HarbourVest notes signs of recovery in private market exit activity

(Alliance News) - HarbourVest Global Private Equity Ltd on Thursday said it was well-positioned from a pick up in private market exit activity, while it noted "significant" transactions in artificial intelligence and wider technology sectors.

The London-based investment fund with interest in various sectors including technology, infrastructure and energy said net asset value per share rose 6.2% to USD57.55 as at July 31 from USD54.17 at January 31.

NAV total return also was 6.2% in the six months to July 31, underperforming against the FTSE All World index, which had a total return of 8.5%.

The company noted a recovery in private market exit value, with initial public offerings being a contributor to growth. The value of North American private equity-backed IPOs is USD102 billion in 2025 so far, already doubled compared with all of 2024.

HarbourVest said: "Public markets tend to be more volatile than private markets, especially during periods of uncertainty, and therefore we believe short-term comparisons are less meaningful. Longer-term evaluations through the cycle are more reflective of HVPE's performance and strategy."

Chair Ed Warner said: "As private markets show signs of recovery, HVPE is uniquely positioned to capitalise on these opportunities. Our new separately managed account structure enhances our cost efficiency and flexibility, while our active share buyback programme continues to deliver value for shareholders. With a robust balance sheet and a high-quality, diversified portfolio, we remain confident in our ability to deliver long-term value for shareholders."

HarbourVest shares were down 0.2% at 2,954.26 pence each on Thursday afternoon in London.

By Tom Budszus, Alliance News slot editor

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HarbourVest Private Equity