HarbourVest Private Equity Secondaries Fund (TE) L.P. Sells $1.89M in Units

What Happened

• HarbourVest Private Equity Secondaries Fund (TE) L.P. announced in an 8‑K that it sold unregistered limited partnership units for aggregate consideration of approximately $1,890,000. The transactions closed on August 3, 2026, with the number of units finalized on September 3, 2026 after calculating Transactional NAVs as of July 31, 2026.
• All 189,000 units sold were Class I units; no Class A or Class D units were issued in this sale. The offering was part of the Fund’s ongoing private offering to accredited investors who are also qualified purchasers and was exempt from registration under Section 4(a)(2) and Regulation D.

Key Details

• Units sold: 189,000 Class I units for $1,890,000 (final count confirmed Sept 3, 2026).
• Sale date: August 3, 2026; Transactional NAVs dated July 31, 2026 finalized Sept 3, 2026.
• Offering type: Continuous private offering to accredited investors and qualified purchasers; exempt under Section 4(a)(2) and Reg D.
• Related activity: The broader HSEC Fund Complex (including the Fund and parallel entities) issued interests for approximately $4.9 million in aggregate on September 3, 2026.

Why It Matters

• This filing reports a routine private capital raise rather than a public securities issuance—important for investors tracking fund inflows, class composition, and NAV-related transactions.
• The sale increases capital in the HSEC Fund Complex, which the Fund uses via its investments in the parallel Cayman fund and ultimately HSEC Holdings L.P.; investors should note the offering was limited to accredited/qualified purchasers and was exempt from registration, meaning these are private placements rather than publicly traded shares.