HarbourVest's FTSE 250-listed trust, which has a 29% allocation to secondaries, first announced plans in April to narrow its persistent discount to NAV.
The €6.6 billion private equity evergreen fund, which allocates to secondaries, will be divided into compounding and distributing portfolios.
We dive into the June performance, portfolio composition, and other details of the FTSE 250-listed fund, which targets investments through primaries, secondaries, and co-investments.
Partners Group's decision to impose a 5% redemption cap on its $9 billion private equity SICAV has erased more than 16% of the firm's market value in a single day.
In its latest move, the activist investor has swayed the Schroder UK Mid Cap Fund's Board to conduct a tender offer for up to 100% of the listed trust's ordinary shares.
At least 80% of net proceeds from the transaction will be directed toward a share buyback program aimed at generating liquidity and NAV accretion.
HarbourVest Global Private Equity allocated 29% of its investments to secondaries as of February.
Institutional Link dives into the January performance, investments, and portfolio makeup of the FTSE 250-listed trust.
Institutional Link dives into the January performance, investments, and portfolio makeup of the FTSE 250-listed fund.
The open-ended private equity fund allows quarterly subscriptions with a minimum investment of €250,000.
