The investment companies team at Kepler Trust Intelligence has produced a research article about HarbourVest Global Private Equity to examine the company in detail and create a snapshot picture that investors can use to aid their investment decisions. The article notes:
“HarbourVest Global Private Equity (HVPE) has been a long-standing constituent of the listed private equity sector. It offers a diverse exposure to an area of the market that is much-talked-about currently — private markets. Asset allocators everywhere are discussing the exciting opportunities for investors to access an area of the market through semi-liquid open-end fund structures that traditionally have only been the preserve of very large institutional clients. The advantages of investment companies, having an established and well-understood structure with instant liquidity, against the new semi-liquid products entering the market which have not been market-stress tested, and with potential gating issues if a large number of investors wish to redeem at the same time, do not have to be rehearsed here. Yet since 2007 (when it IPO’d), HVPE has been delivering exactly what this new fund proposes to do. With its fully invested portfolio, offering a fully invested exposure to the industry’s leading private equity and venture managers, HVPE has delivered strong returns since its launch.”
A link to download the full research note can be found below:
About Kepler Trust Intelligence:
Kepler Trust Intelligence (“Kepler”) is a digital publication for discretionary fund managers and private investors published by the investment companies team at Kepler Partners.
Kepler provides non-substantive material and analysis. Under MiFID II these constitute a minor non-monetary benefit and are provided free of charge to any person (professional or private individual) who wants to access it. Kepler disclose all their relationships, but their research is either paid for directly by specific trusts and their boards, or more generally by the larger asset management groups who pay to have adverts and advertorials. As a result, all of their research should be considered “non-independent” and readers should consider it as marketing.
