Private Equity Fund 2016 (“PE 2016”)
To provide long term capital appreciation through investment in equity securities that are not freely tradable on a public stock market.
Who Can Invest
Private Equity Fund 2016 is closed to new investors.
Who Might Want to Invest
An investor who:
- Wants to diversify a conservative portfolio by investing a portion of his or her money beyond the public securities markets and into private equity.
- Wants the potential for superior long-term returns and is willing to assume a higher level of risk.
- Can accept the illiquidity inherent in private equity investing.
40% – HarbourVest X
30% – Weathergage IV
30% – Portfolio Advisors Secondary Fund III
HarbourVest X is expected to consist of primary partnership investments in funds that pursue buyout, recapitalization, turnaround, special situations, and other private equity transactions in a way that creates broad time diversification within the portfolio.
Weathergage IV is a fund‐of‐funds located in Silicon Valley that will invest predominantly in US venture and growth capital funds. The investment program will seek to utilize Weathergage’s well established relationships with elite venture and growth firms and its ability to identify and access attractive new opportunities.
PASF III seeks to create a diversified portfolio of private equity limited partnerships purchased for a discount on the secondary market that will shorten the normal investment timeframe and result in shortened holding periods and provide immediate diversification across vintage years, industries and companies. PASF III may also invest in a limited number of direct private equity co‐investments if attractive risk-adjusted returns exist at the point of investment.