Statement re HARBOURVEST GLOBAL PRIVATE EQUITY ...

5 May 2011
INFORMATION REGARDING HARBOURVEST GLOBAL PRIVATE EQUITY SHARE BUY-BACK PROGRAMME

HarbourVest  Global Private Equity Limited ("HVPE"  or the "Company"), a closed-
end  investment company, has  taken steps to  implement its previously announced
share  buy-back  programme  (the  "Buyback  Programme")  with  the  objective of
decreasing the discount to NAV at which HVPE's shares are currently trading. The
Buyback  Programme will  commence with  effect from  5 May 2011 and,  subject to
extension, end on 4 May 2012.

HVPE  has appointed JPMorgan  Cazenove and Oriel  Securities Limited (the "Joint
Brokers")  to effect on-market repurchases of class A ordinary shares ("Shares")
on  behalf of  the Company  on the  Specialist Fund  Market of  the London Stock
Exchange plc (the "SFM").

Pursuant  to and during the term of the Buyback Programme, the Joint Brokers may
on  instruction from HVPE,  or in any  close period during  such time HVPE would
otherwise  be prohibited  from purchasing  its own  Shares, independently of, at
their  absolute discretion and without influence  by HVPE,  purchase Shares from
time to time provided that:

 i. the maximum aggregate number of Shares authorised to be purchased (including
    the   6,851,486 Shares   underlying  the  Company's  Put  Rights)  shall  be
    12,441,700 (representing  14.99 per cent. of the Shares in issue on the date
    of this announcement); and


 ii. with  respect  to  the  Shares  purchased  in  the market under the Buyback
     Programme, the minimum price payable by the Company for each Share shall be
     $0.01  and the maximum price payable by the Company for each Share shall be
     not  more than 105 per cent. of the average of the middle market quotations
     for  the Shares for the five business days immediately preceding the day on
     which  that Share is  purchased. For clarification,  the above limits shall
     not  be applicable to any Shares repurchased  by the Company as a result of
     the exercise of the Put Rights.


The  reference  to  Put  Rights  above  relates  to the Put Rights issued by the
Company  pursuant to the Secondary Placing  and Market Put Right Offer announced
by  the Company on 18 May 2010, pursuant to  which the holders of Put Rights are
entitled  sell the number of Shares to which their Put Rights relate back to the
Company  on 15 November 2011 at the lower of  (i) US$5.75 and (ii) the estimated
Economic NAV per Share as at 31 October 2011.

No Shares have been bought back by the Company to the date of this announcement.

Share  buy-backs  under  the  Buyback  Programme  will  be  made pursuant to the
shareholder authority granted to the Company on 3 May 2011.

Due to the limited liquidity in the Shares, a buy-back of Shares pursuant to the
Buyback  Programme  on  any  trading  day  is  likely to represent a significant
proportion  of the daily trading volume in the  Shares on the SFM (and is likely
to  materially exceed the  25 per cent. and  50 per cent. limits  of the average
daily  trading  volume  during  April  2011 as  referred  to  in  the Commission
Regulation (EC) No. 2273/2003 on buy-back programmes).

HVPE will make a public announcement of any market repurchase of Shares no later
than  7:30a.m. (London  time)/8:30a.m.  (Amsterdam  time)  on  the  business day
following  the calendar day on which the repurchase occurred. Shares bought back
under the Buyback Programme will be cancelled.

Enquiries:

HVPE
Steve Belgrad      Tel: [phone]

HarbourVest
Laura Thaxter      Tel: [phone]

Fishburn Hedges
Michelle James/Jason Nisse    Tel: [phone]
[e-mail]

About HarbourVest Global Private Equity Limited:
HarbourVest Global Private Equity Limited ("HVPE") is a Guernsey-incorporated
closed-end investment company which has a dual listing on both the London Stock
Exchange and Euronext Amsterdam. HVPE is registered as an investment institution
with the Netherlands Authority for the Financial Markets. HVPE is designed to
offer shareholders long-term capital appreciation by investing in a private
equity portfolio diversified by geography, by stage of investment, by vintage
year, and by industry. It invests in and alongside HarbourVest-managed funds
which focus on primary partnership commitments, secondary investments, and
direct investments in operating companies. HVPE is advised by HarbourVest
Advisers L.P., an affiliate of HarbourVest Partners, LLC.

About HarbourVest Partners, LLC:
HarbourVest  is an independent global private  equity investment firm and an SEC
registered investment advisor, providing vehicles for institutional investors to
invest  in  the  venture  capital  and  buyout  markets in the U.S., Europe, and
elsewhere   through   primary  partnerships,  secondary  purchases,  and  direct
investments.  It was formed in 1982 and  has committed more than U.S.$30 billion
to  investments over its 29-year history.  It currently has 236 employees in its
Boston office and London, Hong Kong, and Tokyo subsidiaries.

