HarbourVest Partners, a global private markets investment firm with over $147 billion in assets, announced Venu Krishnamurthy as Managing Director and Head of Global Private Wealth. He will report to the CEO and oversee all aspects of the wealth business, including sales, marketing, operations, and client service.
As private markets evolve from ‘alternative’ to a core holding, both wealth and institutional investors seek diversified exposure. HarbourVest, a leader in private markets investing, is well-positioned for this shift.
Krishnamurthy has nearly 30 years of experience in financial services, holding senior roles at major wealth and asset management firms. Before HarbourVest, he was the Global Head of BlackRock’s Aladdin Wealth. He also spent over a decade at Citi, rising to President of Citigold Wealth Management, after starting as an engineer at IBM and working at McKinsey and BCG.
He holds a bachelor’s from the National Institute of Technology, Surathkal, and an MBA from IIM Ahmedabad. Krishnamurthy takes over from Alex Rogers, who will now focus solely on his role as Chief Strategy Officer. HarbourVest has been active in private wealth management for over 15 years, offering a diversified range of products globally. Krishnamurthy will lead and expand the firm’s platform.
KEY QUOTES:
“Interest has been particularly strong in the wealth market. There is considerable appetite in adding private investments as a core holding as public markets have narrowed and have been dominated by a few select companies. We’ve had a strong response from both our existing and potentially new wealth partners. We are excited to have Venu join us to accelerate and deepen our efforts in this important and growing market.”
John M. Toomey Jr., CEO of HarbourVest Partners
“Private markets are undergoing significant shifts, with innovations in product design and delivery opening the door for individual investors to access the long-term potential of this asset class. I’m excited to join HarbourVest, a firm with a strong heritage and global platform, at the forefront of this transformation.”
Venu Krishnamurthy
