HarbourVest in talks to enter direct lending market

The US-based fund of funds manager is considering a direct mezzanine programme

HarbourVest Partners is in talks to make mezzanine investments, according to a person familiar with the situation, amid rising investor appetite for the product.

The US-based fund of funds manager is considering a direct mezzanine programme, which will target the same deal flow that the firm views for its direct equity investments, the person said. The firm is having selective conversations with investors who have shown strong interest, the person added.

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