HarbourVest Partners, LLC
HarbourVest named in IMA Financial Group recapitalization
Summary: IMA Financial Group announced an equity recapitalization led by Oak Hill Capital, New Mountain Capital, and HarbourVest Partners. The IMA source names HarbourVest as part of the investor group, but the draft should not overstate HarbourVest's control, economics, or lead role.
Why it matters: The update may matter to diligence readers as a public signal of HarbourVest participation in a private-company recapitalization alongside named sponsors.
Summary
IMA Financial Group announced an equity recapitalization led by Oak Hill Capital, New Mountain Capital, and HarbourVest Partners. The IMA company source is the public support for HarbourVest’s inclusion in the named investor group.
This draft should describe HarbourVest as part of the transaction as sourced. It should not imply that HarbourVest led the entire transaction, controlled the company, or drove the economics unless additional source material supports that framing.
Why it matters
For diligence readers, the update may be relevant because it provides a public example of HarbourVest participation in a private-company recapitalization involving a large insurance and risk-management platform. It can help frame questions about co-sponsor activity, continuation or secondary capital, and the types of operating businesses connected to the manager’s platform.
The item is context for further review, not a recommendation or validation of the transaction.
Source notes
- Primary company source: https://imacorp.com/ima-financial-group-completes-equity-recapitalization-led-by-oak-hill-capital-new-mountain-capital-and-harbourvest-partners/
- Public adviser profile: https://adviserinfo.sec.gov/firm/summary/109846
- Source posture: IMA-hosted transaction announcement; summarize the investor-group role without overquoting.
- Verifier note: write HarbourVest as part of the named investor group and avoid overstating control or lead economics.
9AT filing context
Public ADV/profile context maps HarbourVest Partners, LLC to CRD 109846 / SEC file 801-53287, with about $191.2 billion in reported regulatory AUM/profile scale. The profile output shows 505 private funds, 1,204 employees, separately managed account activity, and public website/domain harbourvest.com.
That ADV context identifies the adviser and platform only. It does not validate recapitalization terms, transaction economics, or HarbourVest’s precise role beyond the public source.
What to watch
Watch for HarbourVest, IMA, Oak Hill, or New Mountain follow-up materials that clarify the transaction structure, investor roles, financing, and any future operational or acquisition plans at IMA.