HarbourVest Global Private Equity Ltd - London-based investment fund - Increases its multi-currency credit facility to USD800 million from USD700 million. The additional USD100 million is being arranged by Credit Suisse AG London Branch and is being provided by Guardians of New Zealand Superannuation. Says that this "complements" the existing USD400 million provided by Credit Suisse. Mitsubishi UFJ Trust Banking Corp will also retain its current commitment of USD300 million. The facility has a guaranteed term of five years and currently remains undrawn.
Current stock price: 3.93 pence, down 3.0% on Monday
12-month change: down 45%
By Sophie Rose; sophierose@alliancenews.com
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HarbourVest Private Equity (HVPE)