Secondaries, Continuation Vehicles, and Sidecar Funds: Private Equity with HarbourVest’s Scott Voss

Scott Voss, Managing Director of Boston’s preeminent private markets firm HarbourVest, joins CJ for an in-depth exploration of secondaries, continuation vehicles, and sidecar funds. Scott starts by outlining HarbourVest's value proposition and investment strategies, covering primary investments, secondaries, and direct co-investments while underscoring the importance of private market access for diversified portfolios. He shares the framework HarbourVest uses to identify and support emerging fund managers ahead of their success, and the process of due diligence and evaluation. Scott sheds light on how continuation vehicles work in the private equity space and other trends or innovations he has identified. The discussion also covers the complexities of succession planning within private equity firms, the evolving landscape of global entrepreneurship and venture capital internationally, and Scott’s views on AI.

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TIMESTAMPS:

(00:00) Preview and Intro

(01:46) Sponsor – Operators Guild | Maxio

(05:02) HarbourVest’s Value Proposition

(09:39) Accessing the Private Market

(11:28) Investing in Early Fund Managers Ahead of Their Success

(13:13) The Process of Due Diligence and Evaluation

(14:20) Identifying Investments Versus the Ability to Access the Right People

(16:16) Sponsor – Leapfin | Mercury | NetSuite

(19:35) How Continuation Vehicles Work in the Private Equity Space

(23:27) Quality Versus Timing When It Comes to Continuation Vehicles

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