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IN BRIEF: HarbourVest Global Chair Warner buys £110,000 in shares

ALN

HarbourVest Global Private Equity Ltd - FTSE 250-listed investment fund focused on private equity opportunities - Chair Ed Warner buys 5,000 shares at £21.59 each, worth £107,950, in London on Friday.

Also, on Friday says its net asset value per share in the year ended January 31 fell 1.2% to $48.52, down from $49.11 a year ago. Net assets fell to $3.8 million from $3.9 million.

Looking ahead, HarbourVest remains ‘optimistic’ that its portfolio is well positioned. However, it is conscious of the challenges that lie ahead.

HarbourVest says it has chosen not to declare a dividend during the year, but plans to buyback $25 million in shares.

Current stock price: 2,165.00 pence

12-month change: down 4.0%

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