HarbourVest Global Private Equity (tickers: HVPE and HVPD) was launched in late 2007 and is one of the largest funds in the private equity sector. It employs a fund-of-funds approach, investing in a range of HarbourVest vehicles that give access to a wide range of leading private equity managers and a very well-diversified underlying global portfolio of several thousand companies. It chooses not to pay a dividend but has one of the better performance records in the sector having outperformed global markets after costs by an annualised four percentage points over the past decade. There is a hig...