Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

HARBOURVEST GLOBAL PRIVATE EQUITY LTD.

(HVPE)
  Report
Delayed Quote. Delayed London Stock Exchange - 11/30 11:35:23 am
2700 GBX   +0.56%
11/19HARBOURVEST GLOBAL PRIVATE EQUITY : Estimated NAV at 31 October 2021
PU
10/28HarbourVest Global Private Equity's Fiscal H1 NAV Climbs 23%
MT
10/28Semi-Annual Report - Six Months Ending 31 July 2021
PU
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensus 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Flash Announcement: Estimated NAV at 31 August 2021

08/19/2021 EST

15 September 2021

HVPE ESTIMATED NAV PER SHARE INCREASES 7.2% IN AUGUST

HarbourVest Global Private Equity Limited ("HVPE" or the "Company"), a closed-end investment company, today announces its estimated Net Asset Value ("NAV") a t 31 August 2021.

At 31 August 2021, HVPE's estimated NAV per share was $42.92 (£31.21), compared to the 31 July 2021 estimate of $40.02 (£28.78) - an increase of 7.2% in US dollar terms.

This figure is now based substantially on 30 June 2021 underlying valuations. These have driven a particularly strong gain since the previous report, which was still based primarily on 31 March 2021 underlying valuations. The valuation breakdown of the HVPE portfolio as reported here is as follows: 17% actual 31 August 2021 (representing the public companies in the portfolio); 53% actual 30 June 2021; and 30% actual 31 March 2021. Consistent with previous estimated NAV reports, valuations are also adjusted for foreign exchange movements, cashflows, and any known material events to 31 August 2021.

This announcement has been made in line with the Board's stated disclosure policy in respect of material changes in the valuation of the underlying portfolio.

Further details will be disclosed in the monthly update for 31 August 2021 due to be published on Tuesday 21 September 2021.

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation. The person responsible for this announcement is Richard Hickman.

Enquiries:

Shareholders

Richard Hickman

Tel: +44 (0)20 7399 9847

rhickman@harbourvest.com

Charlotte Edgar

Tel: +44 (0)20 7399 9826

cedgar@harbourvest.com

Media

MHP Communications

Charlie Barker / Pete Lambie/

Tel: +44(0)20 3128 8100

hvpe@mhpc.com

Tim Rowntree

Notes to Editors:

About HarbourVest Global Private Equity Limited:

HarbourVest Global Private Equity Limited ("HVPE" or the "Company") is a Guernsey - incorporated, closed-end investment company which is listed on the Main Market of the London Stock Exchange and is a constituent of the FTSE 250 index. HVPE is designed to offer shareholders long-term capital appreciation by investing in a private equity portfolio diversified by geography, stage of investment, vintage year, and industry. The Company invests in and alongside HarbourVest-managed funds which focus on primary fund commitments, secondary investments and direct co-investments in operating companies. HVPE's investment manager is HarbourVest Advisers L.P., an affiliate of HarbourVest Partners, LLC, an independent, global private markets asset manager with more than 35 years of experience.

About HarbourVest Partners, LLC:

HarbourVest is an independent, global private markets asset manager with over 35 years of experience and more than $71 billion in assets under management, as of December 31, 2020. The Firm's powerful global platform offers clients investment opportunities through primary fund investments, secondary investments, and direct co -investments in commingled funds or separately managed accounts. HarbourVest has more than 675 employees, including more than 150 investment professionals across Asia, Europe, and the Americas. This global team has committed more than $45 billion to newly-formed funds, completed over $28 billion in secondary purchases, and invested over $21 billion directly in operating companies. Partnering with HarbourVest, clients have access to customised solutions, longstanding relationships, actionable insights, and proven results.

This announcement is for information purposes only and does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in any jurisdiction and should not be relied upon in connectio n with any decision to subscribe for or acquire any Shares. In particular, this announcement does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in the United States or to US Per sons (as defined in Regulation S under the US Securities Act of 1933, as amended ("US Persons")). Neither this announcement nor any copy of it may be taken, released, published or distributed, directly or indirectly to US Persons or in or into the United States (including it s territories and possessions), Canada, Australia or Japan, or any jurisdiction where such action would be unlawful. Accordingly, recipients represent that they are able to receive this announcement without contravention of any applicable legal or regulatory restrictions in t he jurisdiction in which they reside or conduct business. No recipient may distribute, or make available, this announcement (directly or indirectly) to any other person. Recipients of this announcement should inform themselves about and observe any applicable legal requirement s in their jurisdictions.

The Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the " Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States and, accordingly, may not be offered, sold, resold, transferred, delivered or distributed, directly or indirectly, within the United States or to US Persons. In addition, the C ompany is not registered under the US Investment Company Act of 1940, as amended (the "Investment Company Act") and shareholders of the Company will not have the protections of that act. There will be no public offer of the Shares in the United States or to US Persons .

This announcement has been prepared by the Company and its investment manager, HarbourVest Advisers L.P. (the "Investment Manager"). No liability whatsoever (whether in negligence or otherwise) arising directly or indirectly from the use of this announcement is accepted and no representation, warranty or undertaking, express or implied, is or will be made by the Company, the Investment Manager or any of their respective directors, officers, employees, advisers, representatives or other agents (" Agents") for any information or any of the opinions contained herein or for any errors, omissions or misstatements. None of the Investment Manager nor any of their respective Agents makes or has been authorised to make any representation or warranties (express or implied) in relation to the Company or as to the truth, accuracy or completeness of this announcement, or any other written or oral statement provided. In particular, no representation or warranty is given as to the achievement or reasonableness of, and no reliance should be placed on any projections, targets , estimates or forecasts contained in this announcement and nothing in this announcement is or should be relied on as a promise or representat ion as to the future.

