Debevoise Steers HarbourVest To $8.1B Close For Latest Fund

Law360 (October 14, 2020, 3:00 PM EDT) -- Boston-based HarbourVest said Wednesday it has sealed its latest secondary market-focused fund with $8.1 billion in commitments with guidance from Debevoise & Plimpton.

HarbourVest Partners LLC said in a press release that Dover Street X, the 10th fund in the firm's Dover Street program, was oversubscribed and closed at its hard cap, including a contribution from its general partner.

The company said that in its 35-year history, it has used more than $25 billion to fund secondary transactions, which help limited partners exit private equity funds by purchasing their existing commitment.

"Nearly 35 years after our first secondary transaction, it is...

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