Alternatives

HarbourVest adds managing director to expand credit capabilities

Karen Simeone has joined alternative investment firm HarbourVest Partners as a managing director, said Chris Gillick, spokesman, in an email.

It is a new position to expand HarbourVest's senior credit investing capabilities.

Ms. Simeone was a managing director with TCW Group's direct lending business. TCW has not yet replaced Ms. Simeone, said TCW spokesman Doug Morris in an email.

HarbourVest has about $50 billion in assets under management. It has invested more than $550 million in 32 private credit direct investments since 2003.