HarbourVest Global Private Equity

LN: HVPE

£1373.6m market cap

1720p last close

HarbourVest Global Private Equity Limited (HVPE) is a Guernsey closed ended investment company that aims to provide long-term capital appreciation through a private equity portfolio well diversified by vintage year, geography, industry and strategy.

Investment summary

HarbourVest Global Private Equity (HVPE) has recorded an uplift in NAV since end-July 2018 of 4.9% and 5.6% in US dollar and sterling terms respectively, with limited impact from increased public market volatility of Q418. Following successful realizations, HVPE aims to rebuild its exposure to the primary strategy (44% vs target 55%), and to the US market (55% vs 65%). Moreover, HVPE looks at further diversification through investments in real assets which are characterized by low correlation with equity markets and provide stable cash flows. Following the transaction in February 2019, HVPE’s exposure to real asset and mezzanine investments now stands at 14% (at end-April 2019).

Share price graph
Price performance
%
1m
3m
12m
Actual 6.3 15.8 33.1
Relative* 5.1 15.2 36.8
52-week high/low 1720.0p/1288.0p
*% relative to local index
Key management
Sir Michael Bunbury Chairman
Richard Hickman Fund Manager
Peter Wilson Non-executive director

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