HarbourVest opens in Singapore, boosts Asia investment team

Asia now accounts for five out of the firm’s 11 offices globally, with Singapore joining Beijing, Hong Kong, Seoul, and Tokyo in the network. HarbourVest has been active in Asia since 1984 – making it one of the first fund-of-funds to enter the region – and established a permanent base in Hong Kong in 1996. Tokyo, Beijing, and Seoul followed in 2010, 2012, and 2015, respectively.

John Toomey, a managing director with the firm, said in a statement that continued expansion in Asia reflects the region’s importance to business growth, in terms of fundraising and investments. The Singapore team will initially comprise four employees across the investment, investor relations, operations, and regulatory functions.

Hao was most recently a senior vice president for private equity at Neuberger Berman. She joined the firm in 2017 after seven years at Canada Pension Plan Investment Board (CPPIB). Hao was one of the founding members of the pension fund’s Asia private equity team.

HarbourVest had $76 billion in assets under management as of March across private equity, private credit, and real assets. It offers exposure to primary fund investments, secondaries, and co-investments via commingled funds and separately managed accounts.

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• Topics
• Southeast Asia
• Greater China
• People
• Fund-of-funds
• Asia
• Singapore
• Fund-of-funds
• HarbourVest Partners
• Appointments