon by you in evaluating the merits of investing in HarbourVest funds or in any other investment decision. Information about the fund is not representative of any other HarbourVest fund or investment product.