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Exclusive: HarbourVest loses Hong Kong MD

The senior executive, who spent 10 years with the firm, left HarbourVest at the end of March

HarbourVest Partners has lost a managing director in its Hong Kong office, PEI has learnt.

Sebastiaan van den Berg left the firm at the end of March, according to sources familiar with the matter. He left the firm because of personal reasons, the sources said.

Van den Berg has no concrete plans on what he will be doing next, but he will remain in Asia and will stay in the private equity sector, it is understood. Both Van den Berg and HarbourVest declined to comment.

Van den Berg spent 10 years at HarbourVest, where he had a focus on investments in Asia Pacific and emerging markets.

Prior to HarbourVest, he spent a year as an investment manager at AlpInvest Partners in Amsterdam, having previously worked as an associate at Goldman Sachs in London for six years.

It is unclear whether HarbourVest will replace Van den Berg. The firm currently has a private equity team of 16 in its Hong Kong office with three further managing directors: Tim Flowers, Alex Rogers and Hemal Mirani. The latter rejoined HarbourVest earlier this year, PEI revealed at the time.

Mirani spent six years at CVC Capital Partners, where she was head of investor relations in Asia and chief administrative officer. She initially joined HarbourVest in 1997 and stayed with the firm for 11 years developing relationships with Asian private equity managers and working with investors and consultants across the region.