HarbourVest Partners LLC announced the final close of its Europe, Asia and emerging markets-focused fund, HIPEP VIII Partnership, at $1.7 billion, exceeding its target.
The fund's strategy is to make primary fund investments in managers, as well as secondary investments and direct co-investments. The fund began making commitments in May 2017 and has committed approximately 29% of its capital, in-line with a planned three to four year investment period. The portfolio currently includes 10 commitments to private equity managers in Europe and Asia Pacific, all of which have been oversubscribed.
