North America

The firm was best positioned to know the asset well, which helped inform its ability to set an appropriate price, according to Kian managing partner Kevin McCarthy.

‘I can hand on heart say there has never been a deeper, more robust pipeline than the one that we have right now,’ HarbourVest’s Jeff Keay told Secondaries Investor on the back of its $15.1bn flagship raise.

The decision comes as part of ERS Texas’ continued commitment to the private equity asset class, bumping its fiscal year 2024 target up $50m from last year’s $600m targeted commitment.

Commonfund Environmental Solutions II has sleeves for private equity fund investments, direct and co-investments, secondaries and real assets.

The hires come after the asset manager brought on its first London-based, dedicated secondaries professional in April.

Secondaries activity for CFO bonds is light and could pick up if the stars align.

The transaction has been backed by capital from long-term yield-oriented institutions and not traditional secondaries firms.

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.