40.1 F
February 24, 2024
PI Global Investments
Private Equity

HarbourVest’s Scott Voss Sees a Return to Core Strategies This Year

HarbourVest Partners, a Boston-based private markets investor founded in 1982, has navigated its share of private-equity market cycles. Now with more than $112 billion in assets under management, the firm is an active backer of both private-equity funds as well as deals. It has been investing out of HarbourVest Fund XII, a more than $3 billion pool raised in 2022 and a $4.2 billion co-investment fund closed that same year to back private-equity deals alongside other fund managers.

WSJ Pro Private Equity spoke to HarbourVest Managing Director Scott Voss about lessons learned from the last year—when overall private-equity fundraising sputtered—and going forward, the forces that stand to shape private equity and the decision-making at institutional investors that back the industry’s funds. In 2023, private-equity firms raised $556.1 billion globally, just a sliver above the $548.8 billion of 2022, though the number of funds raised plummeted by 48% to 593 last year, according to data provider PitchBook Data. Fund managers will face more competition for slices of a smaller investment capital pie this year, available data indicate.

Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Source link

Related posts

DIY investors can use arbitrage strategies too


Goldman Private Equity Veteran Beller Exits After 18 Years


Private equity firms buy majority stake in Baker Tilly US


Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.