Epidemics, Pandemics and Other Health Risks - Many countries have experienced infectious illnesses in recent decades, including swine flu, avian influenza, SARS and 2019-nCoV (the "Coronavirus"). In December 2019, an initial outbreak of the Coronavirus was reported in Hubei, China. Since then, a large and growing number of cases have been confirmed around the world. The Coronavirus outbreak has resulted in numerous deaths and the imposition of both local and more widespread "work from home" and other quarantine measur es, border closures and other travel restrictions causing social unrest and commercial disruption on a global scale. The World Health Organization has declared the Coronavirus outbreak a pandemic. The ongoing spread of the Coronavirus has had and will continu e to have a material adverse impact on local economies in the affected jurisdictions and also on the global economy as cross-border commercial activity and market sentiment are increasingly impacted by the outbreak and government and other measures seeking to contain its spread.

In addition to these developments having potentially adverse consequences for underlying portfolio investments of the HarbourVest funds and the value of the investments therein, the operations of HVPE, the Investment Manager, and HVPE's portfolio of HarbourVest funds have been, and could continue to be, adversely impacted, including through quarantine measures and travel restrictions imposed on personnel or service providers based around the world, and any related health issues of such personnel or service providers. Any of the foregoing events could materially and adversely affect the Investment Manager's ability to source, manage and divest its investments and its ability to fulfil its investment objectives. Similar consequences could arise with respect to other comparable infectious diseases.

Other than as required by applicable laws, the Company gives no undertaking to update this announcement or any additional information, or to correct any inaccuracies in it which may become apparent and the distribution of this announcement. The information con tained in this announcement is given at the date of its publication and is subject to updating, revision and amendment. The contents of this announcement have not been approved by any competent regulatory or supervisory authority.

This announcement includes statements that are, or may be deemed to be, "forward looking statements". These forward looking statements can be identified by the use of forward looking terminology, including the terms "believes", "projects", "estimates", "antici pates",

"expects", "intends", "plans", "goal", "target", "aim", "may", "will", "would", "could", "should" or "continue" or, in each case, their negative or other variations or comparable terminology. These forward looking statements include all matters that are n ot historical facts and include statements regarding the intentions, beliefs or current expectations of the Company. By their nature, forward looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occu r in the future and may be beyond the Company's ability to control or predict. Forward looking statements are not guarantees of future performance. More detailed information on the potential factors which could affect the financial results of the Company is contained in the Company's public filings and reports.

All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results.

This announcement is issued by the Company, whose registered address is BNP Paribas House, St Julian's Avenue, St Peter Port, Guernsey, GY1 1WA

© 2021 HarbourVest Global Private Equity Limited. All rights reserved.

Disclaimer

HarbourVest Global Private Equity Ltd. published this content on 19 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2021 09:11:04 UTC.


© Publicnow 2021
All news about HARBOURVEST GLOBAL PRIVATE EQUITY LTD.
11/19HARBOURVEST GLOBAL PRIVATE EQUITY : Estimated NAV at 31 October 2021
PU
10/28HarbourVest Global Private Equity's Fiscal H1 NAV Climbs 23%
MT
10/28Semi-Annual Report - Six Months Ending 31 July 2021
PU
10/28HVPE Announces Semi-Annual Results for Six Months Ended 31 July 2021
PU
10/28HarbourVest Global Private Equity Ltd. Reports Earnings Results for the Half Year Ended..
CI
10/19HARBOURVEST GLOBAL PRIVATE EQUITY : Estimated NAV at 30 September 2021
PU
10/12HARBOURVEST GLOBAL PRIVATE EQUITY : HVPE to Announce Semi-Annual Results on 28 October 202..
PU
09/21HARBOURVEST GLOBAL PRIVATE EQUITY : Estimated NAV at 31 August 2021
PU
08/19HARBOURVEST GLOBAL PRIVATE EQUITY : Estimated NAV at 31 July 2021
PU
08/19FLASH ANNOUNCEMENT : Estimated NAV at 31 August 2021
PU
More news
Financials (USD)
Sales 2021 684 M - -
Net income 2021 670 M - -
Net Debt 2021 21,6 M - -
P/E ratio 2021 2,23x
Yield 2021 -
Capitalization 2 867 M 2 855 M -
EV / Sales 2020 6,19x
EV / Sales 2021 3,02x
Nbr of Employees 255
Free-Float 98,4%
Chart HARBOURVEST GLOBAL PRIVATE EQUITY LTD.
Duration : Period :
HarbourVest Global Private Equity Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HARBOURVEST GLOBAL PRIVATE EQUITY LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 35,90 $
Average target price 32,75 $
Spread / Average Target -8,77%
Managers and Directors
Edmond William Warner Chairman
Andrew William Moore Independent Non-Executive Director
Alan Charles Hodson Senior Independent Non-Executive Director
Francesca Barnes Independent Non-Executive Director
Steven Peter Wilderspin Independent Non-Executive Director