HarbourVest raises $2.61bn

The Boston manager closes its eleventh flagship US fund above target.

  • Fund name: HarbourVest Fund XI (Micro-Buyout, Buyout, Venture)
  • Amount raised: $2.61bn
  • Target size: $2bn
  • Date of first investment: 2018
  • Stage of fundraising: Final close
  • Final close date: January 2020
  • Predecessor fund: HarbourVest Partners X
  • Target hold time: 3-4 years
  • Amount invested to date: 65%
  • Number of investors in the fund: >90

HarbourVest Partners held a final close of HarbourVest Fund XI on $2.61 billion, above the fund’s $2 billion target. The fund makes buyout, growth equity and venture capital investments in North America. HarbourVest’s prior US flagship fund, HarbourVest Fund X, closed in 2016 with over $2 billion in committed capital.