HVPE: Estimated NAV per share increases 9.3%

17th December 2020 | HarbourVest Global Private Equity Limited

HVPE ESTIMATED NAV PER SHARE INCREASES 9.3% IN NOVEMBER

HarbourVest Global Private Equity Limited (“HVPE” or the “Company”), a closed-end investment company, today announces its estimated Net Asset Value (“NAV”) at 30 November 2020.

At 30 November 2020, HVPE’s estimated NAV per share was $31.26 (£23.46), compared to the 31 October 2020 estimate of $28.60 (£22.09) – an increase of 9.3% in US dollar terms.

This figure is now based largely on 30 September 2020 underlying valuations. These have driven a particularly strong gain since the previous report, which was still based primarily on 30 June 2020 underlying valuations. The valuation breakdown of the HVPE portfolio as reported here is as follows: 14% actual 30 November 2020 (representing the public companies in the portfolio); 85% actual 30 September 2020; and 1% actual 30 June 2020. Consistent with previous estimated NAV reports, valuations are also adjusted for foreign exchange movements, cashflows, and any known material events to 30 November 2020.

This announcement has been made in line with the Board’s stated disclosure policy in respect of material changes in the valuation of the underlying portfolio.

Further details will be disclosed in the monthly update for 30 November 2020 due to be published on Thursday 24 December 2020.

The video below provides a fly-though of it’s recent half year results

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