HarbourVest, the private markets investor, has reached a final close on its fourth co-investment fund at a hard cap of $1.75bn.

The firm was targeting $1bn for the new fund, HarbourVest Partners Co-Investment IV, which will invest alongside growth equity, buyout and mezzanine managers. The vehicle received support from more than 100 investors.

The fund has invested approximately 30 per cent of its capital in 11 co-investments alongside lead sponsors diversified across the Americas, Europe, and Asia.

Investments include EQT Partners’ purchase of Press Ganey, a healthcare database company, and ABRY Partners backing of Acrisure, a national retail insurance broker.