HarbourVest’s fund ups NAV

INVESTMENT scheme HarbourVest Global Private Equity yesterday said its net asset value (NAV) rose 1.5 per cent last month.

The listed fund of funds said NAV per share hit $11.19 (£7.06), up from $11.02 on 30 September.

The rise was driven by increases in the value of its publicly traded holdings and foreign currency movements in its favour.

HarbourVest also said 71 per cent of its portfolio is based in the US with most of the rest in Europe. There were 32 merger and acquisition deals in its portfolio last month.