Portfolio Summary
The chart below illustrates HVPE's three-tiered fund-of-funds structure. HVPE makes commitments to HarbourVest funds, which in turn commit capital to underlying partnerships over the next three to four years. Of HVPE's total commitments of $554 million, 73% ($407 million) have been allocated to underlying partnerships (including all Direct and Secondary commitments) and 27% ($147 million) have not been allocated.
All of HVPE's commitments to HarbourVest direct and secondary funds are classified as “allocated” commitments because their drawdown profiles are more similar to that of third party partnerships.
The investment manager's analysis of commitments considers various factors, including HVPE's distinct three-tiered fund-of-funds structure, the anticipated pace of capital calls and distributions, and the flexibility provided by HVPE's long-term credit facility.
Share Price
08 September 2010
LSE
$5.53
0.00c 0.00%
EURONEXT
$5.20 0.00c 0.00%
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ISIN : GG00B28XHD63
Bloomberg : HVPE NA
Reuters : HVPE.AS
Common Code : 03208187
Amsterdam Security Code : 612956
Class A ordinary shares : 83,000,000
