HVPE (FTSE 250)
VIDEOS
What is HVPE
HVPE Annual Results, YR end 31 Jan 2026
Maximising Returns & Narrowing the Discount to NAV
Why invest in private equity
Unlocking private market value
Overview
HarbourVest Global Private Equity (LON:HVPE) is a constituent of the FTSE 250 and exists to provide easy access to a diversified global portfolio of high-quality private companies by investing in HarbourVest-managed funds. Its focus is on building a comprehensive global portfolio of the highest quality investments, in a proactive yet measured way, underpinned by a strong balance sheet. Diversification helps to spread risk, and is fundamental to its aim of creating a portfolio that no individual investor may find hard to replicate. The Investment Manager, HarbourVest Partners is an experienced and trusted global private markets asset manager. HVPE aims to connect the everyday investor with a broad base of private markets experts. The result is a distinct single access point to HarbourVest Partners, and a prudently managed global private companies portfolio designed to navigate economic cycles as smoothly as possible whilst striving to deliver outperformance of the public markets over the long term.
Further information can be seen at hvpe.com
Directors
- Ed Warner OBE (Chair & Ind. NED)
- Francesca Barnes (Senior Ind. NED)
- Steven Wilderspin (Ind. NED)
- Elizabeth Burne (Ind. NED)
- Anulika Ajufo (Ind. NED)
Latest News
Financials
| Summary of NAV | 31 Jan 2026 US$~m | 31 Jan 2025 US$~m |
|---|---|---|
| Net Asset Value | 4,268 | 4,023 |
| NAV Per Share | $59.40 | $54.17 |
| Balance Sheet | 31 Jan 2026 US$~000 | 31 Jan 2025 US$~000 |
|---|---|---|
| Investments | 4,712,545 | 4,374,601 |
| Cash & Equivalents | 123,368 | 122.990 |
| Total Assets | 4,851,555 | 4,517,041 |
| NAV Performance | Mar 2026 | Feb 2026 | Jan 2026 | Dec 2025 | Nov 2025 | Oct 2025 | Sep 2025 | Aug 2025 | July 2025 | June 2025 | May 2025 | Apr 2025 | Mar 2025 | Feb 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Monthly NAV Estimate (US $~m) | 4177 | 4155 | 4187 | 4192 | 4180 | 4182 | 4209 | 4214 | 4119 | 4114 | 4066 | 4069 | 4017 | 3901 | |
| Monthly estimated NAV per share (US $) | 58.91 | 58.06 | 58.27 | 58.13 | 57.79 | 57.60 | 57.90 | 57.85 | 56.46 | 56.28 | 55.52 | 55.54 | 54.62 | 52.84 | |
| Shares in issue(~m) | 70.9 | 71.6 | 71.9 | 72.1 | 72.3 | 72.6 | 72.7 | 72.8 | 73 | 73.1 | 73.2 | 73.3 | 73.5 | 73.8 |
Media & Analyst Coverage
“We think the board’s new allocation of 30% of gross realisations to the distribution pool should confer a strong impetus for discount narrowing, given this is a transparent method for returns of capital to shareholders, and if used to buy shares back, will be a meaningful ‘ratchet’ for the discount to narrow, as well as NAV growth. At the same time, this should enable HVPE to continue to reinvest, maintaining its spread of deal vintages over time, and not diminishing the capital base..”
The Telegraph (Nov 2025): The smart way to avoid the pitfalls of private equity investing
“…Uncovering opportunities depends on the skill of the investment management team. HarbourVest Partners, the investment manager of HarbourVest Global Private Equity (HVPE), holds $146bn in assets under management and has 15 global offices, allowing it to call on a breadth of investment management skills. It also aims to give those investment managers the tools to succeed – including capabilities that give it the broadest possible opportunity set and access to the strongest private equity talent…”
Macro Indicators
FT: Risks but potential rewards remain in private company investing (Sep 2023)
“Over the past few years, I’ve written about why private investors might want to invest in private assets and especially equity, usually through a listed investment trust. At its very simplest, there are more high-growth businesses that are choosing to avoid the public markets and opting to stay private for longer, aided by private equity funds.
So, if as an investor you want some exposure to these higher-growth private businesses, you are forced to consider the broad spectrum of funds ranging from early stage venture capital through to buyout funds for mature companies.”