Harbourvest Cleantech FOF Preparing for Close

Boston-based HarbourVest Partners is preparing to hold a final close on its new cleantech fund. The firm has raised $139 million in commitments to date and is waiting to hear on one or two potential commitments before holding a final close, a source familiar with the situation said.

Harbourvest launched fundraising just over a year ago with a target of $150 million and hard cap of $250 million. peHUB first flagged the fund in March 2009. The management company, called HarbourVest Cleantech Associates, was formed in April 2008. Harbourvest declined to comment.