Videos

Close Video

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)
  • Carolina Espinal (NED)
  • Elizabeth Burne (Ind. NED)
  • Anulika Ajufo (Ind. NED)

Financials

Summary of NAV31 Jan 2024
US$~m
31 Jan 2023
US$~m
Net Asset Value3,9203,838
NAV Per Share$50.47$48.52
Balance Sheet31 Jan 2024
US$~m
31 Jan 2023
US$~m
Investments4,057,6063,616,330
Cash & Equivalents140,156197,523
Total Assets4,203,0913,839,505
NAV PerformanceApril 2024March 2024Feb 2024Jan 2024Dec 2023Nov 2023Oct 2023Sep 2023
Monthly NAV Estimate (US $~m)38853900387238583887387138373856
Monthly estimated NAV per share (US $)50.4750.6750.0949.6750.0449.8349.0849.31
Shares in issue(~m)777777.377.377.777.778.278.2

 

Major Shareholders

  • M&G – 6.72%
  • Evelyn Partners – 5%
  • Quilter Cheviot – 4.45%
  • Schroder (Cazenove) – 4.24%
  • Hargreaves Lansdown – 4.21%
  • Investec Wealth – 3.71%
  • Interactive Investor – 3.38%
  • BlackRock Advisors (UK) – 2.56%
  • Lothian Pension Fund – 2.44%
  • Macquarie – 2.40%

Media Coverage

Citywire (Feb 2024): IC Top 50 Funds 2023: HarbourVest promises dividends, buybacks and independent board

HarbourVest Global Private Equity (HVPE) hopes to finally narrow its wide share price discount after it announced plans to return more capital to shareholders and move to a fully independent board.

In response to shareholder feedback, including from wealth manager Quilter Cheviot, which began red-carding weak boards last September, the global private equity investor will establish a ‘distribution pool’ funded by profits on disposals that will be used for share buybacks and special dividends.

The board and manager have agreed that 15% of cash realisations will go to the pool, which launches immediately, helped by a decision to place on hold a ‘specific’ investment commitment that releases a ‘material cash sum’.

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.”

    Submit your details to be kept up to date with announcements regarding HarbourVest Global Private Equity (FTSE 250)

    We have a strict data protection policy and will not share your details with external parties.