CORRECT: HarbourVest Global Private Equity Posts 14% Rise In NAV

27.05.10

LONDON (Dow Jones)--HarbourVest Global Private Equity (HVPE.AE) on Thursday posted a 14% rise in full-year net asset value, driven by rising equity markets, and said that its recent share offerings would boost liquidity.

The private equity fund-of-funds, which is listed in Amsterdam on NYSE Euronext, said that NAV for the year ended Jan. 31, 2010, was $718.2 million, or $8.65 a share, which represents an increase of $1.04 a share on the year-earlier figure of $7.61.

NAV is the value of underlying investments, calculated by deducting liabilities from total assets.

HVPE invests in and alongside Boston-based HarbourVest, one of the largest private equity fund-of-funds with some $25 billion in private equity investments.

It invests both directly into private equity funds and in the secondary market, buying interests in funds from existing limited partners who want to get out. It also makes direct investments in portfolio companies and investments in public securities.

Source: Wall Street Journal

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Secured Loan London - News


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table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGgYCHgL7pQM25Q_XzsZvZGUA0swQamp;url=http://online.wsj.com/article/BT-CO-20100816-708628.htmlbCORRECT: BP Seeks $5B In bLoans Secured/b Against Oil Sales/b/abr /font size=-1bfont color=#6f6f6fWall Street Journal/font/b/fontbr /font size=-1(quot;=2nd UPDATE: BP Seeks $5B In bLoans Secured/b Against Oil Sales,quot; published at 1612 GMT, misstated the status of BP and Devon#39;s Gulf of Mexico transaction in b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=db2sbYxV6-KCZUMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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