HarbourVest Global Priv. Equity Ltd Edison update on HarbourVest Global Private Equity
06 October 2015 - 9:18PM
RNS Non-Regulatory
TIDMHVPE
HarbourVest Global Priv. Equity Ltd
06 October 2015
London, UK, 6 October 2015
Edison issues research update on HarbourVest Global Private
Equity
Judging by prevailing discounts to net assets, broad fund of
fund investors in private equity are not a particularly favoured
group within the investment company sector. However, a fund such as
HarbourVest Global Private Equity (HVPE) can be seen as having
appealing attributes: in addition to a still wide discount, it is
structured and managed to ensure diversification by vintage, stage,
geography, strategy and industry. The management team has
substantial experience, a wide industry network and follows a
consistent approach to investment, further mitigating the risks
inherent in private equity investment. The NAV performance since
inception compares well with the MSCI All World and private equity
indices.
HVPE's current discount of c 23% compares with a private equity
sector average of about 19%, excluding 3i. While the discount is
narrower than it has been, it is still wide in absolute terms; the
performance track record and the move to the Main Market could be
factors in a further tightening.
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