Share Name Share Symbol Market Type Share ISIN Share Description
Harbourvest Global Private Equity Limited LSE:HVPD London Ordinary Share GG00BR30MJ80 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +$0.00 +0.00% $20.70 $20.40 $21.00 - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

HarbourVest Global Priv. Equity Ltd Edison reviews HarbourVest Global Private Equity

23/05/2019 2:58pm

RNS Non-Regulatory


HarbourVest Global Priv. Equity Ltd

23 May 2019

London, UK, 23 May 2019

Edison reviews HarbourVest Global Private Equity (HVPE/HVPD)

HarbourVest Global Private Equity (HVPE) has recorded an uplift in NAV since end-July 2018 of 4.9% and 5.6% in US dollar and sterling terms respectively, with limited impact from increased public market volatility of Q418. Following successful realizations, HVPE aims to rebuild its exposure to the primary strategy (44% vs target 55%), and to the US market (55% vs 65%). Moreover, HVPE looks at further diversification through investments in real assets which are characterized by low correlation with equity markets and provide stable cash flows. Following the transaction in February 2019, HVPE's exposure to real asset and mezzanine investments now stands at 14% (at end-April 2019).

HVPE's share price discount to NAV widened temporarily to 28% in December as its shares followed the broader market sell-off, but subsequently narrowed to c 15% as the share price rebounded while NAV remained broadly stable. This suggests that HVPE's shares tend to overreact in response to general market developments, which may temporarily result in a wider discount to NAV.

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May 23, 2019 09:58 ET (13:58 GMT)

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