HarbourVest Partners Passes Fundraising Target
Secondary brokers may be wary of HarbourVest Partners after the firm backed out of a signed deal, but investors aren't. The firm has surpassed its fundraising target on Dover Street VII, a vehicle designed to invest in LP stakes of private equity funds, according to sources familiar with the effort. HarbourVest began raising the fund in May with a $2 billion target, peHUB reported. The firm has secured commitments greater than $2 billion but has not set a final closing date for the fund. The firm has dry powder to invest in a market that has been flooded with
5 November 2008•1 min read
