HarbourVest Partners Closes $15.1B PE Secondaries Fund Dover Street XI and $3.4B Secondary Overflow Fund V

HarbourVest Partners, an independent global private markets firm, has successfully closed its eleventh dedicated private equity secondaries fund, Dover Street XI, at its hard cap of $15.1 billion.  The fund, oversubscribed and without extension, includes the General Partner's commitment. The firm also closed Secondary Overflow Fund V at $3.4 billion for secondary co-investment opportunities, complementing other secondaries allocations.

HarbourVest's secondaries team leverages its global platform to tap general partner relationships and differentiated information access to identify opportunities that may generate meaningful outperformance. The firm has deployed over $55 billion into almost 650 secondaries transactions since inception, focusing on a balanced mix of LP-led and GP-led opportunities. 

 HarbourVest, with over 42 years of experience and more than $127 billion of assets under management, is an independent, global private markets firm. It provides clients access to global primary funds, secondary transactions, direct co-investments, real assets and infrastructure, and private credit. The firm's team of more than 1,200 employees, including more than 230 investment professionals across Asia, Europe, and the Americas, has committed more than $59 billion to newly-formed funds, completed over $55 billion in secondary purchases, and invested over $40 billion in direct operating companies. Read the full release here.