FTSE 250 Private Equity business HVPE: NAV up 9.1% on prior month

20th April 2021 | HarbourVest Global Private Equity Limited

HarbourVest Global Private Equity Limited increased NAV per share by 9.1% to $35.38 (£25.67), compared to the 28 February 2021 estimate of $32.44 (£23.28), in a NAV update released to the market today

This figure is now based largely on 31 December 2020 underlying valuations. These have driven a particularly strong gain since the previous report, which was still based primarily on 30 September 2020 underlying valuations. The valuation breakdown of the HVPE portfolio as reported here is as follows: 14% actual 31 March 2021 (representing the public companies in the portfolio); 72% actual 31 December 2020; and 14% actual 30 September 2020. Consistent with previous estimated NAV reports, valuations are also adjusted for foreign exchange movements, cashflows, and any known material events to 31 March 2021.

Further details will be disclosed in the monthly update for 31 March 2021 due to be published on Tuesday 27 April 2021.

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