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Lead Sponsor

topic on 1 show · 3 statements across 1 episodes

Capital Allocators

3 statements about Lead Sponsor, every show

CAPITAL ALLOCATORS Disclosure
Toomey: HarbourVest walked away from impaired co-investments in 2001 and 2009
“We certainly have had investments where we've had to make the tough call to walk away from, right? We had a different view than the lead sponsor. We generally follow the sponsor and those situations, but we are fiduciaries. And so if we think that the risk rew…”
John Toomey Jun 21, 2021 ▶ 32:17 Private Equity Masters 1: John Toomey – HarbourVest Partners (Capital Allocators, EP.200)
CAPITAL ALLOCATORS Insight
Co-investments where the lead sponsor holds only 20% lack sufficient alignment
“And the lead sponsor, this again, back to alignment, if the lead sponsor is 20% of the capital and co-investors are 80% of the capital, that's not very good alignment.”
John Toomey Jun 21, 2021 ▶ 31:54 Private Equity Masters 1: John Toomey – HarbourVest Partners (Capital Allocators, EP.200)
CAPITAL ALLOCATORS Disclosure
Toomey: HarbourVest rarely holds co-investments after lead sponsor exits
“We have no Likely no desire to remain an owner of those investments after the lead sponsor has exited.”
John Toomey Jun 21, 2021 ▶ 29:01 Private Equity Masters 1: John Toomey – HarbourVest Partners (Capital Allocators, EP.200)

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