HarbourVest raises $375m

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HarbourVest Partners has raised $375 million for its HarbourVest Partners Mezzanine Income Fund. The Boston-headquartered firm began fundraising in 2015 with a $250 million target.

Investors that committed to HarbourVest Partners Mezzanine Income Fund include the Municipal Employees' Retirement System of Michigan.

The fund will target mezzanine-equity opportunities in a diverse number of sectors in the United States.