HarbourVest Global Private Equity profile image

HarbourVest Global Private Equity

LN: HVPE

£1346.5m market cap

1686p 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 (2.5) 0.5 23.1
Relative* (5.9) (1.4) 19.1
52-week high/low 1786.0p/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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