Dry Powder: The Private Equity Podcast
Few people have a more comprehensive view of private markets than John Toomey. As CEO of HarbourVest, he leads a firm that backs fund managers, buys stakes from investors looking for liquidity, and invests directly alongside sponsors.
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“At HarbourVest we invested $11 billion into the secondary market last year,” John says, “and half of that, $5.5 billion, into the CV market.”
That gives John a rare view of how capital moves through the industry and how the same asset can look strikingly different depending on where you sit.
“I don’t know that there’s another manager that has the experience that we have, the types of archetypes and insights that we use to decide when we invest our investors’ capital,” he says.
Today on Dry Powder, I ask John how that perspective translates into better investment decisions, where HarbourVest sees its next wave of growth, and how it plans to expand into areas like growth equity and credit secondaries.
The Private Equity Podcast
In our podcast series, Bain's Hugh MacArthur interviews leading experts on the trends and opportunities that will redefine the private equity industry.