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HVPE receives $17m in realisations

There were 44 liquidity events across HarbourVest Partners' listed fund of funds vehicle in April including at least two from its secondaries portfolio.

HarbourVest Global Private Equity (HVPE) received $17 million in realisations from HarbourVest Partners funds including its global secondaries fund during April, according to a statement.

There were 44 liquidity events across the listed fund of funds’ portfolio, including at least two secondaries-related exits:

  • the $2.8 billion sale of healthcare equipment maker Sage Products to Stryker Corporation, held in the primary fund and secondaries portfolios via Madison Dearborn Capital Partners
  • the IPO of Swedish consumer financing provider Resursgruppen, held in the primary fund and secondaries portfolios via Nordic Capital

HVPE made a $50 million commitment to HarbourVest 2016 Global Fund, as well as special situations investments in primary, secondaries and direct co-investments in North America, Europe and the rest of the world in April.

By strategy, 34 percent of the vehicle was invested in secondaries as of the end of the month.

HVPE’s estimated net asset value per share was $17.01 on 30 April, a slight increase from a month earlier. The firm cited positive foreign currency movements and growing values for publicly traded holdings as reasons for the change.