HarbourVest continues 2021 international expansion with German office launch

7

The $76bn-managing investment house HarbourVest Partners has launched its second international expansion of the year with the opening of a Frankfurt office.

The new German base, which follows the launch of its Singapore office in May, brings HarbourVest’s global footprint to 12 locations across the EMEA, Americas and Asia-Pacific.

HarbourVest has been active in the German market for over 30 years through investments and management of capital for pension funds, insurance companies and family offices in the country.

Firm managing director Peter Wilson said, “The German market is one of the strongest and most influential in Europe with institutional, private client, and wealth management channels continuously increasing their allocation to private markets and seeking innovative solutions from investment managers.

“This is an exciting stage in our evolution as we continue to grow our capabilities across EMEA and further deepen our connections with German clients.”

The Frankfurt team will be led by HarbourVest managing director Olav König, pictured, alongside newly appointed principal Martina Schliemann, who brings 23 years of local market experience working with German managers and investors.

HarbourVest had more than $76bn in assets under management at the start of April, across private equity, private credit and real assets.

Recent fundraising activity from the firm includes beating the $600m target for its Credit Opportunities Fund II in May by reaching an $833m final close.

Copyright © 2021 AltAssets

Get the latest PE News & Research delivered to your inbox every morning