Continuing with an expansion to its real assets investment team that began in early 2014, HarbourVest Partners has named Kevin Warn-Schindel as the programme's managing director.
From a Boston base, Warn-Schindel will oversee management of the $1 billion of capital HarbourVest currently has aimed at real asset investments.
“HarbourVest has been reviewing opportunities in real assets for quite some time. We continue to see strong interest in real assets and believe this is a natural extension of the HarbourVest platform across the private markets,” said HarbourVest managing director Brett Gordon. “Kevin's leadership and depth of experience in real assets complement our team's expertise in primary, secondary, and co-investment activities.”
Warn-Schindel joined HarbourVest in January after 10 years as the group head and managing director of the OPTrust Private Markets Group, an investment arm of the Toronto-based defined benefit pension plan OPTrust.
In his role at OPTrust, Warn-Schindel led the creation of the global investment management platform with offices in Toronto, London and Sydney, developing and executing a global portfolio of investment strategies.
Prior to joining that firm, Warn-Schindel was an investment executive at Macquarie Bank and an investment banker at RBC Capital Markets.
He is chair of the board of Export Development Canada, the Canadian federal government trade finance agency, and directs the TSX-listed closed-end investment fund Economic Investment Trust.
While Warn-Schindel is the latest addition to the real assets team at HarbourVest, Gordon said he will likely not be the only addition of the year.
“As we build out this platform, we expect to add additional team members with real assets expertise who will be integrated into our existing teams and processes,” Gordon said.
HarbourVest independently specialises in providing investment programmes and customised solutions that focus on venture capital, buyout, mezzanine debt, credit, and real assets through primary fund investments, secondary purchases, and direct co-investments, with clients including pension funds, endowments, foundations, and financial institutions internationally.