Insight

Harvest Partners wraps up ninth fund at $5.34bn

HP IX is 30 percent larger than the firm's previous private equity fund, which raised $4.1 billion of commitments in 2019 and has been fully deployed.

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  • The fund’s limited partners include pension funds, sovereign wealth funds, insurance companies, asset managers and family offices
  • Davis Polk & Wardwell LLP served as legal counsel for HP IX
  • Founded in 1981, Harvest Partners invests in the middle market

Harvest Partners LP has closed its ninth fund at $5.34 billion, beating its $5.25 billion target.

HP IX is 30 percent larger than the firm’s previous private equity fund, which raised $4.1 billion of commitments in 2019 and has been fully deployed.

The fund’s limited partners include pension funds, sovereign wealth funds, insurance companies, asset managers and family offices.

“I am immensely proud of the firm, the depth of our team and the outcome of the HP IX capital raise,” said Harvest CEO Michael DeFlorio in a statement. “We view the strong investor response to HP IX, our largest fund to-date, as recognition of the success of our strategy. We are grateful to our returning investors for their continued support and the many new investors who joined us in HP IX.”

Davis Polk & Wardwell LLP served as legal counsel for HP IX.

Founded in 1981, Harvest Partners invests in the middle market. Headquartered in New York City, Harvest has over $20 billion of assets under management.