Personal markets asset supervisor HarbourVest Companions has opened an workplace in Zurich to assist its institutional and personal wealth shoppers within the area.
HarbourVest stated that the growth will handle the rising demand from Swiss institutional and personal wealth shoppers for broad-ranging funding options, together with non-public credit score.
The $125bn (£98.6bn) asset supervisor has been lively within the Swiss marketplace for practically 40 years, investing within the nation and managing capital for buyers resembling pension funds, insurance coverage corporations, wealth advisers, non-public banks and household places of work.
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“We’re happy to be opening our workplace in Zurich and deepening {our relationships} with shoppers and funding companions in Switzerland,” stated Peter Wilson, managing director at HarbourVest Companions. “As one of many world’s most dynamic economies, Switzerland’s sturdy investor base is a classy marketplace for the continued development of personal markets. That is an thrilling stage in our agency’s world development as we proceed to increase entry to our options to buyers in new areas.”
The brand new workplace will probably be led by managing director Simon Jennings, who additionally leads the agency’s non-public consumer actions in EMEA and APAC. He joined the agency in 2017 with over 30 years of personal markets expertise.
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Most not too long ago, he helped to launch the agency’s non-public fairness open-ended evergreen resolution designed for non-US institutional and high-net-worth buyers.
“Institutional and wealth administration have been deeply entrenched within the Swiss monetary ecosystem for years,” stated Jennings. “Our Zurich workplace is absolutely built-in within the agency’s world platform, offering shoppers with seamless entry to our methods. We’re seeing demand for various investments speed up within the area and sit up for working with native institutional buyers and personal wealth shoppers seeking to entry world non-public market alternatives.”
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