Harbourvest Global Private Equity L (LON:HVPE) has announced participation in an asset sale generating net proceeds of $70.7 million from predominantly direct co-investment positions. Under the company’s established Distribution Pool framework, 100% of the proceeds of this secondary sale will be allocated to the Pool as the cash is received.
• An asset sale coordinated by the Investment Manager generating net proceeds of $70.7 million from predominantly direct co-investments.
• The company’s Investment Manager, HarbourVest Partners, selected assets that had performed well but which could be sold opportunistically to generate liquidity for investors at an attractive price in line with previous transactions.
• The transaction will reduce HVPE’s total unfunded commitments by $22.5 million.
• The Manager is continually monitoring both buy-side and sell-side opportunities in the secondary market. The transaction that was initiated in early 2026 is the result of a competitive process led by HarbourVest Partners across the HarbourVest platform.
Ed Warner, Chair of HVPE, commented: “This transaction is a further demonstration of HarbourVest Partners’ proactive approach to portfolio management. The Investment Manager is constantly evaluating the secondary market and has taken advantage of the opportunity presented by the current strong appetite for these assets within HVPE’s diversified portfolio.
The Board is confident that this sale, conducted at a highly attractive price, will support our ongoing efforts to narrow the discount to NAV and add further firepower to the distribution pool to be utilised for share buybacks and the proposed $400 million tender offer.”
