HarbourVest Partners Raises $4.75 Billion for Seventh Direct Co-Investment Program
HCF VII exceeds $4 billion target, including more than $500 million earmarked for growth investments
HarbourVest Partners (“HarbourVest”), a global private markets asset manager, today announced the final close of the HarbourVest Partners Co-Investment Fund VII Program (“HCF VII”) with approximately $4.75 billion in total commitments. HCF VII exceeded its $4 billion target, reflecting strong demand from a global group of new and existing limited partners.
HCF VII seeks to provide investors with access to a diversified global portfolio of direct co-investments across buyout and growth equity strategies alongside some of the industry’s leading private markets sponsors. In addition to HarbourVest’s core buyout strategy, the program includes a dedicated fund that raised more than $500 million to invest in growth equity and expansion stage opportunities that capitalize on transformative trends in AI, healthcare innovation, and other high-growth industries and disruptive technologies.
Over the past two years, HarbourVest has also raised more than $10 billion in co-investment capital alongside HCF VII. We believe that HCF VII, in parallel with other commingled closed-end funds, separately managed accounts, and evergreen capital under management, allows the platform to operate at scale and solidifies HarbourVest as a partner of choice for private equity managers globally.
