Private Equity
HarbourVest's $4.75B Co-Investment Close Signals a New High in LP Demand
HarbourVest Partners just closed its seventh direct co-investment program, HCF VII, at $4.75 billion. That's 19% above the fund's original $4 billion target. When a program this size clears its hard c
Jeff Barnes, MBA··10 min read
Alternative Investments
Fund of Funds Explained: When Double Fees Make Sense (And When They Don't)
Put $1 million into a typical private equity fund charging 2% management fees and 20% carried interest. That fund then invests through a fund of funds structure that charges another 1% management fee and 10% carry on...
Jeff Barnes, MBA··10 min read