(Alliance News) - HarbourVest Global Private Equity Ltd on Monday reported strong cash flow performance for December 2024 and expressed optimism for further recovery in distributions in 2025. Read More
(Alliance News) - HarbourVest Global Private Equity Ltd must make structural changes to address the fund's wide trading discount, an institutional shareholder argued on Friday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
HarbourVest Global Private Equity Ltd - Guernsey-incorporated investment fund - Net asset value at June 24 was USD51.37 per share, about GBP40.32, up 3.4% in dollars from USD49.67 at the start of its financial year on January 31. Says in June secured an extended revolving credit facility increase from USD800.0 million to USD1.20 billion to provide working capital headroom and flexibly in allocation decisions. Notes shareholder distribution pool begun February 1 to fund dividends and buybacks. Current pool balance was USD40 million at June 30. Expects to allocate USD150 million to USD250 million to the pool between 2024 and 2025. Has contributed USD79.1 million total to pool thus far. Says as investments and macroeconomic environment improve, exits are above its 12 month average and it sees initial public offerings and mergers and acquisitions activity to continue throughout the year. Further announces managing director Carolina Espinal to step down effective today, but to remain on company investment committee. Read More
(Alliance News) - HarbourVest Global Private Equity Ltd on Thursday said it has agreed a new and extended revolving credit facility. Read More
(Alliance News) - HarbourVest Global Private Equity Ltd on Thursday said whilst the fund failed to replicate the gains of its benchmark, such performance was to be expected. Read More
(Alliance News) - HarbourVest Global Private Equity Ltd on Thursday said it will set aside 15% of all cash raised from portfolio realisations for share buybacks and special dividends, saying its new distribution policy comes in response to the board's conversations with shareholders. Read More
(Alliance News) - HarbourVest Global Private Equity Ltd on Thursday said its net asset value per share rose over its half-year period, while it announced a plan for a further USD25 million in share buybacks. Read More
(Alliance News) - The FTSE 100 is set to open lower on Thursday, as investors nervously look ahead to a key interest rate decision from the European Central Bank, and US economic growth data. Read More
HarbourVest Global Private Equity Ltd - FTSE 250-listed investment fund focused on private equity opportunities - Chair Ed Warner buys 5,000 shares at GBP21.59 each, worth GBP107,950, in London on Friday. Read More
(Alliance News) - HarbourVest Global Private Equity Ltd on Friday said it was "optimistic" looking ahead, despite seeing its net asset value fall. Read More
(Alliance News) - The following is a round-up of updates on exposure to Silicon Valley Bank by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
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. Read More
HarbourVest Global Private Equity Ltd - FTSE 250-listed investment fund focused on private equity opportunities - Net asset value per share falls 2.7% to USD47.76 on July 31 from USD49.11 on January 31. Cites fall in public market holdings and reductions in aggregate valuation of European primary and direct venture investments as main reason. NAV total return turns to negative 2.7% from positive 23% a year prior. Read More
HarbourVest Global Private Equity Ltd - London-based investment fund - Increases its multi-currency credit facility to USD800 million from USD700 million. The additional USD100 million is being arranged by Credit Suisse AG London Branch and is being provided by Guardians of New Zealand Superannuation. Says that this "complements" the existing USD400 million provided by Credit Suisse. Mitsubishi UFJ Trust Banking Corp will also retain its current commitment of USD300 million. The facility has a guaranteed term of five years and currently remains undrawn. Read More