HarbourVest Partners has closed its latest new secondaries fund, Dover Street X, at its $8.1 billion at its hard cap.
The fund was oversubscribed, a spokeswoman said in an email.
HarbourVest's new fund investing on the alternative investments secondary markets is 70% larger than its predecessor, Dover Street IX, which closed with $4.8 billion in 2016.
Limited partners in the fund consist of corporations, pension funds, endowments, foundations, sovereign wealth funds and ultra-high net worth private-sector investors. Investors in the fund include the $72.2 billion Michigan Retirement Systems, East Lansing; $37 billion Connecticut Retirement Plans & Trust Funds, Hartford; and the $5.8 billion Ventura County (Calif.) Employees' Retirement Association.