HarbourVest Partners Plants a Flag in Sydney
Posted on 09/21/2022
HarbourVest Partners revealed the opening of its office in Sydney, Australia. The new office comes as a response to the firm’s success in the region as institutional and private wealth clients in Australia and New Zealand increased their demand for the innovative investment solutions offered by the firm. The Sydney office represents HarbourVest’s first location in Australia and sixth in Asia Pacific. This expansion increases the firm’s global footprint to 13 locations across the Americas, EMEA, and Asia Pacific. The Sydney office is fully integrated into the firm’s global network, providing clients with access to primary funds, secondary transactions, direct co-investments, real assets and infrastructure, and private credit.
HarbourVest has engaged with Australian and New Zealand investors for over 35 years with US$ 6.9 billion of AUM raised to date from approximately 40 superannuation funds, endowments, other institutional clients, and family offices. This growth has accelerated in recent years with 13 new clients and US$ 1.8 billion AUM committed since 2019. The firm also invests locally in Australia on behalf of its global clients. The office will be led by Warwick Mancini, who will be responsible for the business development activities and client relationships in the region.
HarbourVest’s rival Lexington Partners L.P. does not have an Australia office.
