Listed fund of funds HarbourVest Global Private Equity Limited (HVPE) increased its net asset value by 1 percent during October, according to a statement.
The estimated NAV is $15.26 per share as of 31 October, compared to $15.15 on 30 September. The fund of funds benefited from increasing values for both publicly-traded holdings and private holdings, as well as a revaluation of its direct portfolio.
HVPE invests in HarbourVest vehicles. About 48 percent of its capital is committed to primary funds, 34 percent is committed to secondaries funds and 18 percent is used to make direct investments, according to the fund of funds’ website.
HVPE is a limited partner in HarbourVests’ last two secondaries funds: Dover Street VII, which closed on $2.9 billion in 2009 and Dover Street VIII, which raised $3.6 billion last year.
HVPE is also a limited partner in the HarbourVest Global Annual Fund, a balanced fund focused on primary, secondary and direct co-investments primarily in North America. In October HVPE increased its commitment to the fund from $85 million to $100 million, according to the statement.
HVPE is a Guernsey-incorporated fund of funds that listed on both the London Stock Exchange and Euronext Amsterdam.