Pennsylvania Public School Employees Retirement System | Commonwealth of Pennsylvania Awards Financial Services Contract to Harbourvest Partners LLC (December 2025)
Pennsylvania Public School Employees Retirement System | Commonwealth of PennsylvaniaState · Harrisburg, PA- Disclosed value
- Not to exceed $200 million for HarbourVest Co-Investment Fund VII LP; not to exceed $200 million for a PSERS-specific strategic co-investment sidecar vehicle; legacy exposure transfer vehicle capped at $1 billion
- From minutes
- Approved
- Dec 12, 2025
The 30-second brief
PSERS approved a separately managed account with HarbourVest Partners, LLC covering up to $400 million in co-investment commitments and related investment vehicles. The arrangement also permits limited partnerships for co-investments and management of selected legacy private-equity exposures.
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
- Not to exceed $200 million for HarbourVest Co-Investment Fund VII LP; not to exceed $200 million for a PSERS-specific strategic co-investment sidecar vehicle; legacy exposure transfer vehicle capped at $1 billion
- Document date
- December 12, 2025
- Vendor
- Harbourvest Partners LLC
- Source document
- Public School Employees' Retirement Board Minutes Board Meeting 2025-12-12 (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 12, 2025. The contract value is Not to exceed $200 million for HarbourVest Co-Investment Fund VII LP; not to exceed $200 million for a PSERS-specific strategic co-investment sidecar vehicle; legacy exposure transfer vehicle capped at $1 billion.
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 Not to exceed $200 million for HarbourVest Co-Investment Fund VII LP; not to exceed $200 million for a PSERS-specific strategic co-investment sidecar vehicle; legacy exposure transfer vehicle capped at $1 billion, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Public School Employees' Retirement Board Minutes Board Meeting 2025-12-12 (Minutes), dated December 12, 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.