Hemal Mirani leaves HarbourVest

Managing director Hemal Mirani has quit the Boston-based fund of funds manager, reportedly to join a ‘large buyout firm’ in Asia.

Hemal Mirani has quit HarbourVest Partners after 12 years at the firm. Mirani was a managing director at the firm’s Asian subsidiary in Hong Kong.

Promoted to managing director in 2007, Mirani joined the fund of funds as an analyst in 1997, at about the time HarbourVest established its presence in the Asia Pacific region. Since then, she has been engaged in establishing the fund of funds’ Asian presence and developing relationships with fund managers and institutional investors.

She has also served on the advisory committees of funds managed by Archer Capital, CCMP Asia, CVC Asia Pacific, MKS Consulting and TPG Asia.

It is still unclear where Mirani is headed, but according to a source, she will be assuming an investor relations role at a “a large buyout firm”.

HarbourVest did not respond to a request for comment by press time.