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HarbourVest Global Private Equity Ltd on Thursday reported an increase in net asset value per share which it said builds on its ‘impressive’ long-term record. Shares in the London-based investment fund rose 0.8% to 3,346.80 pence each in London on Thursday morning. Net asset value per share rose 9.7% to $59.40 in the financial year to January from $54.17 the year prior, while the value of its portfolio increased by 7.5% to $4.71 billion from $4.38 billion. ‘This strong short-term performance builds on HVPE’s impressive long-term track record: on a ten-year view, HVPE has delivered a 255% increase in NAV per share in dollar terms,’ the firm said in a statement. HVPE said it remains ‘well diversified’ by sector, which ‘we believe is key to achieving consistently strong returns from a private markets portfolio’ with no single company representing more than 1.6% of the portfolio value. The portfolio generated a net cash inflow of $54 million during the financial year, with $381 million invested and $435 million received from realisations. Despite the cash inflow, net debt increased to $447 million at January 31 from $357 million the year before, due to share buybacks and operating expenses. Looking ahead, HVPE said it is ‘cautiously optimistic about the private equity markets’. In addition, the firm said it has established a clear framework for ongoing capital returns, and intends to distribute 5% to 10% of NAV annually until the next continuation vote, through a combination of periodic tender offers and share buybacks. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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