Key Takeaways
- • HarbourVest Partners has set a $4 billion fundraising target for its seventh co-investment fund, Fund VII, according to PEI Private Equity.
- • Fund VII is structured as a 'combined fund' that gives limited partners the option to invest in underlying buyout and growth equity sleeves.
- • The structure lets LPs choose between buyout and growth equity exposure within a single co-investment vehicle.
Summary
HarbourVest Partners has set a $4 billion target for its seventh co-investment fund, Fund VII, according to a 10 April 2024 report by PEI Private Equity.
PEI describes Fund VII as a 'combined fund' that allows limited partners to invest in the underlying buyout and growth equity sleeves. The structure gives LPs the option to select exposure across both strategies within one co-investment program.
The report is brief and does not provide further detail on the fund's terms, investor composition, or current fundraising progress beyond the target and structure.
PEI describes Fund VII as a 'combined fund' that allows limited partners to invest in the underlying buyout and growth equity sleeves. The structure gives LPs the option to select exposure across both strategies within one co-investment program.
The report is brief and does not provide further detail on the fund's terms, investor composition, or current fundraising progress beyond the target and structure.
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