Statement re New Board Committees

Statement re New Board Committees

24 November 2015

NEW BOARD COMMITTEES

The Board of Directors of HarbourVest Global Private Equity Limited ("HVPE" or the "Company") has resolved to delegate some of its duties to permanent Board committees and adopted terms of reference for the new committees. The new committees are the Service Provider Committee and the Nomination Committee. The work undertaken by the new committees was previously performed by the Board as a whole.

The Company's committees and their membership are set out below. Each committee reports to the Board and will report on its work during the year to the shareholders in the annual report.

The Audit Committee is chaired by Keith Corbin. The other members are Alan Hodson and Andrew Moore. The other directors may attend by invitation.

The Service Provider Committee will be chaired by the Company's Chairman, Sir Michael Bunbury. The other members are Jean-Bernard Schmidt and Mr Hodson and Mr Moore. The other directors may attend by invitation.

The Nomination Committee will also be chaired by Sir Michael. Its members are Mr Corbin, Mr Hodson, Mr Moore and Mr Schmidt, being all of the independent directors of the Company. The other directors may attend by invitation.

The committees' membership and terms of reference are available for inspection on the Company's website: www.hvpe.com.

 Enquiries:

   
HarbourVest    
Richard Hickman Tel: +44 (0) 20 7399 9847  rhickman@harbourvest.com
Laura Thaxter Tel: +1 (617) 348 3695 lthaxter@harbourvest.com
     
Fishburn    
Del Jones
Ludo Baynham-Herd
Tel: +44 (0) 20 7092 2222 HVPE@thisisfishburn.com
   
    

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 Partners, LLC is an independent private markets specialist, providing investment programs and customized solutions focused on venture capital, buyout, mezzanine debt, credit, and real assets through primary fund investments, secondary purchases, and direct co-investments. HarbourVest has more than 300 employees in Asia, Europe, Latin America, and North America. In more than 30 years of investing in private equity, the team has committed more than $29 billion to newly-formed funds, completed over $12 billion in secondary purchases, and invested $4 billion directly in operating companies. The firm's clients include pension funds, endowments, foundations, and financial institutions around the globe.




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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: HarbourVest Global Private Equity Limited via Globenewswire

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