HarbourVest Aims for $4 Billion in Newest Co-Investment Fund

HarbourVest Partners has its sights set on raising $4 billion for its seventh co-investment fund, known as Fund VII. This innovative fund structure offers limited partners (LPs) the flexibility to invest in both buyout and growth equity strategies through separate sleeves. With LP interest in co-investments on the rise, HarbourVest's approach addresses the growing need for streamlined investment opportunities in the private equity space. Institutions like the Ventura County Employees’ Retirement Association and Vermont Pension Investment Commission have already shown confidence in Fund VII, with commitments of $25 million and $20 million respectively. The fund's "combined fund" option, alongside the choice to invest in underlying buyout and growth equity funds, caters to LPs seeking diversified exposure and efficient management of their private equity portfolios.