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HarbourVest Partners Closes Fund XII Over $3B Exceeding Target

September 23, 2022, 07:00 AM
Filed Under: Private Equity

HarbourVest Partners, a global private markets investment specialist, announced the final close of its twelfth flagship US fund, HarbourVest Fund XII, which closed above its $2.0 billion target at over $3.0 billion, including the General Partner commitment.

“The US remains the most developed and proven market for private equity investing and one where we see a large and growing opportunity set,” said Ryan Gunther, Managing Director, HarbourVest Partners. “Our ability to provide a diversified, comprehensive solution to help investors meet their return objectives resulted in strong demand for our flagship US fund.”

Fund XII provides investors with access to high-quality buyout, micro buyout, venture capital, and growth equity investments predominantly in the US through primary partnership investments and is complemented by secondary and direct co-investments. The program aims to provide investors with compelling returns, while reducing risk through diversification.

“In today’s market environment, strategically navigating economic turbulence and an evolving investment landscape is critical for success,” said Amanda Outerbridge, Managing Director, HarbourVest Partners. “Through our decades of experience and long-standing relationships, we are able to identify key areas of innovation and growth, and can provide investors with access to leading managers who are positioned to outperform across economic cycles.”

The fund was supported by over 78 limited partners from four continents, including public and private pension funds, insurance companies, endowments, family offices, and ultra-high net worth investors.

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