Market Overview

HarbourVest Partners Hires James Athanasoulas as Managing Director, Expanding Private Credit Team


HarbourVest Partners, a global private markets asset manager, today
announced that James (Jamie) Athanasoulas has joined the firm as a
Managing Director. Based in Boston, Jamie will join Managing Director,
Peter Lipson, to help lead the continued growth of the firm's private
credit investment program and team. The credit business leverages
HarbourVest's decades of experience and relationships with private
equity general partners to offer tailored financing solutions.
HarbourVest's private credit program complements the firm's existing
business practices, offering investors access to a new asset class
characterized by differentiated credit deal flow, capital preservation,
and current income.

"The private credit asset class has grown significantly in recent years,
becoming one of the most attractive areas of the private markets for
institutional investors seeking yield," said John Toomey, Managing
Director, HarbourVest. "We're excited to have Jamie bring his 20 years'
of middle market expertise to HarbourVest as we continue to build our
credit capabilities to support our clients' needs in both commingled
fund and SMA formats."

"We are pleased to bring Jamie's industry perspective and network to our
team," said Peter Lipson, Managing Director, HarbourVest. "Providing our
clients with access to private credit is central to our firm's strategy,
and with his leadership, we will continue to build out the team and our
credit product offering to help achieve that goal."

Prior to joining HarbourVest, Jamie was a Managing Director at Bain
Capital Credit, formerly known as Sankaty Advisors, where he originated,
structured, and underwrote private debt and equity investments in the
middle market. Prior to joining Bain Capital Credit, he was a Manager
with Bain and Company where he focused a considerable amount of his time
in the private equity group. Jamie received a BA from Georgetown
University and an MBA from the Tuck School of Business at Dartmouth.

"I'm excited to be joining HarbourVest at this pivotal point in its
evolution," said Jamie Athanasoulas, Managing Director, HarbourVest.
"The firm occupies a unique position in the industry based on its many
years of experience with private equity general partners and I look to
strengthen those relationships with credit capabilities."

The combination of private equity sponsors' need for lending partners to
complete deals and institutional investor appetite for private credit
allocations to capture yield has led to growing demand for this asset
class. HarbourVest has committed more than $500 million to 30 private
credit direct investments since 20031. In 2014, after years
of making private credit investments through various programs with
broader mandates, HarbourVest created a dedicated program focused on
junior credit investments complemented by an equity component.
HarbourVest closed this dedicated private credit fund, Mezzanine Income
Fund I, at its hard cap of $375 million in April 2017.

For more information about HarbourVest's private credit business, please


HarbourVest is an independent, global private markets asset manager with
more than 35 years of experience and more than $50 billion in assets
under management. The Firm's powerful global platform offers clients
investment opportunities through primary fund investments, secondary
investments, and direct co-investments in commingled funds or separately
managed accounts. HarbourVest has more than 400 employees, including
more than 100 investment professionals across Asia, Europe, and the
Americas. This global team has committed more than $34 billion to
newly-formed funds, completed over $19 billion in secondary purchases,
and invested over $8 billion directly in operating companies. Partnering
with HarbourVest, clients have access to customized solutions,
longstanding relationships, actionable insights, and proven results.

These materials do not constitute an offer to sell or the solicitation
of an offer to buy interests in any fund or any other investment product
sponsored by HarbourVest Partners L.P. or its affiliates
("HarbourVest"), hereafter referred to as the "Fund". Any offering of
interests in the Fund will be made by means of delivery of a
confidential Private Placement Memorandum or similar materials that
contain a description of the material terms of such investment and
subscriptions will be accepted solely pursuant to definitive
documentation. These materials do not purport to contain all the
information relevant to evaluating an investment in the Fund. No sale
will be made in any jurisdiction in which the offer, solicitation, or
sale is not authorized or to any person to whom it is unlawful to make
the offer, solicitation, or sale. Offers and sales of interests in the
Fund will not be registered under the laws of any jurisdiction and will
be made solely to "qualified purchasers" as defined in the U.S.
Investment Company Act of 1940, as amended. These materials are highly
confidential and may not be reproduced or redistributed in any format
without the express written approval of HarbourVest. An investment in
the Fund involves a high degree of risk and therefore should be
undertaken only by prospective investors capable of evaluating the risks
of the Fund and bearing the risks such an investment represents. There
can be no assurance that the Fund will be able to achieve its investment
objectives or that the investors will receive a return on their capital.

For additional legal and regulatory disclosures, please refer to

1 Source: HarbourVest as of March 31, 2018. Includes all
private credit direct investments made by HarbourVest since January 1,
2003, excluding certain custom accounts that may make investments
outside of HarbourVest's core private credit direct investment strategy,
(e.g., industry, sourcing, return profile). Past performance is not a
reliable indicator of future results.

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