HarbourVest Global Private Equity (HVPE) investor relations material

Executive summary

• Net assets reached $4.3bn with exposure to over 1,000 private companies as of 31 January 2026.

• NAV per share (USD) return was +9.7% and share price (GBP) return was +13.6% for the year.

• Share price total return over the last 10 years was +260%, with a 13.5% compound annual NAV per share growth rate.

• Distribution pool allocation doubled to 30% from February 2025, supporting shareholder returns.

• Asset sale in December generated $300m in net proceeds; $123m cash and $630m available facility at year-end.

Financial highlights

• Net gain on investments totaled $392m for the year ended 31 January 2026.

• 537 liquidity events occurred during the year.

• $375m committed to 2025 & 2026 SMA tranches; 2.4 million shares repurchased for $88m.

• Five-year portfolio IRR was 12%, with strongest performance in InfRA, Secondaries, and Europe.

• Realised uplift average since 2012 is 46%, with broad-based uplift across portfolio companies.

Outlook and guidance

• New commitments will be managed conservatively to preserve balance sheet strength.

• New commitments paused for the remainder of 2026; biannual secondary sale reviews and further capital returns of 5-10% of NAV until next continuation vote.

• AGM will include a continuation vote resolution.