HarbourVest Global Private Equity, the FTSE 250 private equity firm, has announced a 0.4% month-on-month increase in NAV per share at 31st December 2023.

During December 2023, HVPE made one new commitment to a global continuation solutions fund. The Company’s Investment Pipeline (unfunded commitments) decreased by $43 million from the prior month, following capital called for investments, as highlighted below, and foreign exchange movements. The Investment Pipeline totalled $2.5 billion at 31 December 2023. HVPE invested $76 million into HarbourVest funds (compared to $40 million in November 2023). The largest individual investment during the month was made to a 2022 vintage global secondary fund.

HVPE received distributions of $70 million from HarbourVest funds during December 2023 (compared to $33 million in November 2023). The largest source of proceeds came from a 2015 vintage US-focused multi-stage buyout fund.

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Below is HVPE’s recent results interview with Managing Director, Richard Hickman