LP profile

HarbourVest Partners

Fund of fund · Founded 1982 · Boston, United States

#2 LP Ranking #1 of 264 funds of funds

Private equity fund of funds

Website ↗LinkedIn ↗

341 VC firms backed

$144B AUM

~$36B Allocated to VC (est. 25%)

01 · Background

Who HarbourVest Partners is.

Historical Background: HarbourVest was founded in 1982 as Hancock Venture Partners, a subsidiary of John Hancock Insurance. In 1997, the firm spun out of John Hancock Insurance and was established as an independent entity.
Source of Capital: HarbourVest's capital is sourced from a global institutional client base. The firm manages capital on behalf of institutions, offering them access to a diversified portfolio of private market investments.
Major Events: HarbourVest has engaged in a number of secondary market transactions, including leading the restructuring of Kibo Ventures Fund I and Motion Equity Partners. The firm was the sole lead on a $1.1 billion continuation vehicle for Aquiline Capital Partners. In 2019, HarbourVest acquired a 100% stake in Club Travel, a provider of travel and destination services.
Allocation Strategy: HarbourVest's investment approach is centered on global private markets, with a focus on private equity, private credit, and real assets. The firm employs a long-term perspective, utilizing a rolling five-year strategic asset allocation framework to guide its investment decisions. The allocation strategy is diversified across geographies, including North America, Europe, and Asia, and encompasses various sub-strategies within private markets to optimize risk-adjusted returns.

Sources

02 · Fund commitments

The funds HarbourVest Partners backs.

HarbourVest Partners is a limited partner in 341 funds. 55 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

Lightspeed Venture Partners

United States

#7 Power Law

New Enterprise Associates

Bessemer Venture Partners

Bain Capital Ventures

Qiming Venture Partners

Amadeus Capital Partners

United Kingdom

#466 Power Law

AAC Capital

Netherlands

Abénex Capital

France

Aberdeen

United Kingdom

Abingworth

United Kingdom

Accretive Capital Partners

Actera Group

Türkiye

Actis

United Kingdom

Advantage Partners

Japan

Alcuin Capital Partners

United Kingdom

Ambienta

Italy

American Capital

Anchorage Capital Partners

Australia

Apax Partners

United Kingdom

Archer Capital

Australia

Avataar Venture Partners

India

Boyu Capital

China

Capital Square Partners

Singapore

CHAMP Ventures

Australia

Chrys Capital

India

Concord Ventures

Israel

Ethos Private Equity

South Africa

Evergreen Venture Partners

Israel

FIMI

Israel

Giza Venture Capital

Israel

Indigo Capital

Investcorp

Bahrain

Jerusalem Venture Partners

Israel

Palmfund Management

Pitango Venture Capital

Israel

Rockwood Private Equity

South Africa

Southern Cross Group

03 · Allocation

How HarbourVest Partners’ fund book is spread.

The 341 funds HarbourVest Partners backs, by where the manager is headquartered and how many funds that manager has raised.

Where those managers are based

By fund headquarters, across the 336 of 341 with a location on record.

North America 20561%
Europe 8826%
Rest of world 4313%

United States 194 · United Kingdom 45 · Canada 11 · France 9

How established those managers are

Managers grouped by how many funds they have raised — across the 191 of 341 with a fund history on record.

Emerging funds · 71

Established funds · 120

28 1

24 2

19 3

20 4

26 5-6

32 7-9

22 10-14

20 15+

Funds raised by the manager

04 · Knowledge graph

News Willow Tree closes $730M credit continuation vehicle led by HarbourVest Aug 6, 2026

News HarbourVest closes co-investment fund VII at $4.75B, beating $4B target Jul 10, 2026

News Version One Ventures closes $108M across two new funds Jun 2, 2026

05 · Exits

HarbourVest Partners’ biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from HarbourVest Partners’ transaction record.

