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HarbourVest Global Private Solution SICAV S.A. – Secondaries Fund

HSEC Lux

Overview

Legal Name:
HarbourVest Global Private Solution SICAV S.A. – Secondaries Fund
Manager:
HarbourVest
Website:
https://www.harbourvest.com/
Fundraising Status:
Open
Domicile:
Luxembourg
Legal Form:
Lux SICAV (S.A.)
Regulatory Regimes:
Lux UCI (Part II), EU AIF
Term:
Perpetual-Life
Base Currency:
USD
Launch Year:
2025
Inception Date:
Oct 1, 2025
Size:
$241M (as of Dec 31, 2025)
No. of Investments:
868 (as of Dec 31, 2025)
Investor Eligibility Segments:
Institutional, Professional / Accredited
Permitted Distribution Countries:
EEA, United Kingdom, Switzerland, United Arab Emirates, Japan

Strategy

HSEC Lux invests in GP-led continuation vehicles and LP-led purchases of fund interests, with a dynamic, balanced allocation across both. Portfolio is primarily buyout exposure (96%) with a small venture/growth sleeve (4%), and is geographically tilted to North America with smaller Europe and Asia exposure.

Asset Classes:
Private Equity
Strategy:
Buyout (PE)
Underlying Investment Type:
Secondaries
Geographic Focus Region:
North America
Geographic Focus:
North America, Europe, Asia
Sector Focus (GICS):
Diversified
Sector Focus (not standardized):
Diversified
Leverage Limits Summary:
Borrowing up to 30% of NAV; credit facility intended for working capital/liquidity (undrawn as of Nov 2025).

Performance

for I-1 (USD) share class

Total Returns (% Net of Fees)

Net returns (since inception)I-1 (USD)
Total Return4.9%
Annualized Return21.1%
Best Month(Dec 2025)4%
Worst Month(Nov 2025)0.8%
Risk metrics (since inception)
Volatility7.8%
Sharpe Ratio (4.3% risk-free)2.16
Yearly returns (since inception)

Allocations

Vintage allocation

Vintage

as of Dec 31, 2025
Target

Vintage

as of Dec 31, 2025

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Vintage

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Strategy allocation

Strategy

as of Dec 31, 2025
Target

Strategy

as of Dec 31, 2025

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Strategy

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Underlying Investment Type allocation

Underlying Investment Type

as of Dec 31, 2025
Target

Underlying Investment Type

as of Dec 31, 2025

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Underlying Investment Type

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Geography allocation

Geography

as of Dec 31, 2025
Target

Geography

as of Dec 31, 2025

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Geography

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Key terms

for I-1 (USD) share class
Share Class
Minimum Subsribtion:
$2M
Currency:
USD
Inception Date:
Oct 1, 2025
Distribution Type:
Accumulating
Investor Type:
Professional / Accredited
ISIN:
LU3184406893
Liquidity
Gate:
5% of NAV per calendar quarter.
Gate Level:
Fund level NAV
Redemption Frequency:
Quarterly
Subscribtion Frequency:
Monthly
Fees
Management Fee:
1.25%
Management Fee Basis:
NAV
Performance Fee:
12.50%
Accrued monthly; payable quarterly on net profits
Performance Fee Basis:
Change in NAV
Net profits basis with loss recovery account; accrued monthly; payable quarterly
Back load (redemption):
5.00%
If redeemed within 12 months of subscription.

Share classes

NameMin. SubscriptionCurrencyInceptionDistributionInvestor TypeISINBBG Ticker
I-1 (USD)
2,000,000 USD
USD
2025-10-01
Accumulating
Professional / Accredited
LU3184406893
-

FAQ

What is HarbourVest Global Private Solution SICAV S.A. – Secondaries Fund?
HarbourVest Global Private Solution SICAV S.A. – Secondaries Fund is an evergreen Lux UCI fund focused on Private Equity and managed by HarbourVest.
Who manages HarbourVest Global Private Solution SICAV S.A. – Secondaries Fund?
HarbourVest Global Private Solution SICAV S.A. – Secondaries Fund is managed by HarbourVest, based in Boston, Massachusetts, United States.
How big is HarbourVest Global Private Solution SICAV S.A. – Secondaries Fund?
HarbourVest Global Private Solution SICAV S.A. – Secondaries Fund has a size of $241M.
What type of fund is HarbourVest Global Private Solution SICAV S.A. – Secondaries Fund?
HarbourVest Global Private Solution SICAV S.A. – Secondaries Fund is an open-ended / evergreen Lux UCI fund investing in private equity and domiciled in Luxembourg.
When was HarbourVest Global Private Solution SICAV S.A. – Secondaries Fund launched?
HarbourVest Global Private Solution SICAV S.A. – Secondaries Fund was launched on Oct 1, 2025 and is structured as a Lux SICAV (S.A.) vehicle with a perpetual-life term.
Where is HarbourVest Global Private Solution SICAV S.A. – Secondaries Fund domiciled and regulated?
HarbourVest Global Private Solution SICAV S.A. – Secondaries Fund is domiciled in Luxembourg under Lux UCI (Part II) and EU AIF.

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