HarbourVest Global Results Of Audit Tender And Committee Appointments
May 22 2017 - 11:43AM
UK Regulatory
TIDMHVPE
HarbourVest Global Private Equity Limited
Results of Audit Tender and Committee Appointments
As announced in the Company`s annual report for the financial year ended
31 January, 2017, the Audit Committee has recently conducted a tender
process to determine the most suitable firm to act as the Company`s
auditor.
Four potential audit firms were asked to indicate their interest in the
appointment and to provide certain initial information. The Audit
Committee then met with two shortlisted firms on 2 May, 2017 and,
following a robust tender process recommended that Ernst & Young LLP
("EY") should continue in office as auditor to the Company and the Board
accepted and approved the Audit Committee`s recommendation.
A resolution to re-appoint EY as auditor of the Company will be put to
the next Annual General Meeting of the Company as per previous years.
The Board is also pleased to announce that, effective 18 May, 2017,
Francesca Barnes, an independent non-executive director of the Company,
was appointed to the Audit, Service Provider and Nomination Committees
of the Company.
Enquiries:
HVPE
Richard Hickman Tel: +44 (0)20 7399 9847 rhickman@harbourvest.com
Charlotte Edgar Tel: +44 (0)20 7399 9826 cedgar@harbourvest.com
HarbourVest Partners
Laura Thaxter Tel: +1 (617) 348 3695 lthaxter@harbourvest.com
MHP Communications
Jamie Ricketts / Mark Tel: +44(0)20 3128 8100 hvpe@mhpc.com
Lunn / Kelsey Traynor
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 investment specialist with more than
30 years of experience.
About HarbourVest Partners, LLC:
HarbourVest is an independent, global private markets asset manager with
more than 30 years of experience and more than $40 billion in assets
under management. The Firm's powerful global platform offers clients
investment opportunities through primary fund investments, secondary
investments, and direct co-investments in commingled funds or separately
managed accounts. HarbourVest has more than 400 employees, including
more than 100 investment professionals across Asia, Europe, and the
Americas. This global team has committed more than $34 billion to
newly-formed funds, completed over $16 billion in secondary purchases,
and invested $6 billion directly in operating companies. Partnering with
HarbourVest, clients have access to customised solutions, longstanding
relationships, actionable insights, and proven results.
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.
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
Ground Floor Dorey Court, Admiral Park, St Peter Port, Guernsey, GY1
2HT.
(c) 2017 HarbourVest Global Private Equity Limited. All rights reserved.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
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
http://www.hvgpe.com/
(END) Dow Jones Newswires
May 22, 2017 12:43 ET (16:43 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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