NXP Semiconductors

$3.5B IPO · 2010

Now $69BMedia

Corpay

$2.0B IPO · 2010

Entered Series B+Now $33BFintech

Lu.com - Lufax

$33B IPO · 2020

Entered Series B+Now $5.6BFintech

CDW

IPO · 2013

Now $23BHealth

Wayfair

$2.4B IPO · 2014

Entered Series ANow $17BTelecom

Galderma

$16B IPO · 2024

Now $16BHealth

Mankind Pharma

$529M IPO · 2023

Now $14BHealth

Allegro

$11B IPO · 2020

Now $12BFashion

Ultimate Software

$159M IPO · 1998

Entered Series B+Now $11BJobs Recruitment

Nets

IPO · 2016

Now $9.2BFintech

Allfunds

$7.9B IPO · 2021

Now $5.8BFintech

Monday.com

$7.5B IPO · 2021

Entered Series B+Now $2.9BEnterprise Software

06 · Direct investments

The companies HarbourVest Partners backs directly.

HarbourVest Partners holds 146 companies directly, separate from the funds it commits to as a limited partner. Broken down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount

USA147
Canada20
Germany10
Israel7
UK7
India5
Poland3
Spain3
Sweden3
Belgium2
Bermuda2
China2

By sectorCount

Enterprise Software51
Fintech46
Health30
Marketing23
Telecom18
Media17
Energy11
Food10
Transportation10
Education9
Security8
Fashion7

By stage enteredCount

Series B+98
Series A20

By growth stageCount

Late Growth83
Breakout Stage61
Mature53
Early Growth33

07 · Portfolio market map

Inside HarbourVest Partners’ portfolio.

The 60 highest-funded portfolio companies, of 146 tracked.

Transportation · Unicorn

Lumilens

Semiconductors · Unicorn

$5.5B

Generate Biomedicines

Health · Unicorn

$2.0B

ThoughtSpot

Enterprise Software · Unicorn

Jana Small Finance Bank

Fintech

$655M

Sun King

Energy · Unicorn

$1.3B

Tomorrow.io

Enterprise Software · Unicorn

Janalakshmi

Fintech

$644M

Beacon Software

Enterprise Software · Unicorn

$1.0B

Outbrain

Media

$739M

Trellix

Marketing

$140M

Miovision Technologies

Transportation

$953M

The Hillman Companies

Food · Unicorn

$2.6B

Grande Communications

Telecom

$650M

Enterprise Software · Unicorn

Enterprise Software · Unicorn

$4.2B

SevOne, Inc.

Enterprise Software

$188M

Exaforce

Security

$725M

Health Dialog

Health

Aspen Insurance

Fintech · Unicorn

$3.5B

Intelex Technologies

Enterprise Software

Talent

Jobs Recruitment

$480M

Airspace

Transportation

$280M

FiveStars

Food

$105M

Photobox Group

Media

$528M

Roland Foods

Food

Appriss

Health

$358M

Ascender HCM

Enterprise Software

Signify Health

Health · Unicorn

$7.1B

Cequence Security

Security

$240M

Procurify

Fintech

$200M

Sepaton

Security

$8.0M

Qualifyze

Health

$100M

Mineral

Legal

$48M

Mimeo

Media

$100M

BenefitPoint

Fintech

$52M

Vertafore

Fintech · Unicorn

$5.3B

08 · Portfolio founders

Where HarbourVest Partners’ portfolio founders come from.

105 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount

United States64
Canada13
United Kingdom8
Israel6
Germany2
India2
Belgium1
China1
Czechia1
South Africa1

UniversityCount

Cornell University6
Stanford University5
Massachusetts Institute of Technology4
University of Waterloo4
Indian Institute of Technology Kanpur3
McGill University3
Rensselaer Polytechnic Institute3
University of Illinois Urbana Champaign3
Ben-Gurion University of the Negev2
Birla Institute of Technology and Science, Pilani2

Previous companyCount

McKinsey & Company4
Microsoft4
Alphabet | Google3
Aruba Networks3
Cisco3
Intel Corporation3
Juniper Networks3
Massachusetts Institute of Technology3
Blue Yonder2
BU Today2

09 · Other LPs

Other LPs.

Other funds of funds in the Power Law LP ranking, closest to HarbourVest Partners by combined power-law score — North America first, then the nearest worldwide.

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TTCP

LP rank #4 · United States

$7.0B AUM 86 VC funds backed

🇺🇸

Adams Street Partners

LP rank #6 · United States

$62B AUM 161 VC funds backed

🇺🇸

Lexington Partners

LP rank #12 · United States

$70B AUM 200 VC funds backed