HarbourVest Partners has appointed Tony Ranaldi as managing director to lead portfolio management for its Private Credit Evergreen strategy. Based in Boston, Ranaldi will oversee portfolio construction, investment strategy, investment monitoring, liquidity and risk management for the firm's Private Credit Evergreen solutions. Ranaldi brings nearly three decades of investment experience in private credit, opportunistic credit and private equity. He joins from Sixth Street, where he served as a senior advisor sourcing and evaluating opportunities across private credit. Previously, Ranaldi founded Tucks Point Partners and held senior investment and portfolio management roles at Berkshire Partners and DDJ Capital Management. The appointment strengthens HarbourVest's Evergreen platform capabilities as the global private markets asset manager continues expanding its offerings for investors.

UC Investments sells $1bn private equity portfolio to HarbourVest. * August 19, 2026 * - 9:28 am The University of California's investment office has sold around $1bn of private equity interests to secondaries specialist HarbourVest Partners, providing another sizeable transaction for a market that has seen discounts widen amid renewed pressure on private assets, according to a report by Bloomberg. The report cites unnamed people familiar with the matter as reeling that UC Investments, which oversees roughly $190bn across retirement, endowment and cash portfolios, began the sale process earlier this year. The portfolio changed hands at a discount of more than 10% and includes interests in software and other technology-focused buyout funds, the people said. Campbell Lutyens advised UC Investments on the transaction. UC Investments' latest annual report showed that its private assets had a market value of approximately $39bn as of mid-2025. Private equity accounted for slightly more than half of that exposure.