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Charges

Ongoing charge (%)
0.98
Ongoing charge plus performance fee (%)
1.42
Ongoing charge date
31/01/2025
Download the AIC ongoing charge methodology
This company is a fund of funds.
Management agreement
The Investment Manager does not directly charge HVPE management fees or performance fees other than with respect to parallel investments. However, as an investor in the HarbourVest funds, HVPE is charged the same management fees and is subject to the same performance allocations as other investors in such HarbourVest funds. The total of all management fees in the 12 months to 31 January 2025 was equivalent to 0.62% of average NAV (12 months to 31 January 2024: 0.60%).
Performance fee
Yes
Performance fee rate
0.3
Performance fee details
Performance fees are charged on Secondary investments and Direct Co-investments (not on Primary investments which make up 50% of HVPE's portfolio). In total, these accounted for 0.30% of average NAV in the 6 months to 31 July 2025 (6 months to 31 July 2024: 0.14%). The performance fee figure varies from period to period and is driven by the performance achieved by the relevant HarbourVest funds.

A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.

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