Randy Parker has joined HarbourVest Partners as a principal focused on investments in real estate private equity funds and related opportunities. He previously was a managing director of Composition Capital Partners, a Dutch real estate fund-of-funds manager.
HarbourVest Partners, LLC (the “Firm”), a leading global alternative investment firm, today announced that Mr. Randy Parker has joined the Firm as a Principal. Mr. Parker will focus on investments in real estate private equity funds and related opportunities.
HarbourVest, which has managed private equity investments for more than 25 years, is expanding its investment scope to include real estate fund investments. Investing in real estate funds is a natural extension of the Firm's broad global platform, which includes venture, buyout, mezzanine debt, and distressed debt, accessed through primary partnerships, secondary purchases, and direct investments. The Firm intends to leverage its extensive experience evaluating and selecting fund managers and its established investment process to select real estate partnership investments. The broader focus within the alternative investment arena is consistent with the Firm's strategy of utilizing the team's investment expertise and long-term relationships to provide a high-quality, comprehensive product offering for institutional investors.
“Real estate investing is a continuation of HarbourVest's development and reinforces our role as a leader in the industry,” said Kevin Delbridge, a Senior Managing Director of HarbourVest. “Throughout our history, we have continued to evolve