Safe Harbour for Co-Investing

HarbourVest has sailed into calmer waters with another successful fundraising voyage, proving that a well-charted course still attracts plenty of support. The firm closed its seventh direct co-investment program, HarbourVest Partners Co-Investment Fund VII Program (HCF VII), on $4.75 billion, comfortably surpassing its $4 billion target with commitments from a broad base of new and existing global limited partners. The program will invest alongside HarbourVest's private equity partners worldwide and includes a dedicated growth equity vehicle, which raised more than $500 million to back expansion-stage companies in sectors including AI and healthcare. 

HarbourVest CEO John Toomey said that HCF VII reflects the firm's “ongoing commitment to providing clients with access to small- and mid-market investment opportunities, backed by the partnership and investment capabilities they need in today’s market.” Ian Lane, Managing Director at HarbourVest said: “We are seeing improving market conditions, greater transaction activity, more opportunities to generate liquidity, and continued opportunities across both buyout and growth equity.” With investor demand remaining buoyant, HarbourVest has once again demonstrated that a steady hand at the helm continues to inspire confidence.