LONDON, June 3, 2015 /PRNewswire/ --
Edison Investment Research, a leading international investment research firm, announces the initiation of full coverage of HarbourVest Global Private Equity
Highlights of the analysis on HarbourVest Global Private Equity by Edison's financial analysts Andrew Mitchell and Gavin Wood include:
HarbourVest Global Private Equity is a Guernsey-incorporated, London/Amsterdam-listed closed-end investment company that aims to deliver long-term capital appreciation while avoiding undue risk by investing in a portfolio of private equity investments diversified by stage, geography, strategy, and industry.
HVPE's current discount of nearly 18% compares with a private equity sector average of about 15%, excluding 3i, and c 16% for a subset of fund of fund companies. In view of the company's performance record there would seem to be scope for the discount to narrow. To this end the board maintains a focus on improving the liquidity in the shares and is working on transferring its listing to the London Stock Exchange Main Market with a move to a single, voting share class forming part of this process.
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About Edison: Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support its capital markets activity. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority (http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584).
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For more information please contact:
Andrew Mitchell, Edison Investment Research, +44(0)20-3681-2500
Gavin Wood, Edison Investment Research, +44(0)20-3681-2503
SOURCE Edison Investment Research