HarbourVest Partners’ $3 Billion Fund V Formation

Debevoise advised HarbourVest Partners in the formation of HarbourVest Partners Co-Investment Fund V.

The newly-formed $3 billion fund will create a global, diversified portfolio of direct co-investments in buyout, growth equity, and other private markets transactions alongside top-tier private markets managers.

HarbourVest is an independent, global private markets investment specialist with over 35 years of experience and more than $63 billion in assets under management, as of September 30, 2019. The Firm’s powerful global platform offers clients investment opportunities through primary fund investments, secondary investments, and direct co-investments in commingled funds or separately managed accounts. This global team has committed more than $39 billion to newly-formed funds, completed over $22 billion in secondary purchases, and invested over $14 billion directly in operating companies.

The Debevoise team was led by investment management partner Andrew Ahern (Picture) and includes partners David Schwartz and Patricia Volhard, counsel Jason Auerbach and associates Kevin Ellis, Jonathan Miu and Colleen Traflet, with assistance provided by law clerk Alex Henry. Partner Michael Bolotin and associate Adam Namm advised on tax matters. Partners Lawrence Cagney and Franklin Mitchell advised on executive compensation matters.

Involved fees earner: Andrew Ahern – Debevoise & Plimpton; Jason Auerbach – Debevoise & Plimpton; Michael Bolotin – Debevoise & Plimpton; Lawrence Cagney – Debevoise & Plimpton; Kevin Ellis – Debevoise & Plimpton; Franklin Mitchell – Debevoise & Plimpton; Jonathan Miu – Debevoise & Plimpton; Adam Namm – Debevoise & Plimpton; David Schwartz – Debevoise & Plimpton; Colleen Traflet – Debevoise & Plimpton; Patricia Volhard – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: HarbourVest Partners, LLC;

Author: Ambrogio Visconti