London, UK, 30 October 2018
Edison issues review on HarbourVest Global Private Equity (HVPE)
HarbourVest Global Private Equity's (HVPE) first-half results showed good progress in NAV (+6.8% in US$ terms), ahead of its listed equity benchmark and a private equity index, both of which were negative over the period. Looking ahead, HVPE notes the high valuations prevailing in the private market and the risks of further listed market volatility. In this environment, the portfolio's diversification and HarbourVest's experience in manager selection are likely to be particularly valuable attributes.
HVPE shares trade at a 22.7% discount to net asset value, slightly above its recent average levels and noticeably higher than the average for our selected peer group.
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