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Buy HarbourVest Global for diversified private equity

Private equity prospects are picking up with discounts still wider than the historic average
Buy HarbourVest Global for diversified private equity
  • HarbourVest Global Private Equity's activity is picking up 
  • A wide discount looks like an attractive entry point 
IC TIP: Buy at 1854p
Tip style
Growth
Risk rating
High
Timescale
Long Term
Bull points
  • Good long-term performance
  • Diversified exposure
  • Recent uplift in valuations
  • Wide discount to NAV
Bear points
  • Relatively high fees

While there are hundreds of investment trusts that invest in listed equities, there are only a handful for investors looking to access private markets. Investors' first decision is between a trust that invests directly in unquoted companies, of which there are at least seven, or a trust that invests in a portfolio of private equity funds, of which there are five, according to Winterflood data.

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