25
September 2024
Transaction in Own
Shares
HarbourVest Global Private Equity
Limited ("HVPE" or the "Company"), a FTSE 250 investment company
with global exposure to private companies, managed by HarbourVest
Partners, announces that on 24 September
2024 it purchased 7,500 of its ordinary shares ("Shares") at an
average price of £23.386667 per Share for cancellation. This is
pursuant to the authority granted at the Company's Annual General
Meeting held on 17 July 2024.
Following the above transaction, the
Company has 75,836,394 Shares in issue. The above figure
(75,836,394) may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
- ENDS
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LEI: 213800NBWV6WWV8TOL46
Enquiries:
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
42 years of experience.
About HarbourVest Partners, LLC:
HarbourVest is an independent,
global private markets firm with over 42 years of experience and
more than $127 billion of assets under management as of March 31,
2024. 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 230 investment professionals across
Asia, Europe, and the Americas. Across our private markets
platform, our team has committed more than $59 billion to
newly-formed funds, completed over $55 billion in secondary
purchases, and invested over $40 billion in direct operating
companies. 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 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 BNP Paribas House, St Julian's Avenue, St Peter
Port, Guernsey, GY1 1WA
©
2024 HarbourVest Global Private Equity Limited. All rights
reserved.
