News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Private Equity

HarbourVest closes $4.7bn secondary fund

The fund was oversubscribed and closed above its hard cap of $4.25 billion

HarbourVest Partners has closed its ninth pool of capital to buy private equity fund stakes, easily exceeding its target size and the original hard cap.

The oversubscribed Dover Street IX LP gathered $4.77 billion, beating its $3.6 billion target, HarbourVest announced Monday. It originally had a $4.25 billion hard cap, WSJ Pro Private Equity reported in July.

WSJ Logo