The market is too competitive and those who bought stakes after the global financial crisis look like 'super smart money' now, the $65bn fund's director of investments Stephen Moseley tells Secondaries Investor.
Buyers are using levels of leverage that 'haven't been seen before', according to Mario Giannini.
The secondaries investors also committed to a blind-pool fund which the UK buyout firm will use for co-investments.
Secondaries Investor sat down with the winners from the most-talked about deal of the year, HarbourVest Partners, to discuss complex deals, what's next for the firm, and those three little letters: SVG.
US head Benoît Verbrugghe may think the global investment manager isn't as exotic as other firms, but there's nothing boring about being the biggest secondaries firm in the market.
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