Investment strategy

HPE 2008

£307m of commitments in 11 fund investments:

• 42% North America, 24% Asia-Pacific, 18% Europe and 16% global
• 54% large buyout, 17% mezzanine, 15% secondaries, 9% growth equity and 5% venture capital (as NAV + unfunded exposure)

HPE 2007

£535m of commitments in 22 fund investments:

• 46% North America, 31% Europe, 14% Global and 9% Asia-Pacific
• 46% large buyout, 16% mid-market buyout, 11% growth equity, 9% secondaries, 6% distressed, 5% small buyout, 4% venture capital and 3% fund of funds (as NAV + unfunded exposure)

HPE 2006

£539m of commitments in 21 fund investments:

• 50% Europe, 41% North America, 5% Global and 3% Asia-Pacific
• 56% large buyout, 17% mid-market buyout, 8% small buyout, 8% venture capital, 5% mezzanine, 4% secondaries and 2% growth capital (as NAV + unfunded exposure)

HPE 2005

£215m of commitments in 12 fund investments:

• 46% Europe, 44% North America, 10% Asia-Pacific
• 40% mid-market buyout, 17% growth capital, 13% mezzanine, 11% fund of funds, 10% large buyout and 9% venture capital (as NAV + unfunded exposure)

HPE 2004

£368m of commitments in 28 fund investments from 1998-2004

• 49% North America, 43% Europe and 8% Asia-Pacific
• 30% small buyout, 22% mid-market buyout, 21% venture capital, 13% large buyout, 7% fund of funds, 6% growth capital and 1% mezzanine

 

HUOB European Fund of Funds (2004 Vintage)

€117m of commitments in 15 fund investments

• Primarily invested in European buyouts, with some exposure to European venture capital and mezzanine funds

As at 31 March 2009, commitment figures converted to sterling at prevailing foreign exchange rates.