$840 million raised for firm’s infrastructure and real assets programs in 2020
HarbourVest Partners, a global private markets asset manager, today announced the final close of Real Assets Fund IV (the "Fund"), its latest infrastructure and real assets fund. The Fund closed in late December at $456 million and included commitments from a number of limited partners.
"This latest dedicated pool of capital further enhances HarbourVest’s position as a strategic partner and a leading provider of liquidity solutions in the infrastructure and real assets secondary market," said Kevin Warn-Schindel, Managing Director, HarbourVest Partners. "As the infrastructure and real assets market continues to grow, HarbourVest’s experience, deep relationships, and ability to deliver customized liquidity solutions for General Partners and limited partners are a key differentiator for us."
The Fund’s closing announcement follows the October 2020 final close of Adelaide, HarbourVest’s $384 million core yielding infrastructure vehicle. Across both funds, HarbourVest held $840 million of final closes for infrastructure-focused funds in Q4 2020.
"Since the creation of our dedicated infrastructure and real assets team in 2014, we have deployed over $2.4 billion* across a range of infrastructure and real assets deals including secondary and direct transactions," continued Warn-Schindel. "Our private markets platform and broad domain experience has positioned us to capitalize on market-wide opportunities while exploring a range of strategies for clients."
The Fund targets value-add infrastructure and real assets opportunities with a focus on identifying compelling investments to provide liquidity solutions for General Partners and limited partners.
The Fund was supported by limited partners in North America, the UK, and Israel including pension funds, endowments, foundations, and ultra high net worth private sector investors.
*Includes all real assets investments made for a HarbourVest fund/account since 2008 including those made outside of dedicated real assets vehicles.*
HarbourVest is an independent, global private markets investment specialist with over 35 years of experience and more than $71 billion in assets under management, as of December 31, 2020. The Firm’s powerful global platform offers clients investment opportunities through primary fund investments, secondary investments, and direct co-investments in commingled funds or separately managed accounts. HarbourVest has more than 675 employees, including more than 150 investment professionals across Asia, Europe, and the Americas. This global team has committed more than $45 billion to newly-formed funds, completed over $28 billion in secondary purchases, and invested over $21 billion directly in operating companies. Partnering with HarbourVest, clients have access to customized solutions, longstanding relationships, and actionable insights.
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