HarbourVest to open Beijing office

"HarbourVest has demonstrated a strong, long-term commitment to China," said Sebastiaan van den Berg, managing director of HarbourVest Asia. "We made our first commitment to a China-focused private equity fund in 1987. Given the continued growth of opportunities in China, a local presence in the market will enhance our investment platform and relationships with institutional investors and general partners."

The firm has committed more than $2.4 billion to fund managers, secondary transactions and co-investments in Asia since 1984, setting up offices in Hong Kong in 1996 and Tokyo in 2010. Globally, over the last 30 years it has channeled more than $25 billion to managers via fund-of-funds and completed deals worth $9 billion and $4 billion in the secondary and direct spaces, respectively.

HarbourVest's Asia business is led by its fund-of-funds operations but in the last couple of years the firm has broadened its scope. Tim Flower moved to Hong Kong in 2010 to head up the secondary investments in the region and then Alex Rogers arrived from London to manage direct investments.

Also in the last year, Philip Bilden, HarbourVest's founding managing director in Asia, has transitioned into a senior advisor role. Van den Berg is now in charge of the Hong Kong office.

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• Topics
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• Greater China
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