HarbourVest Partners Closes $2.4 Billion HarbourVest Fund XIII With Global Institutional Investors

HarbourVest Partners has closed its thirteenth U.S. flagship primary fund, HarbourVest Fund XIII, securing approximately $2.4 billion in capital commitments. This fund incorporates buyout and venture capital strategies, attracting a diverse range of global institutional and private wealth investors. The venture allocation of the fund exceeded targets due to heightened interest in sectors such as AI, cybersecurity, biotechnology, and deep tech.

Summary of transaction details:

• Deal Type: Fund closing
• Transaction Amount: $2,400,000,000
• Headquarters Location: Boston, Massachusetts
• Investment Focus: Buyout and venture capital strategies
• Assets Under Management: Over $150 billion

HarbourVest Partners is a private markets investment firm established in Boston, specializing in private equity, venture capital, infrastructure, real assets, and private credit. The firm employs a long-standing primary fund model complemented by secondary investments and direct co-investments, signifying its strategic approach to capital management and investment opportunities.