HarbourVest Global Private Equity Announces $500M Shareholder Payout to Reduce NAV Discount
HarbourVest Global Private Equity (LON:HVPE) has announced a 6-point plan to address its persistent high-20% NAV discount, including a $500 million payout to shareholders in 2026. The plan includes a $400 million tender offer and $100 million in share buybacks, alongside measures to allocate all secondary sale proceeds to a Distribution Pool. The company has also suspended new commitments and will hold a continuation vote by July 2029.
Topics: buybacks NAV discount share price discount shareholder initiatives tender offers