HarbourVest appoints private credit veteran to lead evergreen strategy
HarbourVest Partners has appointed private credit veteran Tony Ranaldi as managing director of Evergreen Portfolio Management as the private markets firm expands its evergreen platform across direct lending and credit secondaries, according to a report by CityBiz.
HarbourVest Partners has promoted Tony Ranaldi to the position of managing director of Evergreen Portfolio Management, expanding the firm's evergreen platform in direct lending and credit secondaries. The Boston-based executive will be responsible for portfolio construction, investment strategy, monitoring, liquidity management, and risk for HarbourVest's Private Credit Evergreen solutions.
HarbourVest is developing investment structures to provide institutional and wealth investors with ongoing access to private markets, as opposed to the fixed periods typically associated with traditional closed-end funds. The evergreen approach emphasizes continuous capital deployment, portfolio construction, and liquidity management.
Ranaldi possesses nearly three decades of experience in private credit, opportunistic credit, and private equity. He previously worked at Sixth Street, where he focused on sourcing and evaluating private credit investments, and held senior roles at Tucks Point Partners, Berkshire Partners, and DDJ Capital Management. A key focus for Ranaldi will be credit secondaries, where investors acquire interests in existing private credit funds or portfolios, offering exposure to more mature assets and an alternative entry point into the private credit market.
HarbourVest manages over $165 billion in assets as of June 30, 2026, with approximately 1,300 employees worldwide.
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