HighVista’s U.S. Lower Middle Market Private Equity Strategy has invested approximately $3 billion since 1995 in building differentiated portfolios of small private companies.

The team has over 125 years of combined investment experience and has developed a rigorous investment process led by former direct private equity professionals. We are strategically focused on the lower middle market, which we believe to be less efficient and which provides an attractive risk/reward versus the broader private equity investment universe. We partner with specialized managers and independent sponsors to construct portfolios we believe can significantly outperform broader markets. Clients can invest in commingled funds and via separately managed accounts.

Investing in private equity since 1995
Actively investing out of our 10th commingled fund, closed in 2024
150+ buyout fund commitments since inception
Approximately 100 direct co-investments with funded and independent sponsors

A differentiated approach to lower middle market private equity investing

Focused on the least efficient segment of the private equity ecosystem

Strategically concentrated across co-investments, funds, and secondaries

Partnering with managers with specialized expertise

What We Offer Our Clients

Ability to allocate capital flexibly, focused on building a “best ideas” portfolio of small private companies

Primary Fund Investments

  • Access to capacity constrained leading managers
  • Exposure to experienced emerging managers
  • Leveraging more than two decades of relationship building


  • Led by investment team with direct private equity heritage
  • Evaluating over 300 opportunities annually
  • Partnering with funded and independent sponsors

Secondary Investments

  • Opportunistically pursuing GP- and LP-led secondaries
  • Leveraging private equity team’s institutional knowledge of underlying assets in underwriting

Seeking Capital?

We foster collaborative relationships with specialist investment partners. We are a flexible and decisive capital partner targeting special opportunities across markets and geographies within North America.

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Meet the Private Equity Team

Managing Director

Managing Director

Managing Director

Vice President

Vice President