HarbourVest
HarbourVest Partners | Private Equity Profile
The following piece on Brookstone Partners is being published as part of our Private Equity Tracker Tool, our daily effort to track private equity firms in the industry. HarbourVest Partners is a large private equity fund of funds and private equity investment manager.Resource #1: (8.18.2009) Fundraising cycles for large private equity houses are likely to lengthen as the slow pace of investment leaves many with unspent capital from previous funds, said the head of HarbourVest's fund of funds business in Europe.
Large private equity buyouts have ground to a halt in the wake of the credit crisis as debt funding for new deals has dried up. There were no European buyouts over $1 billion in the first six months of 2009, compared with 17 in the same period of 2008 and 36 in 2007, according to Thomson Reuters data.
As a result, many large buyout firms still have substantial capital to deploy from funds raised three or four years ago, said managing director George Anson. Source
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Link to This Resource: HarbourVest Partners
http://privateequityblogger.com/2007/08/harbourvest-partners.html