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
FTSE 250 PE firm HVPE, announced a month on month NAV increase of 1.2% in US dollar terms, for the …
FTSE 250 PE firm HVPE, announced a month on month NAV increase of 0.9% in US dollar terms, for the …
HVPE ESTIMATED NAV PER SHARE UPDATE AT 31 JANUARY 2024 Estimated NAV per share of $49.67 (£39.19); down 0.7% in …
Notice of changes to HVPE Board and Investment Committee composition HVPE to have fully independent Board from July 2024 AGM …
Update on shareholder distribution policy and capital allocation Launch of new Distribution Pool to fund future share buybacks or return …
HVPE ANNOUNCES GROWTH IN ESTIMATED NAV PER SHARE IN 30 NOVEMBER 2023 Estimated NAV per share of $49.83 (£39.48); up …
| Summary of NAV | 31 Jan 2023 US$~m | 31 Jan 2022 US$~m |
|---|---|---|
| Net Asset Value | 3,838 | 3,922 |
| NAV Per Share | $48.52 | 49.11 |
| Balance Sheet | 31 Jan 2023 US$~m | 31 Jan 2022 US$~m |
|---|---|---|
| Investments | 3,616 | 3,633 |
| Cash & Equivalents | 313 | 284 |
| Total Assets | 3,839 | 3,925 |
| NAV Performance | March 2024 | Feb 2024 | Jan 2024 | Dec 2023 | Nov 2023 | Oct 2023 | Sep 2023 | Aug 2023 |
|---|---|---|---|---|---|---|---|---|
| Monthly NAV Estimate (US $~m) | 3900 | 3872 | 3858 | 3887 | 3871 | 3837 | 3856 | 3897 |
| Monthly estimated NAV per share (US $) | 50.67 | 50.09 | 49.67 | 50.04 | 49.83 | 49.08 | 49.31 | 49.70 |
| Shares in issue(~m) | 77 | 77.3 | 77.3 | 77.7 | 77.7 | 78.2 | 78.2 | 78.4 |
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’.
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.”
