Conversus To Fold After $1.4B Sale Of Assets To HarbourVest: CORRECTED

As part of a long-anticipated consolidation of the private equity funds of funds industry, Boston-based HarbourVest Partners and its affiliates have agreed to pay $1.4 billion to acquire the private equity assets of Conversus Capital, which is the world’s largest publicly listed fund of funds manager. As a result of the deal, Conversus will wind up operations and its staff will resign.

Investors