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HarbourVest to buy second-hand fund stakes from CPPIB

Secondary deal volumes hit record levels in 2014; strong pricing helps bridge the gap between buyers and sellers

HarbourVest is headquartered in Boston
HarbourVest is headquartered in Boston

HarbourVest Partners has agreed to purchase a portion of a roughly $1.5 billion fund portfolio that the Canada Pension Plan Investment Board brought to the secondary market earlier this year, according to people familiar with the deal.

The Boston firm is buying stakes in funds managed by New York-based Welsh Carson Anderson & Stowe and European buyout shop PAI Partners, these people said.

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