HarbourVest Voted Best Fund of Funds in North America and Earns Other Top Honors Across Regions and Investment Strategies
Boston — 11 May 2009 — We are very pleased to announce that the readers of Private Equity International and PrivateEquityOnline.com have recognized HarbourVest as the Best Fund of Funds in North America in 2008. The readers also ranked HarbourVest among the top three Fund of Funds in Europe and Secondaries Firms in North America, highlighting HarbourVest's global reach and secondary expertise. The editors of the Private Equity Annual Review 2008 described HarbourVest as "among the most experienced limited partners in the world" and "in a superb position to allocate capital" following the late 2007 close of our latest U.S. fund-of-funds.About the Private Equity International Awards
The Private Equity International Awards are among the private equity industry’s most prestigious awards because they are decided by the industry participants themselves. Readers of Private Equity International magazine and PrivateEquityOnline.com submit nominees across dozens of award categories, and shortlists are created for a final vote. The 2008 Private Equity International Awards received tens of thousands of votes.
About HarbourVest
HarbourVest Partners, LLC is an independent global alternative investment firm and an SEC-registered investment advisor. HarbourVest provides investment programs for institutional investors to invest in venture capital, buyout, mezzanine debt, distressed debt, and real estate. HarbourVest invests in these sectors globally through primary partnerships, secondary purchases, and direct investments. HarbourVest and its subsidiaries have 230 employees, including 80 investment professionals deployed in Boston, London, and Hong Kong. In over 25 years of investing in private equity, the team has committed $21.7 billion to newly formed funds, representing relationships with 200 private equity managers. The team has also completed $6.2 billion in secondary purchases and invested $3.7 billion directly in operating companies. The firm’s clients consist of 250 institutional investors, including pension funds, endowments, foundations, and financial institutions throughout the U.S., Canada, Europe, Australia, and Japan.