HarbourVest completes purchase, rebranding of BofA fund manager
February 05, 2016
HarbourVest Partners has acquired the BAML Capital Access Funds group, a private equity fund-of-funds manager and advisor, from Bank of America (NYSE: BAC). The business will now operate under the name HarbourVest Horizon but will continue its existing strategy of focusing on emerging and diverse managers in the lower middle market and underserved markets. A six-person investment team from the BAML funds group will also join HarbourVest as part of the deal.