HarbourVest Global Private Equity had an estimated economic net asset value of USD738.8m or USD8.90 per share as at 31 August 2010.
This represents a 1.6 per cent increase from the 31 July 2010 estimated economic NAV per share of USD8.76.
HarbourVest’s portfolio has been re-valued to reflect 30 June 2010 valuations, resulting in a USD0.22 increase in economic NAV per share, which was driven by increasing valuations for fund of funds. This change was partially offset by negative foreign currency movement (USD0.06 per share) and ongoing operating expenses (USD0.02 per share).
During the month, HarbourVest funded USD2.5m of capital calls and received USD5.0m in distributions, resulting in net positive cash flow of USD2.5m.
At 13 September 2010, there were 211,535 put rights remaining to be issued under HVPE’s liquidity plan, and 6,744,986 put rights are outstanding.
