Appointment of Director

HarbourVest Global Priv. Equity Ltd

15 May 2026

 

 

15 May 2026

Appointment of Director

HarbourVest Global Private Equity Limited ("HVPE" or the "Company"), a FTSE 250 investment company with global exposure to private companies, managed by HarbourVest Partners, today announces that Alan Devine has joined the Board as an Independent Non-Executive Director with effect from 14 May 2026.  Alan will also be a member of the Audit & Risk, Nomination, Remuneration and Management Engagement & Service Provider Committees.  Subject to shareholder approval of his election to the Board of the Company, the Board intends to appoint Alan as Senior Independent Director with effect from the conclusion of the Annual General Meeting, replacing Francesca Barnes who will not offer herself for re-election.

Alan is a Non-Executive Director ("NED") of the Bank of London & The Middle East where he holds the regulated position of Chair of the Risk Committee. He also chairs the Irish based private company known as GSLS, a PE led cash logistics business. Alan is also a Member of Court of Heriot-Watt University where he sits on the Donations & Investments Committee, and he currently acts as an advisor for a neobank. 

Alan has extensive Private Equity experience from both his Executive and Non-Executive career. He was NED and then Chair for Patria Private Equity Trust for some 12 years until late March past and he has acted as the Independent NED for certain Private Equity owned investment companies in the Financial Services space. 

Alan's Executive career spanned some 36 years at RBS where he held a number of Senior Executive leadership roles in commercial, corporate and investment banking across a range of asset classes.

Commenting on the appointment, Ed Warner, Chair of HVPE, said:

"I am delighted to welcome Alan to the Board of HVPE and to his future role as Senior Independent Director. Alan brings broad and relevant experience from his distinguished career in financial services and his long engagement with the private equity industry, which my Board colleagues and I believe will prove invaluable to HVPE and our shareholders. We look forward to working closely with Alan over the coming years."

Regulatory Disclosure

Alan (or any person considered a connected party) has a beneficial interest in 747 shares in the Company at the date of this announcement.

In the previous five years Alan has held the following directorships of publicly quoted companies:

Patria Private Equity Trust PLC

There is no information concerning Alan Devine which is required to be disclosed pursuant to UK Listing Rule 6.4.8 R (2) to (6) inclusive.

- ENDS -

LEI: 213800NBWV6WWV8TOL46 

Enquiries:

Shareholders
Richard Hickman	Tel: [phone]	[e-mail]
Stephanie Hocking	Tel: [phone]	[e-mail]
Camarco
Billy Clegg Jennifer Renwick Amrith Uppuluri	Tel: [phone] Tel: [phone] Tel: [phone]	[e-mail]
Media HarbourVest Partners		[e-mail]

Notes to Editors:

About HarbourVest Global Private Equity Limited:

HarbourVest Global Private Equity Limited ("HVPE" or the "Company") is a Guernsey-incorporated, closed-end investment company which is listed on the Main Market of the London Stock Exchange and is a constituent of the FTSE 250 index. HVPE is designed to offer shareholders long-term capital appreciation by investing in a private equity portfolio diversified by geography, stage of investment, vintage year, and industry. The Company invests in and alongside HarbourVest-managed funds which focus on primary fund commitments, secondary investments and direct co-investments in operating companies. HVPE's investment manager is HarbourVest Advisers L.P., an affiliate of HarbourVest Partners, LLC, an independent, global private markets asset manager with over 43 years of experience.

About HarbourVest Partners, LLC:

HarbourVest is an independent, global private markets firm with over 43 years of experience and $150 billion of assets under management as of December 31, 2025. Our interwoven platform provides clients access to global primary funds, secondary transactions, direct co-investments, real assets and infrastructure, and private credit. Our strengths extend across strategies, enabled by our team of more than 1,200 employees, including more than 225 investment professionals across Asia, Europe, and the Americas. We partner strategically and plan our offerings innovatively to provide our clients with access, insight, and global opportunities.

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. 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.

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, whose registered address is BNP Paribas House, St Julian's Avenue, St Peter Port, Guernsey, GY1 1WA

© 2026 HarbourVest Global Private Equity Limited. All rights reserved.

 

END