PSERS Recommends HarbourVest Strategic Investment Partnership
Pennsylvania Public School Employees Retirement System | Commonwealth of PennsylvaniaState · Harrisburg, PA- Disclosed value
- Up to $200 million to HarbourVest Co-Investment Fund VII LP; up to $200 million to a PSERS-specific strategic co-investment sidecar vehicle; additional legacy exposure transfers subject to a $1 billion NAV cap
- From minutes
- Document date
- Dec 11, 2025
The 30-second brief
The Investment Committee recommended establishing a separately managed account with HarbourVest Partners, including up to $400 million in specified co-investment commitments and structures for legacy exposure management. Final terms remain subject to legal due diligence and approval.
Harbourvest Partners LLC holds this financial services contract with Pennsylvania Public School Employees Retirement System | Commonwealth of Pennsylvania. 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.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $200 million to HarbourVest Co-Investment Fund VII LP; up to $200 million to a PSERS-specific strategic co-investment sidecar vehicle; additional legacy exposure transfers subject to a $1 billion NAV cap
- Document date
- December 11, 2025
- Vendor
- Harbourvest Partners LLC
- Source document
- Public School Employees' Retirement System Minutes Investment Committee Meeting 2025-12-11 (Minutes)
Harbourvest Partners LLC's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Pennsylvania Public School Employees Retirement System | Commonwealth of Pennsylvania?
Harbourvest Partners LLC was awarded this financial services contract by Pennsylvania Public School Employees Retirement System | Commonwealth of Pennsylvania, as recorded on December 11, 2025. The contract value is Up to $200 million to HarbourVest Co-Investment Fund VII LP; up to $200 million to a PSERS-specific strategic co-investment sidecar vehicle; additional legacy exposure transfers subject to a $1 billion NAV cap.
How much is the Harbourvest Partners LLC contract with Pennsylvania Public School Employees Retirement System | Commonwealth of Pennsylvania worth?
The Harbourvest Partners LLC contract with Pennsylvania Public School Employees Retirement System | Commonwealth of Pennsylvania is valued at Up to $200 million to HarbourVest Co-Investment Fund VII LP; up to $200 million to a PSERS-specific strategic co-investment sidecar vehicle; additional legacy exposure transfers subject to a $1 billion NAV cap, 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 Public School Employees' Retirement System Minutes Investment Committee Meeting 2025-12-11 (Minutes), dated December 11, 2025 from Pennsylvania Public School Employees Retirement System | Commonwealth of Pennsylvania. 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 Pennsylvania Public School Employees Retirement System | Commonwealth of Pennsylvania currently buying?
Explore Pennsylvania Public School Employees Retirement System | Commonwealth of Pennsylvania's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.