Kevin Delbridge is planning to transition out of his senior managing director role with HarbourVest Partners, the fund-of-funds and secondary fund manager he has been with for more than 20 years. He will remain with the firm in a part-time capacity, as a senior advisor.
The move comes several months after Delbridge was named chairman of his alma matter, Western New England College.
“It’s not a fulltime job, but it’s at least a serious part-time job,” Delbridge says of the chairmanship. “I know some people would have just said that they are fulltime and worked fewer hours, but I just can’t operate that way.”
Delbridge’s transition becomes effective on January 1, and his LP advisory board positions will be filled by other HarbourVest staffers. Those relationships include: Accel Partners, Alta Communications, Camden Partners, CVC Capital Partners, Elevation Partners, Evercore Partners, Francisco Partners, New Enterprise Associates, Summit Partners, and Walden-Israel Management Company.
“I’m still interested in private equity, and part-time senior advisor could mean 25% or 75% of my time. I just don’t know yet,” he adds.