Private equity

With HarbourVest closing on $15.1bn for Dover Street XI, Secondaries Investor takes a look at how the firm’s flagship secondaries vehicles have delivered across IRR, TVPI and DPI.

The Canadian pension giant also acquired interests in two co-investments as part of the transaction.

Combining Dover Street XI and its co-investment vehicle Secondary Overflow Fund V, the manager has raised $18.5bn to deploy into secondaries transactions.

Secondaries Investor reported in March that Goldman Sachs and AlpInvest Partners were investors in the deal involving global life science ingredients distributor Barentz.

Mid-Market Secondaries III, which is targeting €200m, is the secondaries-focused successor to Select Opportunities Fund II, CEO Eric Deram tells Secondaries Investor.

In taking over from Suyi Kim, Gubbels will become the Canadian giant’s second consecutive female private equity head.

Industry leaders from Ardian, Coller Capital, Evercore and more share their top fiction and non-fiction recommendations for whiling away the time on your summer vacay.

The past year has been the firm’s strongest fundraising period ever, with nearly $28bn raised.

The inclusion of adjacent strategies such as GP stakes and portfolio financing in volume reports shows how what matters to secondaries market participants is evolving.

The Nordic PE firm, which was among the first private markets managers to embrace ESG, has raised €588m to acquire two assets from its fifth flagship fund.