City of Coral Gables Awards $10,000,000 Financial Services Contract to Harbourvest Partners LLC (May 2023)
City of Coral GablesCity · Coral Gables, FL- Disclosed value
- $10,000,000
- From minutes
- Approved
- May 11, 2023
The 30-second brief
The Coral Gables Retirement Board authorized a $10 million commitment to HarbourVest Partners, LLC’s Dover XI secondary private equity fund. The investment will be managed over a 10-year term with potential one-year extensions and a 0.75% management fee on committed capital.
Harbourvest Partners LLC holds this financial services contract with City of Coral Gables. Its other public contracts on record include work for MassHousing Retirement Board | Commonwealth of Massachusetts and Teachers Retirement System of Louisiana Board of Trustees | State of Louisiana.
Term as filed: 10 years with four one-year extensions at option of general partner; investment period up to five years.
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Contract details
- Contract type
- Financial Services
- Amount
- $10,000,000
- Document date
- May 11, 2023
- Term
- 10 years with four one-year extensions at option of general partner; investment period up to five years
- Vendor
- Harbourvest Partners LLC
- Agency
- City of Coral Gables
- Source document
- Coral Gables Retirement System Minutes of May 11, 2023 (Minutes)
Harbourvest Partners LLC's other public contracts
More City of Coral Gables contracts
Questions about this contract
Who was awarded the financial services contract by City of Coral Gables?
Harbourvest Partners LLC was awarded this financial services contract by City of Coral Gables, as recorded on May 11, 2023. The contract value is $10,000,000.
How much is the Harbourvest Partners LLC contract with City of Coral Gables worth?
The Harbourvest Partners LLC contract with City of Coral Gables is valued at $10,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Coral Gables Retirement System Minutes of May 11, 2023 (Minutes), dated May 11, 2023 from City of Coral Gables. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Harbourvest Partners LLC hold?
Harbourvest Partners LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Coral Gables currently buying?
Explore City of Coral Gables's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.