HVPE: NAV Update

15th September 2021 | HarbourVest Global Private Equity Limited

HVPE ESTIMATED NAV PER SHARE INCREASES 7.2% IN AUGUST

HarbourVest Global Private Equity Limited (“HVPE” or the “Company”), a closed-end investment company, today announces its estimated Net Asset Value (“NAV”) at 31 August 2021.

At 31 August 2021, HVPE’s estimated NAV per share was $42.92 (£31.21), compared to the 31 July 2021 estimate of $40.02 (£28.78) – an increase of 7.2% in US dollar terms.

This figure is now based substantially on 30 June 2021 underlying valuations. These have driven a particularly strong gain since the previous report, which was still based primarily on 31 March 2021 underlying valuations. The valuation breakdown of the HVPE portfolio as reported here is as follows: 17% actual 31 August 2021 (representing the public companies in the portfolio); 53% actual 30 June 2021; and 30% actual 31 March 2021. Consistent with previous estimated NAV reports, valuations are also adjusted for foreign exchange movements, cashflows, and any known material events to 31 August 2021.

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 31 August 2021 due to be published on Tuesday 21 September 2021.

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company’s obligations under Article 17 of that Regulation. The person responsible for this announcement is Richard Hickman.

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