Successful Close of 10th Fund Reflects Strong Support of Firm’s Longstanding Focus on Investing in the Lower Middle Market
BOSTON–(BUSINESS WIRE)–HighVista Strategies, LLC (“HighVista”), an alternative asset manager pursuing specialized investments in public and private markets, today announced the final close of HighVista Private Equity X, LP. The fund closed on $675 million of commitments, including a sizeable GP commitment and other affiliated capital. HighVista Private Equity X received strong support from a broad group of longstanding investors, including pension funds, endowments, foundations, and family offices, in addition to welcoming several new investors into the program.
“We are deeply grateful for the support from our existing investors, as well as many new investors, particularly in this challenging fundraising environment,” said John Dickie, Partner and co-head of HighVista’s private equity strategy. “We believe our steadfast focus on the lower middle market and long history of supporting the growth of small private companies resonates with a wide range of clients. There is an unusually compelling opportunity today to invest in the small end of the private equity ecosystem, and we are excited to have a fresh pool of capital to deploy against this opportunity.”
Like its predecessor funds, HighVista Private Equity X will invest in a diversified pool of small, privately-held companies, typically with enterprise values less than $150 million. The fund has a deliberate strategy of partnering with sub-$500 million specialist private equity sponsors, co-investing directly into founder-owned and founder-led businesses in the U.S., and opportunistically acquiring lower middle market secondary interests.
“The HighVista private equity team has been investing in the lower middle market for over 20 years, and we have continuously refined our approach to capturing alpha in the small buyout market,” added Scott Reed, Partner and co-head of the firm’s private equity strategy. “This latest fund close speaks to the trust our investors have placed in our team’s ability to drive attractive returns across cycles in this segment of the private equity landscape.”
“HighVista’s North Star as a firm is the pursuit of outsized alpha for our clients, and we are at our highest conviction when investing in structurally inefficient markets,” said André Perold, HighVista’s CIO and co-founder. “The small- company buyout universe is a perfect example, where we observe less competition as a provider of capital, and entry valuations are more attractive. With the closing of this fund, we look ahead toward continued success in delivering for our clients.”
About HighVista Strategies LLC
HighVista Strategies LLC is an employee-owned specialty alternatives asset manager that brings investors alpha opportunities in structurally inefficient markets. Based in Boston and founded in 2004, HighVista manages $10+ billion of capital on behalf of sophisticated investors globally. Our unique culture combines inquisitive thinking with rigorous discipline, enabling us to identify and execute on opportunities with high conviction. HighVista is a partner for investors looking beyond the standard playbook for differentiated ideas that can amplify returns. HighVista’s investment strategies span private markets, including lower middle market private equity, early-stage venture capital and private credit; public markets, including biotechnology equities and hedged public markets strategies; as well as multi-strategy alternatives. For more information, please see: www.highvistastrategies.com