HarbourVest raises $3.6b for global secondaries fund
HarbourVest Partners has reached a final close of $3.6 billion on its latest global secondaries fund, exceeding the $3 billion target, on the back of strong investor demand. The fund, Dover Street VIII, is also larger than its predecessor, which reached closed at $2.9 billion in 2009.
The LP base comprises a broad range of corporate and public pension funds, Taft Hartley pension plans, endowments and foundations. The fund will make secondary investments in venture capital, leveraged...
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