HarbourVest Partners opens Swiss office
Private markets asset manager HarbourVest Partners has opened an office in Zurich to support its institutional and private wealth clients in the region.
HarbourVest said that the expansion will address the growing demand from Swiss institutional and private wealth clients for broad-ranging investment solutions, including private credit.
The $125bn (£98.6bn) asset manager has been active in the Swiss market for nearly 40 years, investing in the country and managing capital for investors such as pension funds, insurance companies, wealth advisers, private banks and family offices.
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“We are pleased to be opening our office in Zurich and deepening our relationships with clients and investment partners in Switzerland,” said Peter Wilson, managing director at HarbourVest Partners. “As one of the world’s most dynamic economies, Switzerland’s robust investor base is a sophisticated market for the continued growth of private markets. This is an exciting stage in our firm’s global growth as we continue to expand access to our solutions to investors in new regions.”
The new office will be led by managing director Simon Jennings, who also leads the firm’s private client activities in EMEA and APAC. He joined the firm in 2017 with over 30 years of private markets experience.
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Most recently, he helped to launch the firm’s private equity open-ended evergreen solution designed for non-US institutional and high-net-worth investors.
“Institutional and wealth management have been deeply entrenched in the Swiss financial ecosystem for years,” said Jennings. “Our Zurich office is fully integrated in the firm’s global platform, providing clients with seamless access to our strategies. We are seeing demand for alternative investments accelerate in the region and look forward to working with local institutional investors and private wealth clients looking to access global private market opportunities.”
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