HARBOURVEST GLOBAL PRIVATE EQUITY LTD. One share.
A world of private company opportunities.
Semi Annual Results
Six Months to 31 July 2022
October 2022
What we do
Overview of
HVPE and
HarbourVest
Semi-Annual
Results
Recent Events
Conclusion
Our Purpose
"HVPE exists to provide easy access to a diversified global portfolio of high-quality private companies by investing in HarbourVest-managed funds, through which we help support innovation and growth in a responsible manner, creating value for all our stakeholders."
HarbourVest Partners | General Partners (GPs) | Portfolio Companies |
HVPE
GP Funds
HarbourVest Partners
Funds
2
Who makes it happen
Overview of
HVPE and
HarbourVest
Semi-Annual
Results
Recent Events
Conclusion
Independent | HVP |
Board of
Directors
Ed | Anulika | Francesca | Libby | Steven | Carolina | Pete |
Warner | Ajufo | Barnes | Burne | Wilderspin | Espinal | Wilson |
Chair | ||||||
Boston |
HVPE
Investment
Committee
JohnGreg
Toomey Stento
London | Boston |
HVPE
Team
Richard | Alexandra | Charlotte | Martin | Billy | Elena |
Hickman | Cornforth | Edgar | Li | Macaulay | Nordemann |
Managing Director | Head of Corporate | Head of Investor | Portfolio | Director of Finance | Portfolio |
Governance | Relations | Associate | Associate |
3
HarbourVest Partners, the Manager
Overview of
HVPE and
HarbourVest
Semi-Annual
Results
Recent Events
Conclusion
$101.1 billion | 950+ | Private markets | 25 years | ||||||||||||||||||||||||||||||||
colleagues | |||||||||||||||||||||||||||||||||||
total AUM | specialists in equity, credit, and | average industry experience of | |||||||||||||||||||||||||||||||||
175+ | |||||||||||||||||||||||||||||||||||
across all strategies* | real assets | managing directors | |||||||||||||||||||||||||||||||||
investment professionals | |||||||||||||||||||||||||||||||||||
900+ | Strong track record of | Expertise | 1,000+ | ||||||||||||||||||||||||||||||||
in primary, secondary, direct co- | |||||||||||||||||||||||||||||||||||
advisory | 40 years | ||||||||||||||||||||||||||||||||||
investments, credit, and real | managers tracked | ||||||||||||||||||||||||||||||||||
board seats | |||||||||||||||||||||||||||||||||||
assets | |||||||||||||||||||||||||||||||||||
Dublin | London | Frankfurt | |||||||||||||||||||||||||||||||||
Toronto | Boston | Seoul | |||||||||||||||||||||||||||||||||
Beijing | |||||||||||||||||||||||||||||||||||
Tel Aviv | Tokyo | ||||||||||||||||||||||||||||||||||
Hong Kong | |||||||||||||||||||||||||||||||||||
Bogotá | Singapore | ||||||||||||||||||||||||||||||||||
Americas | EMEA | Asia Pacific | |||||||||||||||||||||||||||||||||
Sydney | |||||||||||||||||||||||||||||||||||
128 | $81.1 | 38 | $34.3 | 27 | $11.4 | ||||||||||||||||||||||||||||||
Investment | Billion | Investment | Billion | Investment | Billion | ||||||||||||||||||||||||||||||
Professionals | Committed | Professionals | Committed | Professionals | Committed | ||||||||||||||||||||||||||||||
Top section: As of June 30, 2022. *Reflects committed capital from LPs for all active funds/accounts, excludes any funds / accounts that are in extension, liquidation, or fully liquidated. "1,000+ managers tracked" refers to HarbourVest Partners having invested with 1,000+ managers since inception and, as such, investment-level performance is tracked for 1,000+ managers
Bottom section: As of June 30, 2022. Based on primary, secondary, and direct commitments made by HarbourVest since inception. Commitment amounts reflect the aggregate commitments made by HarbourVest to primary, secondary, and direct investments since inception, and are presented gross of leverage. Arrows indicate HarbourVest team location. *Singapore office opened May 2021. Frankfurt office opened July 2021. Sydney office opened August 2022.
4
Our performance
15.4% compound annual NAV per share growth rate (in USD) over the 10 years to 31 July 2022
Overview of
HVPE and
HarbourVest
Outperformance of 5.4% annualised compared to FTSE All World Total Return Index over the same period
Semi-Annual | +426% share price total return in GBP over the same period |
Results | |
Recent Events
Conclusion
NAV per share ($) | Share Price ($) | $49.11 | $47.76 | ||||||||
(Figures in brackets denote share price discount to NAV per share in USD) | $35.97 | ||||||||||
$27.58 | |||||||||||
$24.09 | $37.30 | ||||||||||
$21.46 | |||||||||||
$18.47 | $29.00 | ||||||||||
$14.38 | $15.86 | $16.75 | $24.15 | $25.55 | |||||||
$12.46 | |||||||||||
$11.42 | |||||||||||
$17.77 | $18.75 | ||||||||||
$12.41 | $15.03 | ||||||||||
$10.75 | $12.73 | ||||||||||
$6.37 | $8.66 | ||||||||||
2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | July '22 |
(44%) | (31%) | (25%) | (20%) | (26%) | (19%) | (17%) | (22%) | (12%) | (29%) | (24%) | (39%) |
Past performance is not indicative of, or a guarantee of, future performance. The value of an investment in the Company may fluctuate and share prices and returns may go down as well as up. In total there are over 10,000 companies in the portfolio and the top 1,000
companies represent 84% of investment NAV at 31 July 2022. 10-year comparisons reflect growth in the 10 years to 31 July 2022. | 5 |
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HarbourVest Global Private Equity Ltd. published this content on 27 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2022 10:15:47 UTC.
