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RNS Number : 9514Z HarbourVest Global Priv . Equity Ltd 22 October 2026 22 October 2026 HVPE RESULTS FOR THE SIX MONTHS ENDED 31 JULY 2026 Stronger cash generation to fund a significant increase in returns to shareholders Portfolio well positioned as private market exit activity gathers momentum HarbourVest Global Private Equity Limited ( " HVPE " or the " Company " ) , a FTSE 250 investment company with global exposure to private companies , managed by HarbourVest Partners , today announces its unaudited results for the six months ended 31 July 2026 . Performance for the six - month period Net asset value ( " NAV " ) per share up 2.4 % to $ 60.82 ( 31 January 2026 : $ 59.40 ) , driven by a 4.3 % underlying portfolio valuation gain Strongest gains in Venture and Growth Equity ( + 6.8 % ) , Secondary investments ( + 5.3 % ) and North America ( + 5.9 % ) 258 M & A transactions and IPOs , up 6 % on the comparable period , at a weighted average uplift of 48 % to carrying value Share price up 6.4 % to £ 33.35 and up 23.1 % over twelve months , with the discount narrowing to 25 % ( 31 January 2026 : 26 % ) . The shares closed at an all - time high of £ 35.00 after the period in mid - August Long - term NAV outperformance of public markets continues Over the ten years to 31 July 2026 , NAV per share grew by 250 % in US dollar terms , against 236 % for the FTSE All World Total Return Index Over the same period , the share price rose by 262 % in sterling terms Substantially stronger cash flows from the portfolio Distributions of $ 232m ( six months to 31 July 2025 : $ 142m ) exceeded calls of $ 205m , a net inflow of $ 27m ( six months to 31 July 2025 : net outflow of $ 27m ) Two secondary sales completed , generating $ 370m of proceeds . $ 207m was received in the period and $ 163m is due before the end of 2026 Net portfolio cash flow of $ 234m including secondary sale proceeds Significant return of capital to shareholders $ 97m of shares repurchased on 124 of the 126 trading days ( six months to 31 July 2025 : $ 44m ) , adding $ 0.59 , or 1.0 % , to NAV per share A further $ 13m repurchased since the period end . Since September 2022 , buybacks total $ 362m and have added 7.3 % to NAV per share Tender Offer of up to $ 400m , expected to be priced at around a 10 % discount to the 30 September 2026 NAV per share . The circular is published today , and the EGM will be held on 16 November 2026. The circular can be found on HVPE's Tender Offer page : https://www.hype.com/company-info/hvpes-2026- tender - offer / Distribution Pool balance of $ 259m at 31 July 2026 , including all $ 207m of secondary sale proceeds received in the period Together with buybacks , our capital allocation framework is intended to return 5 % to 10 % of NAV each year until the next Continuation Vote , to be held no later than July 2029 Strong balance sheet Net debt down $ 107m to $ 340m . HVPE held $ 140m of cash and had $ 720m available on its $ 1.2bn credit facility Unfunded commitments down $ 338m to $ 2.1bn ( 31 January 2026 : $ 2.4bn ) , with the Commitment Coverage Ratio rising to 41 % ( 31 January 2026 : 31 % ) No new commitments in 2026 , in line with the April 2026 initiatives . The $ 250m 2026 SMA tranche continues to be deployed so the portfolio keeps investing through the cycle HVPE's share of borrowing at HarbourVest fund level fell by $ 35m to $ 524m Positioned to benefit as exit markets recover Global private equity exit value rebounded to $ 482bn in Q3 2026 , the second highest quarter on record SpaceX's $ 86bn IPO in June made it HVPE's third largest underlying company A number of companies in HVPE's portfolio including Anthropic and Databricks are reported to be considering IPOS