HarbourVest is seeking to raise $1bn for its latest infrastructure, according to an investor’s meeting document.
The Ventura County Employees’ Retirement Association (VCERA) has disclosed making a $75m commitment to HarbourVest Infrastructure Opportunities Fund III, a fund expected to have a first close on 9 October.
The amount of capital expected at the first close is currently unknown.
Fund III is expected to make secondary and direct investments in a variety of infrastructure located in either North America or Western Europe as it targets renewable energy, transportation, utilities, telecommunications, batteries and conventional power sectors.
VCERA has also approved a $25m commitment to Pantheon Global Infrastructure Fund IV. Pantheon Ventures is seeking to raise $3bn for Fund IV, a global investment fund that will target digital, power, utilities, transportation, renewables and social infrastructure assets located in North America, Europe and Asia.
VCERA disclosed in the meeting document that it has also made a real estate investment by placing $20m into the Bridge Debt Strategies Fund V.
Bridge is seeking to raise $2.5bn for that fund that will be investing in a mixture of Freddie Mac K-Series B-Piece securities and private multifamily debt.
The US real estate manager raised $2.9bn for a predecessor fund which closed in June 2022.
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