Statement re HARBOURVEST-MANAGED SECONDARY FUND...

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART TO US PERSONS OR IN, INTO OR WITHIN THE UNITED STATES (INCLUDING ITS
TERRITORIES AND POSSESSIONS), CANADA, AUSTRALIA OR JAPAN OR ANY OTHER
JURISDICTION IN WHICH ITS RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES OR THE
SOLICITATION OF AN OFFER TO ACQUIRE SECURITIES IN THE UNITED STATES, CANADA,
AUSTRALIA OR JAPAN OR IN ANY OTHER SUCH JURISDICTION.


26 April 2011

                    HARBOURVEST-MANAGED SECONDARY FUNDS AND
                   HARBOURVEST GLOBAL PRIVATE EQUITY LIMITED
  ANNOUNCE PUBLIC OFFER FOR ALL BEARER SHARES OF ABSOLUTE PRIVATE EQUITY, LTD.

  * Tender offer FOR $17.25 PER ABSOLUTE SHARE worth up to
    $752 million
  * Absolute's Board of Directors will recommend THAT Absolute's shareholders
    accept the offer



HarbourVest Partners, LLC ("HarbourVest"), a leading global private equity firm,
announced   today   that   HarbourVest-managed  secondary  funds  together  with
HarbourVest  Global  Private  Equity  Limited  ("HVPE"), a closed-end investment
company,  will,  through  an  acquisition  vehicle,  make a public offer for all
bearer  shares  of  Absolute  Private  Equity,  Ltd.  ("Absolute")  currently in
circulation.  Absolute is an investment  company incorporated in Switzerland and
listed on SIX Swiss Exchange.

The  tender offer  is for  $17.25 cash  per Absolute  share and  is subject to a
minimum  acceptance level of  50.01% and other customary  conditions. At a 100%
acceptance  level, the  transaction values  Absolute at  $752 million.  The pre-
announcement  of  the  public  tender  offer  was  issued  today,  and the offer
prospectus will be published at the latest in early June 2011.  Absolute's Board
of  Directors supports the offer  and intends in its  formal report to recommend
that its shareholders accept the offer.

Absolute  primarily  invests  in  private  funds  across  various sectors of the
private  equity market focusing  on US, European  and other international buyout
and  venture capital funds.  The NAV per  share of Absolute  is $24.16 as of  21
April  2011, and the  60 day volume  weighted average  share price  on SIX Swiss
Exchange is $16.25 as of 21 April 2011.

"HarbourVest  is a  leading global  private equity  investment firm and an ideal
partner  for  Absolute  Private  Equity  with  its  large experience in managing
private  equity  partnership  portfolios,"  says  Thomas  Amstutz,  Chairman  of
Absolute Private Equity AG. "This transaction offers shareholders an opportunity
to  exit their  investment for  cash at  an attractive  price, whilst it enables
others to remain invested alongside an experienced partner."

"HarbourVest's secondary team is focused on finding unique transactions where it
can  provide  solutions  for  private  equity  asset  owners," said John Toomey,
managing  director of HarbourVest Partners, LLC.   "We are pleased to be working
on  a  cooperative  basis  with  the  board  of  Absolute. This is an attractive
opportunity  for  HarbourVest-managed  secondary  funds  and  HVPE  to acquire a
significant stake in a portfolio of high-quality, global private equity assets."


HarbourVest's  flagship secondary fund, Dover Street  VII L.P., is a global fund
with  $2.9 billion in  commitments from investors.   Dover Street VII, which was
oversubscribed,  closed in April 2009 and makes secondary investments in venture
capital,  leveraged  buyout,  and  other  private  equity  assets,  as  well  as
portfolios of operating companies.

The  transaction is  expected to  be completed  in the  third quarter  of 2011.
 HarbourVest  has  been  advised  by  Debevoise  &  Plimpton  LLP and Pestalozzi
Attorneys at Law Ltd.

Additional Information Regarding HVPE's Participation

HVPE's  direct commitment to the transaction  is expected to be 10%, which would
be  at least $38  million, depending on  the results of  the tender offer.  HVPE
intends  to fund  its commitment  through the  use of  its existing $500 million
credit  facility.  This transaction will  not affect HVPE's previously announced
share  buy-back programme or its ability to pay off its credit facility prior to
its expiration in December 2014.

Sir   Michael   Bunbury,  chairman  of  HVPE,  said:  "This  transaction  allows
HarbourVest Global Private Equity to be opportunistic in its investment approach
and  draw on its relationship with the  investment manager to participate in the
purchase  of  an  attractive  portfolio  of  private  equity  assets.  Given the
maturity of the portfolio, the Board believes this is a positive and appropriate
use of the company's credit facility."

