HarbourVest Partners announced it has closed HarbourVest Partners Structured Solutions 2025, an investment vehicle with the capacity to invest $1.1 billion in diversified private market secondaries spanning private equity and private credit.
The firm said its Structured Solutions program combines HarbourVest’s investment strategies for a broad range of institutional investors and is designed to expand access to private market secondaries through a single vehicle.
HarbourVest described the strategy as 100% private-market secondaries across private equity and private credit, designed for high diversification. The firm said the portfolio construction targets exposure to 4,000+ companies, 400+ funds, 100+ GPs, and 10+ vintages.
Regarding financing and capitalization, HarbourVest said that HarbourVest and Ares Alternative Credit funds have agreed to capitalize the vehicle, while funds managed by Blackstone Credit and Insurance are providing senior financing. HarbourVest listed Debevoise & Plimpton as legal counsel and Evercore as financial advisor.
HarbourVest positioned the close as a response to institutional demand for more tailored, structured approaches to secondaries exposure, particularly as investors look to manage liquidity, pacing, and portfolio construction across private markets.
KEY QUOTES
“We are thrilled to partner with Ares and BXCI on this innovative structured solution that we believe meets the evolving needs of institutional investors seeking tailored exposures to private market secondaries.”
Jeff Keay, Chairman of HarbourVest’s Secondaries Investment Committees
“We are pleased to provide our scaled, flexible capital to support a HarbourVest-managed vehicle, building on our longstanding relationship. This transaction is a testament to growing demand for innovative fund finance solutions, and we look forward to deepening our participation in this expanding market.”
Richard Sehayek, Partner and Co-Head of European Alternative Credit at Ares
