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Planned $5M Harbourvest Commitment Recommended for Cancellation

City of Southfield logoCity of Southfield
Disclosed value
$5,000,000 (planned commitment to be canceled)
From minutes
Document date
Nov 15, 2022

The 30-second brief

What it covers

The Retirement System’s investment consultant advised canceling a planned $5,000,000 commitment to Harbourvest because a side letter issue remains unresolved. The Board will review other options in an asset allocation study scheduled for January.

Who holds it

HARBOURVEST holds this financial services contract with City of Southfield. Its other public contracts on record include work for Town of Belmont and Louisiana Firefighters Retirement System Board of Trustees | State of Louisiana.

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Contract details

Contract type
Financial Services
Amount
$5,000,000 (planned commitment to be canceled)
Document date
November 15, 2022
Vendor
HARBOURVEST
Agency
City of Southfield
Source document
Southfield Fire and Police Retirement System Board Regular Meeting Minutes 2022-11-15 (Minutes)

HARBOURVEST's other public contracts

Town of Belmont, MassachusettsBelmont Board Schedules HarbourVest Investment Report · Oct 24, 2026UndisclosedLouisiana Firefighters Retirement System Board of Trustees | State of Louisiana, LouisianaFRS Board to Discuss HarbourVest Investment Implementation · May 14, 2026UndisclosedHousing Authority of Calvert county, MarylandSheriff’s Pension Commits $2.5M to HarbourVest · Mar 12, 2026$2.5MHousing Authority of Calvert county, MarylandERP Approves $1M HarbourVest Co-Investment Commitment · Mar 12, 2026$1MHousing Authority of Calvert county, MarylandOPEB Trust Approves $3M HarbourVest Commitment · Mar 12, 2026$3MAll HARBOURVEST contractsVendor profile

More City of Southfield contracts

Boyd WattersonBoyd Watterson Invoice Approved for Asset Management · Sep 14, 2026$8.9KIFEBPIFEBP Membership Renewal Approved · Sep 14, 2026$1.4KPIARetirement system asset management invoice to PIA · Aug 18, 2026$13.6KWCMQuarterly asset management payment to WCM · Aug 18, 2026$19.6KNISBoard Approves NIS Asset Management Payment · Aug 11, 2026$10.8KAll City of Southfield activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Southfield?

HARBOURVEST was awarded this financial services contract by City of Southfield, as recorded on November 15, 2022. The contract value is $5,000,000 (planned commitment to be canceled).

How much is the HARBOURVEST contract with City of Southfield worth?

The HARBOURVEST contract with City of Southfield is valued at $5,000,000 (planned commitment to be canceled), 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 Southfield Fire and Police Retirement System Board Regular Meeting Minutes 2022-11-15 (Minutes), dated November 15, 2022 from City of Southfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does HARBOURVEST hold?

HARBOURVEST 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 Southfield currently buying?

Explore City of Southfield's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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