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 $462 million, 75% ($346 million) have been allocated to underlying partnerships (including all Direct and Secondary commitments) and 25% ($116 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
07 February 2012
LSE
$6.15
0.00c 0.00%
EURONEXT
$6.50 0.00c 0.00%
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ISIN : GG00B28XHD63
SEDOL : B447KB5
Bloomberg : HVPE NA, HVPE LN
Reuters : HVPE.AS, HVPE.L
Common Code : 032908187
Amsterdam Security Code : 612956
Class A ordinary shares : 82,700,000
