Statement re HVPE Participation in Absolute Ten...

31 August 2011

                   HARBOURVEST GLOBAL PRIVATE EQUITY CONFIRMS
                   PARTICIPATION IN ABSOLUTE TENDER OFFER AND
                    ANNOUNCES CONFERENCE CALL ON 7 SEPTEMBER

·        Offer was well received with more than 98% of shares tendered
·        Transaction encompasses the purchase of a mature portfolio of interests
in more than 70 private equity funds, including 2000 to 2008 vintages
·        HVPE's commitment is expected to be approximately $115 million or 14%
of the transaction
·        Offer price represents a 30% discount to Absolute's NAV and is expected
to be accretive to HVPE's NAV

HarbourVest Global Private Equity Limited ("HVPE" or the "Company"), a closed-
end investment company, today confirmed its participation in the public offer
for all bearer shares of Absolute Private Equity, Ltd. ("Absolute"), alongside
secondary funds managed by HarbourVest Partners, LLC.  The preliminary final
result, announced today, indicates that 98.68% of Absolute shareholders have
tendered.  The definitive final result will be announced on 5 September 2011 and
is not expected to be materially different.

Absolute is an investment company incorporated in Switzerland and listed on SIX
Swiss Exchange with a pool of over 70 private equity partnerships.  The
underlying portfolio is broadly diversified by vintage, geography, and industry
and will thus complement HVPE's diversified portfolio.

In the light of the attractive nature of the transaction and in the knowledge
that HarbourVest has confirmed that Absolute will be taken private, HVPE has
increased its commitment to 14% of the transaction, or approximately $115
million.  This financial commitment will be reduced should HarbourVest decide
that the acquisition vehicle will borrow funds under its own credit facility.
The increased commitment was recommended by the investment manager and approved
by the Board of Directors.

The tender offer represents a 30% discount to Absolute's most recently reported
net asset value per share (as of 19 August 2011).  As detailed in the offer
prospectus, HarbourVest intends to take Absolute private.  Based on the discount
and the maturity of the portfolio, this transaction is expected to be accretive
to HVPE's NAV per share when Absolute becomes a private company, which is
expected to occur in 2012.

The investment will be held through an acquisition vehicle.  HVPE's interest
will be financed through the use of its existing $500 million credit facility.
The acquisition vehicle may also have a credit facility. Substantially all of
the purchase price of HVPE's interest in Absolute is expected to be repaid
through distributions generated by the mature Absolute portfolio over the next
three years.  This transaction is not expected to affect HVPE's previously
announced Share Buyback Programme.

Sir Michael Bunbury, Chairman of HVPE  commented: "We are pleased that the offer
for Absolute has reached such a high level of tenders, allowing HarbourVest to
act on its plan to take Absolute private in the near term.  This transaction
allows HarbourVest Global Private Equity to be opportunistic in its investment
approach and participate in the purchase of an attractive portfolio of private
equity assets at a significant discount to NAV.  Given the maturity of the
portfolio, the cash on the balance sheet, and the near term liquidity expected
from Absolute's assets, the Board believes this is a positive and appropriate
use of the company's credit facility."

The transaction is expected to close on September 13.

Details of 7 September Conference Call

HVPE will host a conference call for investors and analysts to discuss the
Absolute investment.  The conference call will be on Wednesday, 7 September
2011 at the following times:  17.00 Amsterdam / 16.00 London and Guernsey /
11.00 Boston

The conference call will be accessible via the following numbers:
0800 028 8438 (U.K./Europe toll-free)
[phone] (U.K. local)
[phone] (International)
888 880 9337 (U.S. / Canada toll-free)

The participant passcode is 96156390.

Enquiries:

 HarbourVest / HVPE

 Laura Thaxter                  Tel: [phone]
                                [e-mail]

 George Anson                   Tel: [phone]



 Fishburn Hedges

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


Notes to Editors:

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 $30 billion to investments over its 29-year
history. It currently has more than 230 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.

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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