HarbourVest Global Private Equity (HVPE) is planning to move its listing on the Specialist Fund Market to the Main Market of the London Stock Exchange in early September 2015.
In order to clear the way for a Main Market listing, HVPE needs to ensure that US share ownership is below 50%. The Company believes that the US shareholder percentage is now below this level.
HVPE seeks to provide shareholders with superior, long-term capital growth while avoiding undue risk thanks to its diversification. HVPE currently gives investors exposure to 723 private equity funds and partnerships, including many of the industry’s best-performing GPs. Investors also get significant diversification at the underlying level, with exposure to 6,377 companies.
Sir Michael Bunbury, Chairman, HVPE, says: “We have made significant progress towards meeting the relevant criteria and are confident that HVPE will be introduced to London’s Main Market in early September. This will give the widest possible base of investors access to high-performing private equity funds.”
