Company Overview of HarbourVest Partners, LLC

Company Overview

HarbourVest Partners, LLC is a private equity investment firm specializing in direct, fund of funds, and secondary indirect investments. Within direct investments, the firm makes private equity, venture capital, and mezzanine debt investments in established, growing companies at a variety of stages, including later-stage venture, growth equity, private debt–providing capital for senior debt and credit investments, special situations like turnarounds, buyout, management buyouts, and buyout co-investment opportunities. It also makes distressed debt investments. Within primary partnerships, the firm focuses on new partnerships fund of funds and invests in small, medium, and large buyout partner...

HarbourVest Partners, LLC is a private equity investment firm specializing in direct, fund of funds, and secondary indirect investments. Within direct investments, the firm makes private equity, venture capital, and mezzanine debt investments in established, growing companies at a variety of stages, including later-stage venture, growth equity, private debt–providing capital for senior debt and credit investments, special situations like turnarounds, buyout, management buyouts, and buyout co-investment opportunities. It also makes distressed debt investments. Within primary partnerships, the firm focuses on new partnerships fund of funds and invests in small, medium, and large buyout partnerships, venture fund managers that specialize in seed and early stage; managers that focus in later stage growth, or balanced investments, and mezzanine and distressed debt partnerships. For secondary investments, it structures investments as traditional LP interests, secondary direct transactions, structured transactions, and linked transactions. The firm seeks transactions with limited competition or where it has a proprietary advantage. It invests in middle market companies throughout the world. The firm prefers to invest in real estate, software, hardware, data communications, telecommunications, cleantech, energy, real assets, and financial services sectors. It prefers to make partnership investments in the United States and non-United States markets with a focus on Europe primarily in United Kingdom, Australia, and Asia Pacific. The firm also invests in developing markets as an early investor in various regions including Eastern Europe, Israel, Africa considering South Africa, Northern and Latin America. For later stage investments in emerging companies, it seeks technology innovators companies located primarily in the United States and Europe. For growth equity investments, the firm invests between $5 million to $40 million per transaction. For mezzanine investments, it invests between $5 million to $20 million per transaction. It seeks co-investments between $10 million to $100 million per transaction. For growth equity investments, the firm invests in companies with revenues between $10 million and $75 million with a proven business model and product and service acceptance. It typically makes investments in partnerships up to $80 million. The firm can structure purchases ranging from $1 million in a single fund to over $1 billion when dealing with a portfolio of assets. It leads mezzanine rounds in smaller buyout transactions and work with other mezzanine providers in small middle-market and large-market deals. The firm works very closely with its primary partnership managers. It seeks to be a lead investor and also invest alongside other private equity firms. The firm was formerly known as Hancock Venture Partners. HarbourVest Partners, LLC was founded in 1982 and is based in Boston, Massachusetts.

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