HarbourVest Partners announced it has raised $2.4 billion for new funds, including a real estate fund and a venture capital fund.
The firm gathered $1.4 billion for its latest real estate fund, HarbourVest Real Estate Fund VII. This fund will focus on acquiring and developing properties. An additional $1 billion was raised for HarbourVest Venture Capital Fund X, which will invest in early-stage technology companies.
In other industry news, Apollo-backed Brightspeed is reportedly planning to use asset-backed securitization to finance its ongoing fiber optic network build-out.