StockMarketWire.com - Harbourvest Global Private Equity Limited, or HVPE reported Friday net asset value per share rose 16.2% for the year ended 31 January.

Net asset value per share rose 16.2% to $21.46 for the year, from $18.47 the previous year.

The share price rose 4.8% for the year to £12.52 from £11.95, while net cash was $257m.

The firm revised its strategic allocation targets.

The allocation for real assets and mezzanine investments was increased from 5% to 10%; buyouts were reduced from 65% to 60, allocation to direct co-investments increased from 15% to 20% and allocation to primaries were reduced to 55% from 60%.

From inception in 2007 to 31 January 2018, net asset value per share total return in US dollars was 114.6% against 73.6% total return for the FTSE All World Index, the firm said.

'I am pleased to report another year of significant progress for HVPE, with double-digit NAV per share growth in the Company's functional currency, the US dollar, making this the Company's ninth consecutive year of positive NAV returns,' said Sir Michael Bunbury, Chairman of HVPE.


At 8:36am: [LON:HVPE] Harbourvest Global Private Equity share price was +8p at 1234p



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