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HarbourVest Global Private Equity Company profile

About HarbourVest Global Private Equity Ltd

HarbourVest Global Private Equity Limited is a closed-ended investment company. The Company's investment objective is to generate superior shareholder returns through long-term capital appreciation by investing primarily in a diversified portfolio of private equity investments. The Company may also make investments in private market assets other than private equity. The Company seeks to achieve its investment objective by investing in investment funds managed by HarbourVest Partners, LLC (HarbourVest), which invests in or alongside third party-managed investment funds (HarbourVest Funds). HarbourVest Funds are of approximately three types, including Primary HarbourVest Funds, Secondary HarbourVest Funds and Direct HarbourVest Funds. Its investment portfolio consists of a range of sectors, including microfiber network and broadband service, network management solutions, telecommunications and drug delivery systems. The Company's investment manager is HarbourVest Advisers L.P.

Financial summary

BRIEF: For the six months ended 31 July 2021, HarbourVestGlobal Private Equity Ltd revenues increased from $55M to$657.7M. Net income increased from $48.1M to $650.2M.Revenues reflect Unrealized G/L on Investment Securitiesincrease from $40.2M to $405.7M, Net realised gain oninvestments increase from $14.4M to $252M. Net incomebenefited from Marketing expenses decrease of 12% to $133K(expense).