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Dover Street X receives commitment from Korea’s SEMA

The Korean pension has backed HarbourVest's latest Dover Street PE secondaries vehicle.

Institution: SEMA
Headquarters: Seoul, South Korea
AUM: KRW5.99trn
Allocation to alternatives: 64.2%
Bitesize: $10-50m

SEMA has approved a $25 million commitment to Dover Street X, a contact at the pension informed Secondaries Investor.

HarbourVest Partners’ tenth series private equity secondaries fund is in market targeting $6.5 billion.

As illustrated below, this is SEMA’s second commitment to a secondaries vehicle, having previously committed to Aberdeen Standard Investments’ 2013-vintage European Secondaries Property Fund of Funds.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.