HarbourVest Global Private Equity (HVPE) posted an NAV decrease of 0.7% between July 2019 (last interim results) and May 2020, largely due to the COVID-19 induced market downturn in March (ytd NAV performance since end-2019 was a 4.8% decline). Although increased capital calls left HVPE with a historically low coverage ratio, we perceive HVPE’s liquidity (supported by its US$600m credit facility) as sufficient to cover near-term commitments. HVPE withstood the 2008 global financial cris
19 Jun 2020
HarbourVest Global Private Equity - Secured liquidity
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HarbourVest Global Private Equity - Secured liquidity
Harbourvest Global Private Equity Limited Red.Shs USD (HVPD:LON) | 0 0 1.1% | Mkt Cap: 2,170m
- Published:
19 Jun 2020 -
Author:
Anne Margaret Crow -
Pages:
9
HarbourVest Global Private Equity (HVPE) posted an NAV decrease of 0.7% between July 2019 (last interim results) and May 2020, largely due to the COVID-19 induced market downturn in March (ytd NAV performance since end-2019 was a 4.8% decline). Although increased capital calls left HVPE with a historically low coverage ratio, we perceive HVPE’s liquidity (supported by its US$600m credit facility) as sufficient to cover near-term commitments. HVPE withstood the 2008 global financial cris