Scott (HarbourVest) - Unknown Last Name
speaker
382 appearances
1 recordings
1 series
first heard Jul 2026
last heard 27 Jul
Scott (HarbourVest) - Unknown Last Name’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
But anyway, on the primary side, that's where you're paying two and a half and 25, let's call it.
As a direct co-investor, terms vary there.
Sometimes as a co-investor, we will get fee-free, carry-free access.
Sometimes it's fee and carry, sometimes it's just carry.
And then on the secondary side,
There is a fee for the manager that manages the secondary fund, but there's usually not a fee associated with the interest that you're buying.
If you're an executive who's looking for liquidity, you're selling out, and who's ever buying it might be charging their investor a fee.
You're not paying a fee to access that.
That's right.
It is.
And if you think about it, it's a very elegant solution.
So if you have a $5 billion fund, you have to run a certain type of fund model to satisfy that.
the portfolio construction and volume that $5 billion fund requires.
If you've got a $500 million fund or a $300 million fund, but you have sophisticated LPs around the table who have hunger for co-invest and are predictable in how they'll behave with that co-invest, it allows you to run your fund in more of a boutique way, like a $300 million fund.
But when you need to scale up, you've got that optionality available to you through your limited partners.
And that frankly is a benefit for the limited partner because they're probably getting...
similar access to companies at reduced economics because of the co-invest that they're deploying.
First, in venture co-invest, you have to have much more of an informed point of view before you even see the deal, right?
So it's not like KKR is bringing you a buyout deal.
You've never seen it before, but you can underwrite the fundamentals.
Showing 161–180 of 382 · page 9 of 20
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