HARBOURVEST GLOBAL
HarbourVest Global Private Equity Limited ("HVPE") has announced the successful admission of its ordinary shares to the Main Market of the London Stock Exchange plc.
HVPE's ordinary shares will commence trading on the London Stock Exchange's flagship market at
8:00 am on 9 September 2015 under the symbol HVPE.
The Board of HVPE expects that its transition from the Specialist Fund Market to the Main Market will:
Broaden the appeal of the stock among key sections of the investment community
Improve HVPE's ability to market its shares to retail investors; an increasingly important source of demand for listed private equity funds
Increase liquidity in the shares
Facilitate eligibility for inclusion in the FTSE All Share index
HVPE's market quote on the London Stock Exchange has been redenominated into Sterling. There has been no change to the legal form or nature of the shares as a result of the redenomination of the market quote and the HVPE's listing on Euronext Amsterdam is not affected. The Company's functional currency will remain the U.S. dollar.
"Today is a significant milestone for HarbourVest Global Private Equity. We hope that the move to the Main Market will broaden interest in HVPE and will further enhance its position as a leading listed private equity investment company, and both Board and Investment Manager look forward to the future with confidence."
HVPE seeks to provide shareholders with superior, long-term capital growth while avoiding undue risk thanks to its diversification. HVPE currently gives investors exposure to 750+ private equity funds and partnerships, including many high quality general partners. Investors also get significant diversification at the underlying level, with exposure to over 6,500 companies.
Enquiries:
HarbourVest
Richard Hickman
Tel: +44 (0) 20 7399 9847
rhickman@harbourvest.com
Laura Thaxter
Tel: +1 (617) 348 3695
lthaxter@harbourvest.com
Del Jones
Tel: +44 (0) 20 7092 2222
HVPE@thisisfishburn.com
Ludo Baynham-Herd
HVPE is a Guernsey-incorporated closed-end investment company which has a dual listing on both the London Stock Exchange and Euronext Amsterdam. It invests in and alongside HarbourVest- managed funds which focus on primary partnership commitments, secondary investments, and direct investments in operating companies.
The Company has received authorisation as an authorised closed-ended investment scheme by the Guernsey Financial Services Commission under section 8 of The Protection of Investors (Bailiwick of Guernsey) Law, 1987 (as amended) and the Authorised Closed-ended Investment Schemes Rules
2008 made thereunder. The Company is registered as an investment institution from a designated state (as referred to in section 2:66 FMSA) with the Netherlands Authority for the Financial Markets. The Company is designed to offer shareholders long-term capital appreciation by investing in a private equity portfolio diversified by geography, by stage of investment, by vintage year, and by industry. The Company is advised by HarbourVest Advisers L.P., an affiliate of HarbourVest Partners, LLC
and is not subject to the provisions of the AIFM Directive in connection with the marketing of its shares in the Netherlands.
HarbourVest Partners, LLC is an independent private markets specialist, providing investment programs and customized solutions focused on venture capital, buyout, mezzanine debt, credit, and real assets through primary fund investments, secondary purchases, and direct co-investments. HarbourVest has more than 300 employees in Asia, Europe, Latin America, and North America. In more than 30 years of investing in private equity, the team has committed more than $29 billion to newly-formed funds, completed over $12 billion in secondary purchases, and invested $4 billion directly in operating companies. The firm's clients include pension funds, endowments, foundations, and financial institutions around the globe.
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