HarbourVest Seeks $3.5 Billion for Private Equity Co-Investing

HarbourVest Partners is seeking $3.5 billion for its sixth co-investment fund as institutional investors look to broaden their exposure to private equity deals.

The firm plans to make 40 to 55 investments in deals with alternative asset managers that focus primarily on North America and Europe, according to a meeting agenda for the Ventura County Employees’ Retirement Association. The investments will range from $55 million to $75 million.

Pension funds including Ventura County and the New Jersey State Investment Council are partnering with fund managers as they seek out pieces of private equity deals. The co-investing strategy allows them to ...