This  announcement is for  information purposes only  and does not constitute or
form  part of any  offer to issue  or sell, or  the solicitation of  an offer to
acquire,  purchase  or  subscribe  for,  any  securities in any jurisdiction and
should  not be relied upon  in connection with any  decision to subscribe for or
acquire any Shares. In particular, this announcement does not constitute or form
part  of any offer to issue or sell, or the solicitation of an offer to acquire,
purchase  or subscribe for, any securities in the United States or to US Persons
(as defined in Regulation S under the US Securities Act of 1933, as amended ("US
Persons")). Neither this announcement nor any copy of it may be taken, released,
published or distributed, directly or indirectly to US Persons or in or into the
United  States (including its territories and possessions), Canada, Australia or
Japan,  or any  jurisdiction where  such action  would be unlawful. Accordingly,
recipients  represent that  they are  able to  receive this announcement without
contravention  of  any  applicable  legal  or  regulatory  restrictions  in  the
jurisdiction  in  which  they  reside  or  conduct  business.  No  recipient may
distribute, or make available, this announcement (directly or indirectly) to any
other person. Recipients of this announcement should inform themselves about and
observe any applicable legal requirements in their jurisdictions.

The  Shares have not been and will not be registered under the US Securities Act
of  1933, as amended  (the "Securities  Act") or  with any securities regulatory
authority  of  any  state  or  other  jurisdiction  of  the  United  States and,
accordingly,  may  not  be  offered,  sold,  resold,  transferred,  delivered or
distributed,  directly or indirectly, within the United States or to US Persons.
In  addition, the Company is not registered  under the US Investment Company Act
of  1940, as  amended  (the  "Investment  Company  Act") and shareholders of the
Company will not have the protections of that act. There will be no public offer
of the Shares in the United States or to US Persons.

This  announcement has been prepared by  the Company and its investment manager,
HarbourVest  Advisers L.P.  (the "Investment  Manager"). No liability whatsoever
(whether in negligence or otherwise) arising directly or indirectly from the use
of this announcement is accepted and no representation, warranty or undertaking,
express or implied, is or will be made by the Company, the Investment Manager or
any    of   their   respective   directors,   officers,   employees,   advisers,
representatives  or other  agents ("Agents")  for any  information or any of the
opinions contained herein or for any errors, omissions or misstatements. None of
the  Investment Manager  nor any  of their  respective Agents  makes or has been
authorised  to make  any representation  or warranties  (express or  implied) in
relation  to the Company  or as to  the truth, accuracy  or completeness of this
announcement, or any other written or oral statement provided. In particular, no
representation  or warranty is given as to the achievement or reasonableness of,
and  no  reliance  should  be  placed  on any projections, targets, estimates or
forecasts  contained in this announcement and nothing in this announcement is or
should be relied on as a promise or representation as to the future.

Other  than as required by applicable laws,  the Company gives no undertaking to
update  this  announcement  or  any  additional  information,  or to correct any
inaccuracies  in  it  which  may  become  apparent  and the distribution of this
announcement.  The information  contained in  this announcement  is given at the
date  of its publication and is subject to updating, revision and amendment. The
contents of this announcement have not been approved by any competent regulatory
or supervisory authority.

This announcement includes statements that are, or may be deemed to be, "forward
looking  statements". These forward looking statements  can be identified by the
use  of forward looking terminology, including the terms "believes", "projects",
"estimates",  "anticipates",  "expects",  "intends",  "plans", "goal", "target",
"aim", "may", "will", "would", "could", "should" or "continue" or, in each case,
their  negative  or  other  variations  or comparable terminology. These forward
looking statements include all matters that are not historical facts and include
statements  regarding  the  intentions,  beliefs  or current expectations of the
Company.   By  their  nature,  forward  looking  statements  involve  risks  and
uncertainties because they relate to events and depend on circumstances that may
or  may not  occur in  the future  and may  be beyond  the Company's  ability to
control  or predict.  Forward looking  statements are  not guarantees  of future
performance.  More  detailed  information  on  the potential factors which could
affect the financial results of the Company is contained in the Company's public
filings and reports.

J.P.  Morgan  Securities  Ltd.  (which  conducts  its  UK investment banking and
corporate  broking business as JP Morgan  Cazenove) and Oriel Securities Limited
are  acting for  the Company  in connection  with the  matters described in this
Announcement  and (unless otherwise expressly agreed)  no one else, and will not
be  responsible to anyone  other than the  Company for providing the protections
afforded  to clients of J.P. Morgan  Securities Ltd. or Oriel Securities Limited
or for providing advice to any other person in connection therewith.

HarbourVest  Global Private  Equity Limited  is registered  with the Netherlands
Authority  for the Financial Markets as a collective investment scheme which may
offer  participations  in  The  Netherlands  pursuant  to  article  2:66 of  the
Financial  Markets  Supervision  Act  (Wet  op  het  financieel  toezicht).  All
investments  are subject  to risk.  Past performance  is no  guarantee of future
returns.  Prospective investors are advised to seek expert legal, financial, tax
and  other professional advice before making  any investment decision. The value
of  investments may fluctuate. Results achieved in  the past are no guarantee of
future results.

This  announcement  is  issued  by  the  Company,  which  is registered with the
Netherlands  Authority for the Financial Markets and whose registered address is
at Anson Place, Mill Court, La Charroterie, St Peter Port, Guernsey GY1 1EJ.
© 2011 HarbourVest Global Private Equity Limited. All rights reserved.








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Source: HarbourVest Global Private Equity Limited via Thomson Reuters ONE

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