HVPE announces the introduction of three new initiatives aimed at maximising returns for shareholders and addressing the discount to NAV

In 2024, HVPE’s share price increased 12.5%, supported by accretion from $90 million of share buybacks. In sterling terms, over the last five years HVPE’s share price has outperformed the FTSE 250 Index (+40%), and over 10 years has outperformed both the FTSE 250 Index (+165%) and FTSE All World Index Total Return (+18%).

Over the course of 2024, the Board consulted extensively, listened to and reflected on the views of a broad range of shareholders. The Board strongly believes in the importance of funds such as HVPE in democratising private equity ownership for all investors. The Board shares the frustrations of shareholders regarding HVPE’s current discount to NAV and has explored a range of options to deliver improved share price returns. As a consequence the bopard have agree the following:

• Doubling the allocation to Distribution Pool from 15% to 30% of gross distributions
• A simplified investment structure agreed in principle going forward with HarbourVest Partners
• Introductng a Continuation Vote at 2026 AGM

News in full

Below is an interview with Chairman Ed Warner & Managing Director, Richard Hickman, filmed at the 2024 Annual Results