HarbourVest promotes four, expands in LatAm

The Boston-headquartered fund of funds manager has promoted Hong Kong-based Sebastiaan van den Berg to managing director and is in the process of opening an office in Colombia.

Fund of funds manager HarbourVest Partners has promoted four to the role of managing director, including Hong Kong-based Sebastiaan van den Berg.

According to a statement, Van den Berg will assume day-to-day responsibility for the management of the firm’s Hong Kong team while managing director and head of Philip Bilden plans a transition to an advisory role in 2012. 

Van den Berg joined HarbourVest in 2005 and focuses on investments in Asia Pacific and emerging markets. He serves on the advisory boards of a number of private equity partnerships, including CVC Asia Pacific, CITIC Capital China, KKR China, Everstone India and Brait Capital Partners. Van den Berg previously worked at H&Q Asia Pacific with a focus on mid-market buyouts in Greater China, South Korea and Japan, prior to which he held positions at AlpInvest in Amsterdam and Goldman Sachs in Hong Kong and London.

HarbourVest's Asia team will be further strengthened as two additional managing directors and a vice president are expected to relocate from Boston and London in the third quarter of this year, the firm said in the statement. Last year, the firm opened a Tokyo office headed by Tatsuya Kubo.

HarbourVest is also in the process of establishing an office in Bogotá, Colombia, where it recently relocated Boston-based managing director Peter Lipson.

“The partners at HarbourVest are enthusiastic about the opportunities for private equity in Latin America,” Lipson said in the statement. “As an early investor in the region in the 1990s, we have seen the markets go through challenges and now move to a much stronger economy and private equity culture.”

The three other newly-promoted managing directors are all based in Boston – Jeff Keay, who joined the firm in 1999 with a focus on global secondary investments; Karin Lagerlund, who joined the firm in 2000 overseeing the finance teams; and Scott Voss, who joined the firm in 1999 with a focus on primary partnership investments in the US, Asia, Latin America, and cleantech.