Key Takeaways
- • HarbourVest Partners has hired Peter Larsen as managing director and head of infrastructure distribution, joining from Hamilton Lane, where he was managing director, real assets.
- • Larsen spent more than 17 years at Hamilton Lane, where he led capital formation across infrastructure and real estate in closed-end and evergreen strategies.
- • The appointment reflects the growth of HarbourVest's infrastructure platform, established in 2015, as investors seek non-correlated private markets exposure.
- • In the new role, Larsen will act as the bridge between the infrastructure investment team and HarbourVest's global investor relations organisation.
Summary
HarbourVest Partners has hired Peter Larsen as managing director and head of infrastructure distribution, according to the firm's announcement reported by Alternative Credit Investor. Larsen joins from Hamilton Lane, where he was managing director, real assets. The global private markets asset manager said the appointment reflects the growth of its infrastructure platform as investors seek to diversify their private markets portfolios with non-correlated offerings.
HarbourVest established its infrastructure platform in 2015, offering closed-end and evergreen funds across primaries, secondaries, and co-investment vehicles. In his new role, Larsen will serve as the "bridge" between the infrastructure investment team and HarbourVest's global investor relations organisation. His remit includes driving strategy, strengthening relationships with investors and consultants, and identifying growth opportunities in the sector.
At Hamilton Lane, which he left after more than 17 years, Larsen led capital formation across infrastructure and real estate in closed-end and evergreen strategies. He previously served as a partner at Atlantic-Pacific Capital, where he led fundraising and sales strategy for several years.
Tim Flower, managing director and head of infrastructure at HarbourVest, said investors are increasingly seeking diversified infrastructure exposure across strategies, sectors and geographies, and that the asset class has a low correlation to other private markets strategies. Flower added that Larsen's experience as both an investor and a capital raiser gives him "exceptional perspective" in helping clients build resilient, long-term exposure.
The announcement follows HarbourVest's appointment last month of Tony Ranaldi as managing director of evergreen portfolio management, responsible for leading portfolio management for the firm's private credit evergreen strategy.
HarbourVest established its infrastructure platform in 2015, offering closed-end and evergreen funds across primaries, secondaries, and co-investment vehicles. In his new role, Larsen will serve as the "bridge" between the infrastructure investment team and HarbourVest's global investor relations organisation. His remit includes driving strategy, strengthening relationships with investors and consultants, and identifying growth opportunities in the sector.
At Hamilton Lane, which he left after more than 17 years, Larsen led capital formation across infrastructure and real estate in closed-end and evergreen strategies. He previously served as a partner at Atlantic-Pacific Capital, where he led fundraising and sales strategy for several years.
Tim Flower, managing director and head of infrastructure at HarbourVest, said investors are increasingly seeking diversified infrastructure exposure across strategies, sectors and geographies, and that the asset class has a low correlation to other private markets strategies. Flower added that Larsen's experience as both an investor and a capital raiser gives him "exceptional perspective" in helping clients build resilient, long-term exposure.
The announcement follows HarbourVest's appointment last month of Tony Ranaldi as managing director of evergreen portfolio management, responsible for leading portfolio management for the firm's private credit evergreen strategy.
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