30.05.2008 – 09:00

HarbourVest Global Private Equity Limited

HarbourVest Global Private Equity Limited Announces Audited Results for the Period Ended 31 January 2008

St Peter Port, Guernsey (ots/PRNewswire)

HarbourVest
Global Private Equity Limited ("HVPE"), a closed-end Investment
company listed on Euronext Amsterdam by NYSE Euronext, today
announces its audited results for the period from inception to 31
January 2008 and the publication of its first Annual Report.

As of 31 January 2008, HVPE had a net asset value ("NAV") of
U.S.$862 million or U.S.$10.39 per share. This represents a 3.9%
increase since listing in December 2007 at an NAV of U.S.$830 million
or $10.00 per share.

This increase in value reflects realised investment gains of
U.S.$0.74 per share, which were partially offset by unrealised
investment losses of U.S.$0.27 per share, as well as operating
expenses and up-front costs associated with the company's credit
facility.

In general, investment valuations increased during the reported
period across venture and buyout due to increases in the value of
private companies. The largest gains were seen from HVPE's
commitments to more mature HarbourVest funds (formed in 1998, 1999,
and 2001). The gains were partially offset by a net decrease in the
value of public holdings resulting from volatility in global public
markets during January 2008.

The audited 31 January 2008 NAV of U.S.$10.39 per share is higher
than the estimated NAV of U.S.$10.25 per share reported in the
Monthly Update for 31 January 2008, in light of additional financial
information received from the underlying fund managers after that
date.

Additional portfolio highlights at 31 January 2008 include:

- HVPE is 98% invested, compared to 91% at listing.
    - Total private equity exposure is U.S.$1,537 million, a 178% commitment
      level.
    - The geographic diversification of HVPE's portfolio is 58% U.S., 33%
      Europe, 4% Asia and 5% rest of world.
    - HVPE's venture assets represent 41% of the portfolio, while medium
      buyouts represent 30%, small buyouts 19%, large buyouts 8%, and other
      2%.
    - HVPE is also highly diversified across vintage year, from 1993 through
      2007, as well as by industry.
    - From listing to 31 January 2008, HVPE funded U.S.$21 million of capital
      calls and received U.S.$48 million in distributions, in addition to
      purchasing assets for cash.
    The company's Annual Report provides further detail on:
    - Largest underlying managers based on NAV
    - Diversification by NAV and by NAV plus unfunded commitments
    - Largest underlying company investments
    - Publicly-listed holdings
    - Currency exposure

HVPE will host a conference call and webcast reviewing the
company and these results for investors and analysts on 4 June 2008
at 17.00 Amsterdam / 16.00 London and Guernsey / 11:00 Boston. The
dial-in details, investor presentation, and webcast of the conference
call will be available on the Investor Relations section of HVPE's
web site, http://www.hvgpe.com, where it will be archived.

The Annual Report and Audited Financial Statements can be
obtained on HVPE's website, http://www.hvgpe.com, under Investor
Relations > Reports &  Filings.

Notes to Editors:

About HarbourVest Global Private Equity Limited:

HarbourVest Global Private Equity Limited ("HVPE") is a
Guernsey-incorporated closed-end investment company listed on
Euronext  Amsterdam by NYSE Euronext, the regulated market of
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. To learn
more about HVPE, please  visit http://www.hvgpe.com.

About HarbourVest Partners, LLC:

HarbourVest is an independent global private equity investment
firm and an SECregistered 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 invested U.S.$29 billion over its 25-year
history. It currently has 201 employees in its Boston office and
London and Hong Kong subsidiaries.

http://www.harbourvest.com.

This release does not contain or constitute an offer to sell or a
solicitation of an offer to purchase securities in the United States.
The securities of HVPE have not been and will not be registered under
the United States Securities Act of 1933 (the "Securities Act"), as
amended, and may not be offered or sold in the United States or to
U.S. persons unless they are registered under applicable law or
exempt from registration. HVPE does not intend to register any
portion of its securities in the United States or to conduct a public
offer of securities in the United States. In addition, HVPE  has not
been and will not be registered under the United States Investment
Company Act of 1940, and investors in HVPE are not entitled to the
benefits  of such Act.

Contact:

Enquiries: HarbourVest, Laura Thaxter, Tel: +1-617-348-3695;
Maitland, Lydia Pretzlik, Anthony Silverman, Tel: +44(0)20-7379-5151