HarbourVest Global Private Equity’s estimated economic net asset value was USD762.1m or USD9.18 per share as at 30 September 2010.
This represents a 3.1 per cent increase from the 31 August 2010 estimated economic NAV per share of USD8.90.
The increase in economic NAV per share resulted from positive foreign currency movement (USD0.16 per share) and increases in the values of publicly-held securities (USD0.14 per share), partially offset by ongoing operating expenses (USD0.02 per share).
During the month, HVPE funded USD11.2m of capital calls and received USD17.3m in distributions, resulting in net positive cash flow of USD6.1m.
Also during September, HVPE committed a total of USD50.0m to the HarbourVest Partners IX programme, a US-focused fund of funds vehicle, which is currently raising capital.
HVPE allocated USD25m (50 per cent of the commitment) to HarbourVest IX Buyout, USD20m (40 per cent) to HarbourVest IX Venture, and USD5m (ten per cent) to HarbourVest IX Credit Opportunities.
