HarbourVest Global Private Equity Limited - One-stop shop
Jun 21st 2012 - Edison Investment Research today published a report on HarbourVest Global Private Equity Limited entitled "One-stop Shop". In summary, the report says:
HVPE is a private equity fund of funds, listed since December 2007. The management group, HarbourVest Partners, has a strong 30-year performance track record. Private equity returns are not immune from economic cycles, but continue to show a good long-term performance versus listed equities and many other asset classes. For many investors, listed private equity (LPE) is the only practical way to gain exposure to this asset class, but since the financial crisis LPE has suffered from large discounts to NAV and generally thin trading liquidity. There are signs of polarisation, with some funds deciding to effectively enter run-off mode. For others, HVPE among them, it is business as usual, continuing to invest for future growth and looking to take...
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
