HarbourVest Global Private Equity Ltd.

Equities

HVPE

GG00BR30MJ80

Investment Management & Fund Operators

Delayed London S.E. Other stock markets 11:35:09 2024-04-24 am EDT			5-day change	1st Jan Change
2,285 ^GBX	-0.87%		+0.22%	-3.18%

Feb. 01	HarbourVest Global Private Equity plans asset sales to fund returns	AN
Feb. 01	HarbourVest Global Private Equity Creates Distribution Pool for Shareholder Returns	MT

HarbourVest secures USD700 million loan for five years

January 20, 2023 at 05:42 am EST

HarbourVest Global Private Equity Ltd - FTSE 250-listed investment fund focused on private equity opportunities - Says it will now revert to a conventional fixed-term arrangement, from an evergreen term. Says a USD400 million commitment from lender Credit Suisse AG and a USD300 million commitment from Mitsubishi UFJ Trust Banking Corp will expire on January 12, 2028. The remaining USD100 million from Guardians of New Zealand Superannuation will expire on August 15, 2027. The facility is currently undrawn.

"The board and investment manager are confident that this facility, with USD700 million secured for a full five years, and the remaining USD100 million secured for over four and a half years, provides sufficient headroom for HVPE's existing and planned commitments over the period. The board maintains a prudent approach to balance sheet management and regularly reviews HVPE's credit facility arrangements," HarbourVest says.

Current stock price: 2,221.30 pence, up 0.5% on Friday

12-month change: down 19%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
FTSE MID 250 INDEX	19,719 PTS	-0.41%	+1.94%	-
HARBOURVEST GLOBAL PRIVATE EQUITY LTD.	2,285 GBX	-0.87%	+0.22%	2.19B
MITSUBISHI UFJ FINANCIAL GROUP, INC	1,552 JPY	-1.18%	+2.27%	120B

Latest news about HarbourVest Global Private Equity Ltd.

HarbourVest Global Private Equity plans asset sales to fund returns	Feb. 01	AN
HarbourVest Global Private Equity Creates Distribution Pool for Shareholder Returns	Feb. 01	MT
Transcript : HarbourVest Global Private Equity Ltd., Q2 2024 Earnings Call, Oct 26, 2023	23-10-26
HarbourVest Global net asset value rises, plans further share buybacks	23-10-26	AN
HarbourVest Global Private Equity Ltd. Reports Earnings Results for the Half Year Ended July 31, 2023	23-10-26	CI
HarbourVest Global Private Equity Plans New $25 Million Share Buyback	23-10-26	MT
HarbourVest Global Private Equity's Fiscal H1 NAV Per Share Reaches New High	23-10-26	MT
PizzaExpress owner makes play for Restaurant Group	23-10-26	AN
HarbourVest Global Private Equity Ltd. commences an Equity Buyback for 11,857,782 shares, representing 14.99% of its issued share capital, under the authorization granted on July 19, 2023.	23-09-21	CI
Transcript : HarbourVest Global Private Equity Ltd. - Shareholder/Analyst Call	23-07-19
HarbourVest Global Private Equity Ltd.'s Equity Buyback announced on September 20, 2022, has expired.	23-07-19	CI
HarbourVest Global Chair Warner buys GBP110,000 in shares	23-05-26	AN
HarbourVest NAV falls; plans USD25 million share buyback	23-05-26	AN
Harbourvest Global Private Equity to Repurchase $25 Million of Shares	23-05-26	MT
Harbourvest Global Private Equity Posts Decline in FY23 NAV Per Share	23-05-26	MT
HarbourVest Global Private Equity Ltd. Reports Earnings Results for the Full Year Ended January 31, 2023	23-05-26	CI
London listings commenting on exposure to Silicon Valley Bank	23-03-13	AN
HarbourVest secures USD700 million loan for five years	23-01-20	AN
HarbourVest Global Private Equity Limited Announces Credit Facility Update	23-01-20	CI
IN BRIEF: HarbourVest Global Private Equity net asset value falls	22-10-27	AN
HarbourVest Global Private Equity Ltd. Reports Earnings Results for the Half Year Ended July 31, 2022	22-10-27	CI
HarbourVest Global Private Equity Ltd. initiates a Market Repurchase.	22-09-20	CI
HarbourVest Global Private Equity Ltd. commences an Equity Buyback for 11,971,386 shares, representing 14.99% of its issued share capital, under the authorization granted on July 20, 2022.	22-09-20	CI
HarbourVest Global Private Equity Boosts Credit Facility to $800 Million	22-08-16	MT
HarbourVest Global Private Equity Limited Announce $100 Million Increase to Multi-Currency Credit Facility	22-08-16	CI

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Company Profile

HarbourVest Global Private Equity Limited is a Guernsey-based closed-end investment company. The Companyâs investment objective is to generate shareholder returns through long-term capital appreciation by investing primarily in a diversified portfolio of private equity investments. It also makes investments in private market assets other than private equity where it identifies opportunities. It seeks to achieve its investment objectives primarily by investing in investment funds managed by HarbourVest Partners, LLC (HarbourVest), which invests in or alongside third party-managed investment funds (HarbourVest Funds). HarbourVest Funds include Primary HarbourVest Funds, Secondary HarbourVest Funds and Direct HarbourVest Funds. It invests in various sectors, such as technology and software, medical and biotech, consumer, financial, industrial and transport, business services and other, media and telecom, and energy and cleantech. Its investment manager is HarbourVest Advisers L.P.

Sector

Investment Management & Fund Operators

Calendar

2024-05-23 - Q4 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

28.41 USD

Average target price

40.38 USD

Spread / Average Target

+42.17%

Consensus

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