[July 10, 2026]

HarbourVest Partners Raises $4.75 Billion for Seventh Direct Co-Investment Program

HarbourVest Partners ("HarbourVest"), a global private markets asset manager, today announced the final close of the HarbourVest Partners Co-Investment Fund VII Program ("HCF VII") with approximately $4.75 billion in total commitments. HCF VII exceeded its $4 billion target, reflecting strong demand from a global group of new and existing limited partners.

HCF VII seeks to provide investors with access to a diversified global portfolio of direct co-investments across buyout and growth equity strategies alongside some of the industry's leading private markets sponsors. In addition to HarbourVest's core buyout strategy, the program includes a dedicated fund that raised more than $500 million to invest in growth equity and expansion stage opportunities that capitalize on transformative trends in AI, healthcare innovation, and other high-growth industries and disruptive technologies.

Over the past two years, HarbourVest has also raised more than $10 billion in co-investment capital alongside HCF VII. We believe that HCF VII, in parallel with other commingled closed-end funds, separately managed accounts, and evergreen capital under management, allows the platform to operate at scale and solidifies HarbourVest as a partner of choice for private equity managers globally.

"As private markets become an increasingly important part of long-term portfolios, investors are looking for ways to access high-quality opportunities while maintaining diversification and disciplined portfolio construction," said John Toomey, Chief Executive Officer of HarbourVest. "We believe co-investments can play an important role in helping clients meet those objectives, and HCF VII reflecs our ongoing commitment to providing clients with access to small- and mid-market investment opportunities, backed by the partnership and investment capabilities they need in today's market."

"The co-investment market continues to evolve as sponsors seek partners that can provide certainty of execution, flexible and scaled capital, and strategic support across increasingly complex transactions," said Ian Lane, Managing Director at HarbourVest. "We are seeing improving market conditions, greater transaction activity, more opportunities to generate liquidity, and continued opportunities across both buyout and growth equity. Through HCF VII, we believe we are positioned to invest alongside leading sponsors globally while building a diversified portfolio that balances the visibility of mature businesses with exposure to growing companies that benefit from powerful secular trends, including AI."

HCF VII builds on HarbourVest's more than 40-year history of direct co-investing and one of the industry's largest global co-investment platforms, which is supported by a dedicated global team of more than 60 investment professionals and relationships with more than 650 active private markets managers worldwide. Since inception, HarbourVest has committed approximately $47 billion across more than 1,350 direct equity co-investments, including more than $40 billion invested across more than 820 transactions during the past decade.

About HarbourVest Partners
HarbourVest is an independent, global private markets firm with over 43 years of experience and $161 billion of assets under management as of December 31, 2025. HarbourVest's interwoven platform provides clients with access to global primary funds, secondary transactions, direct co-investments, real assets and infrastructure, and private credit. HarbourVest's strengths extend across strategies, enabled by its team of more than 1,200 employees, including more than 225 investment professionals across Asia Pacific, Europe, the Middle East and the Americas.

Disclaimer
HarbourVest Partners, LLC is a registered investment adviser under the Investment Advisers Act of 1940. This material is solely for informational purposes and should not be viewed as a current or past recommendation or an offer to sell or the solicitation to buy securities or adopt any investment strategy. The opinions expressed herein represent the current, good faith views of the author(s) at the time of publication, are not definitive investment advice, and should not be relied upon as such. This material has been developed internally and/or obtained from sources believed to be reliable; however, HarbourVest does not guarantee the accuracy, adequacy or completeness of such information. There is no assurance that any events or projections will occur, and outcomes may be significantly different than the opinions shown here. This information, including any projections concerning financial market performance, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. The information contained herein must be kept strictly confidential and may not be reproduced or redistributed in any format without the express written approval of HarbourVest.

Nothing herein should be construed as a solicitation, offer, recommendation, representation of suitability, legal advice, tax advice, or endorsement of any security or investment and should not be relied upon by you in evaluating the merits of investing in HarbourVest funds or in any other investment decision.

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