HarbourVest Partners is a private equity

fund of funds A "fund of funds" (FOF) is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. This type of investing is often referred to as multi-manager investment. A f ...

and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also directly in operating companies. Founded in 1982 as Hancock Venture Partners, a subsidiary of

John Hancock Insurance John Hancock Life Insurance Company, U.S.A. is a Boston-based insurance company. Established April 21, 1862, it was named in honor of John Hancock, a prominent American Patriot. In 2004, John Hancock was acquired by the Canadian multinational l ...

, HarbourVest is based in Boston, Massachusetts with offices in

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 2 ...

, Bogota, Seoul, Tel Aviv, Tokyo, Toronto, London and Hong Kong. HarbourVest has approximately 80 investment professionals globally and manages approximately $75 billion of investor commitments. Investors in HarbourVest funds include various types of

institutional investors An institutional investor is an entity which pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-link ...

such as public and corporate pension funds, endowments, foundations and financial institutions. In 2001, HarbourVest Partners was inducted into the Private Equity Hall of Fame.

Investments

According to the companies SEC 13F-HR filing in August 2017, the companies investments included: * Lending Club *

Acceleron Pharma Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which p ...

* Box Inc. * Tesla * Groupon *

Silver Spring Networks Silver Spring Networks, a subsidiary of Itron, is a provider of smart grid products, headquartered in San Jose, California, with offices in Australia, Singapore, Brazil, and the United Kingdom. Besides communications devices, Silver Spring Netw ...

* Zendesk * U.S Auto Parts Network * Trevena * Wayfair

Secondary transactions

HarbourVest has completed a number of significant secondary market investments in private equity: *2008 - Macquarie Capital Alliance, in June 2008, announced a takeover offer from a consortium of private equity secondary firms including

AlpInvest Partners AlpInvest Partners is a Dutch private equity asset manager with over $47 billion of assets under management as of September 30, 2017. The firm invests on behalf of a broad range of institutional investors from North America, Asia, Europe, South A ...

, HarbourVest Partners,

Pantheon Ventures Pantheon is a private equity, infrastructure, real assets and debt investor that invests on behalf of over 660 investors, including public and private pension plans, insurance companies, endowments and foundations. Founded in 1982, Pantheon has de ...

Partners Group Partners Group Holding AG is a Swiss-based global private equity firm with US$127 billion in assets under management in private equity, private infrastructure, private real estate and private debt. The firm manages a broad range of funds, struct ...

, Paul Capital Partners, Portfolio Advisors and Procific (a subsidiary of the

Abu Dhabi Investment Authority The Abu Dhabi Investment Authority ( ar, جهاز أبوظبي للاستثمار, ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi (in the United Arab Emirates) founded for the purpose of investing funds on behalf of the Gover ...

) in one of the first public to private transactions of a publicly traded private equity company completed by secondary market investors. *2007 - California Public Employees' Retirement System (CalPERS) agrees to the sale of $2.1 billion portfolio of legacy private equity funds at the end of 2007, after a process that had lasted more than a year. The buying group included Oak Hill Investment Management, Conversus Capital,

Lexington Partners Lexington Partners is the largest independent manager of secondary acquisition and co-Investment funds in the world, founded in 1994. Lexington manages approximately $55 billion of which an unprecedented $14 billion was committed to the firm's ...

, HarbourVest, Coller Capital and Pantheon Ventures. * 2006 - American Capital Strategies sells a $1 billion portfolio of investments to a consortium of secondary buyers including HarbourVest Partners,

and

* 2003 - HarbourVest acquired a $1.3 billion of private equity fund interests in over 50 funds from UBS AG through a joint venture transaction HarbourVest transactions

References

External links

HarbourVest Partners
{{DEFAULTSORT:Harbourvest Partners Private equity firms of the United States Companies based in Boston Financial services companies established in 1982 Private equity secondary market 1982 establishments in Massachusetts

Investments

Secondary transactions

See also

References

External links