HarbourVest Global Private Equity Ltd. (HVPQF) Discusses Investor-Friendly Initiatives and Tender Offer Following Annual Results Transcript

Operator

Good afternoon, and welcome to the HarbourVest Global Private Equity Investor Presentation. [Operator Instructions] Company may not be in a position to answer every question received during the meeting itself. However the company can review all questions submitted today and publish responses where appropriate to do so. Before we begin, we’d like to submit the following poll. I’d now like to hand over to Ed Warner, Chair. Good afternoon, sir.

Edmond Warner

Good afternoon. Thank you, and thank you, everybody, for attending this afternoon. Temperatures dropped a little bit, so you’d probably rather be outside than in front of your screen. So we very much appreciate your time today. We’ve had a number of these investor meet company presentations over the last few years. And those of you that have been on a number of them or through all of them will know that we have introduced a series of very investor-friendly measures to the governance of HVPE in recent years, culminating in our most recent announcements, which include a tender offer for 10% of the shares of the company that will be conducted this autumn at a discount of around 10%, which we think is market-leading, certainly in our space within listed private equity and is part of a package of actions that we’ve taken to ensure that we are [indiscernible] focused on the interest of you as investors and shareholders, which I am myself too, to deliver returns which beat the competition, beat the market and enable you to not only diversify your portfolios, but most importantly, to capture all that’s great about private markets opportunities that exist across the world, which you may well not