HVPE ESTIMATED NAV PER SHARE UPDATE AT 30 NOVEMBER 2024

HarbourVest Global Private Equity Limited (“HVPE” or the “Company”), a FTSE 250 investment company with global exposure to private companies, managed by HarbourVest Partners, today announces its estimated Net Asset Value (“NAV”) at 30 November 2024.

• Estimated NAV per share $52.87 (£41.52); increase of 1.2% in US dollar terms over the previous month.
• Fourth consecutive month of positive net cash flow, with a net $15 million received during the month.
• Continued increase in M&A transactions and IPOs, with 37 transactions compared to last 12-month average total of 32.
• Distribution Pool balance was $53.9 million at 30 November.
• During November, HVPE was in the market for 20 days buying back $8.6 million worth of shares which resulted in a $0.09 accretion to estimated NAV per share.
• Since the Board commenced share buybacks in September 2022, a total of $133 million has been bought back, adding 2.9% to NAV per share. Of this total, more than $75 million has been deployed under HVPE’s Distribution Pool mechanism initiated on 1st February 2024.
• As the 12 month anniversary on the Distribution Pool approaches, the Board is engaged in constructive discussions with shareholders to gather their feedback on the proactive steps introduced this year to reduce HVPE’s discount to NAV.

News in full

Below is an interview with Chairman Ed Warner & Managing Director, Richard Hickman