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