Enquiries:

 Fishburn Hedges

 Michelle James/Alastair Fairbrother   Tel: [phone]
                                       [e-mail]



 Farner Consulting AG

 Urs Knapp/Maurus Staubli              Tel.: [phone]
                                       [e-mail]



 HarbourVest

 Laura Thaxter                         Tel.: [phone]


 HVPE
 Steve Belgrad                         Tel.: [phone]



Notes to Editors:

About HarbourVest Partners, LLC:
HarbourVest  Partners, LLC  is an  independent global  private equity  firm that
invests  in venture capital, buyout, mezzanine debt, and distressed debt through
primary  partnerships, secondary purchases, and direct investments. Since 1984,
HarbourVest  has been  a leading  buyer of  private equity  assets, acquiring $8
billion  of  assets  in  over  350 deals  of  all  stages,  types, vintages, and
geographies   and  working  with  all  types  of  sellers,  including  financial
institutions,  corporations, pension plans, government entities, endowments, and
family offices. This flexibility enables HarbourVest to offer sellers of private
equity  comprehensive  liquidity  solutions.  Over  the  years,  more  than 300
institutional  investors throughout the U.S., Canada, Europe, Latin America, and
Asia  have  committed  over  US$30 billion  to  funds managed by HarbourVest. It
currently  has 236 employees  in its  Boston office  and London,  Hong Kong, and
Tokyo subsidiaries.

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.


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.  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  of  America, its territories and
possessions,  any state  of the  United States  of America  and the  District of
Columbia  (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,  Canada, Australia or Japan, or any jurisdiction where such action would
be unlawful.

General

The  Offer  will  not  be  made,  directly  or  indirectly,  in  any  country or
jurisdiction  (each,  a  "Restricted  Territory")  in  which  the Offer would be
illegal  or would  otherwise violate  any applicable  law or ordinance, or which
would require Offeror to change the terms or conditions of the Offer in any way,
to  submit any  additional filing  to, or  to perform  any additional  action in
relation to, any governmental, regulatory or legal authority. It is not intended
to extend the Offer to any Restricted Territory. Documents relating to the Offer
must  not  be  distributed  in  or  sent  to  any Restricted Territory. Any such
documents must not be used for the purpose of soliciting the sale or purchase of
securities  by any person  or entity resident  or incorporated in any Restricted
Territory.   The Offer has not  yet commenced.  Once the  Offer commences, if at
all,  Absolute will provide to its  shareholders documents relating to the Offer
in  accordance  with  applicable  law,  except  to  shareholders resident in any
Restricted Territory.


United States

The Offer will not be made directly or indirectly in, into or by use of the mail
of,  or by any means or instrumentality of interstate or foreign commerce of, or
any  facilities of a national securities exchange  of, the United States and may
only  be accepted outside the  United States. This includes,  but is not limited
to, facsimile transmission, telex or telephone or electronic transmission by way
of  the internet or  otherwise. This pre-announcement,  the offer prospectus and
any  other offering materials with respect to  the Offer must not be distributed
in  or  sent  to  the  United  States  and  must  not be used for the purpose of
soliciting  the sale or purchase of any  securities of Target from anyone in the
United  States. Offeror is not soliciting the  tender of securities of Target by
any  holder of such securities in the  United States. Target securities will not
be  accepted from  holders of  such securities  in the  United States, including
agents,  fiduciaries or other intermediaries acting on a non-discretionary basis
for  holders giving  instructions from  within the  United States. Any purported
acceptance  of the Offer that Offeror or its  agents believe has been made in or
from  the United States will be invalidated. Offeror reserves the absolute right
to  reject any and all acceptances determined by it not to be in the proper form
or the acceptance of which may be unlawful.

United Kingdom

This press release is not an invitation nor is it intended to be an inducement
to engage in investment activity for the purposes of the restrictions on
financial promotion set out in Section 21 of the Financial Services and Markets
Act 2000 of the United Kingdom (the "FSMA"). To the extent that this press
release does constitute an inducement to engage in any investment activity, it
is directed only at: (i) persons who are outside the United Kingdom, (ii)
persons who are investment professionals within the meaning of Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as
amended) of the United Kingdom (the "Financial Promotion Order"); (iii) persons
who fall within Articles 49(2)(a) to (d) ("high net worth companies,
unincorporated associations etc.") and Article 43(2) of the Financial Promotion
Order; and (iv) any other persons to whom this press release can lawfully be
communicated without breaching the prohibition on financial promotion in Section
21 of FSMA or any other relevant legislation (all such persons together being
referred to as "relevant persons"). This press release must not be acted on or
relied upon by persons other than relevant persons. Any invitation or inducement
to engage in any investment activity included within this press release is
available only to relevant persons and will be engaged in only with relevant
persons. Anyone other than a relevant person must not rely on this press
release.

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 HarbourVest and 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 Partners, LLC and HarbourVest Global Private Equity Limited.
All rights reserved.













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     originality of the information contained therein. 
    
Source: HarbourVest Global Private Equity Limited via Thomson Reuters ONE

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