HarbourVest Partners announced the final close of its thirteenth U.S. flagship primary fund, HarbourVest Fund XIII, with approximately $2.4 billion in total capital commitments.

The fund attracted strong participation from a global base of institutional and private wealth investors and will invest across both buyouts and venture capital. The strategy is centered on primary fund commitments, complemented by secondaries and direct co-investments to enhance liquidity and support a balanced return profile over the life of the fund.

Fund XIII builds on HarbourVest’s long-standing focus on primary investing, a core component of its platform since launching its first fund in 1982. The firm leverages its global network, manager relationships, and disciplined investment approach to construct diversified portfolios across sectors, geographies, stages of company development, and vintages.

Manager selection remains a central element of HarbourVest’s strategy, with the firm emphasizing access to top-tier fund managers as a key driver of long-term performance in private markets.

The venture portion of Fund XIII closed above target, reflecting strong investor interest in gaining exposure to high-growth sectors such as artificial intelligence, cybersecurity, biotechnology, and deep tech, where innovation continues to accelerate.

HarbourVest, which manages approximately $150 billion in assets globally, continues to expand its private markets platform across primary funds, secondaries, co-investments, real assets, infrastructure, and private credit.

KEY QUOTES:

“HarbourVest was built on the idea that manager selection drives outcomes in private markets, and that belief has shaped our platform since 1982. Over more than four decades, we’ve developed the relationships, scale, and discipline required to deliver on that vision. Fund XIII reflects that legacy, bringing together diversified exposure and disciplined portfolio construction in a way that has defined our multi manager fund investing approach since the beginning.”

Eric Simas, Managing Director, HarbourVest Partners

“Successful venture investing requires access to top managers and the ability to identify the next generation of leaders early to generate consistent returns across cycles. From new company creation to growth-stage opportunities, venture offers compelling entry points into future market leaders. With innovation accelerating across AI, cybersecurity, biotech, and deep tech, we see compelling investment opportunities today.”

Amanda Outerbridge, Managing Director, HarbourVest Partners