HarbourVest Closes $2.9B Secondary Fund

Apr 24 2009 | 1:03pm ET

HarbourVest Partners has raised $2.9 billion for its Dover Street VII, a global secondary fund, which invests in venture capital, leveraged buyout and other private equity assets, as well as portfolios of operating companies.

In total, 197 institutional investors committed capital to Dover VII, including corporate pensions, public pensions, endowments, and foundations located in the U.S., Europe, and Asia Pacific.

Dover Street VII began investing in December 2007 and recently completed the Tenaya Capital deal, in which HarbourVest helped the Lehman Brothers Venture Partners team.  spin out from Lehman and form an independent entity, Tenaya Capital.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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