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.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...