Brief: HarbourVest Global Says SVB Represents 2% Of Aggregate Cash, Cash Equivalents Held by Harbourvest Funds

Harbourvest Global Private Equity

13/03/2023 15:08

March 13 (Reuters) - HarbourVest Global Private Equity
Ltd  HVPEa.L :
    * HARBOURVEST GLOBAL  - HVPE PROVIDES UPDATE REGARDING
SILICON
VALLEY BANK
    * HARBOURVEST GLOBAL PRIVATE EQUITY LTD - SVB REPRESENTS
ONLY 2%
OF AGGREGATE CASH AND CASH EQUIVALENTS HELD BY HARBOURVEST
FUNDS.
    * HARBOURVEST GLOBAL PRIVATE EQUITY LTD - SVB PROVIDES
SUBSCRIPTION LINE CREDIT TO A SMALL NUMBER OF HARBOURVEST FUNDS
IN WHICH HVPE IS INVESTED.
    * HARBOURVEST GLOBAL PRIVATE EQUITY LTD - INITIAL ANALYSIS
SHOWS
THAT HVPE'S EXPOSURE IS LIMITED, WITH LESS THAN 6% OF
HARBOURVEST FUND-LEVEL BORROWING

Source text for Eikon:  ID:nRSM7911Sa 
Further company coverage:  HVPEa.L 

 ((Reuters.Briefs@thomsonreuters.com;))