HarbourVest Global Private Equity

LN: HVPE

£1370.4m market cap

1714p 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 a 12-month rise in NAV (based on a preliminary figure at end-July 2019) of 8.7%, which is a solid beat versus the public benchmark. Over the last six months, HVPE remained a net investor deploying US$202m into HarbourVest funds (compared to US$139m distributions), mostly on the back of the real assets deal in February. We note that despite HVPE’s limited UK portfolio exposure and long-term NAV outperformance vs UK equities, its short-term price returns are largely driven by the UK market sentiment.

Share price graph
Price performance
%
1m
3m
12m
Actual 0.9 7.7 26.4
Relative* (2.4) 8.6 26.8
52-week high/low 1726.0p/1326.0p
*% relative to local index
Key management
Sir Michael Bunbury Chairman
Richard Hickman Fund Manager
Peter Wilson Non-executive director

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