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HarbourVest Global Priv. Equity Ltd

16 August 2017

London, UK, 16 August 2017

Edison issues review on HarbourVest Global Private Equity (HPVE)

HarbourVest Global Private Equity (HVPE) gives investors access to selected private equity (PE) managers globally and a highly diversified portfolio of over 7,000 underlying companies. HVPE will celebrate its 10th anniversary in December 2017 and since inception its shares have outperformed global listed and unlisted equities, represented by the FTSE All-World and LPX 50 indices, by 11% and 36%, respectively. This solid performance is consistent with the mandate to generate long-term capital growth above global equities, and has been achieved with relatively low volatility due to HVPE's high level of diversification.

HVPE shares are trading at a 14.7% discount to NAV, a notable improvement on the three-year average of 20.0% but still slightly wider than the peer group average of 13.1%. HVPE has delivered class-leading NAV total returns since inception and over five years, with above-average returns over three years. This suggests scope for the discount to narrow relative to the peer group.

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About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Gavin Wood, +44 (0) 20 3681 2503

Rob Murphy, +44 (0)20 3077 5733

Investmenttrusts@edisongroup.com

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August 16, 2017 11:30 ET (15:30 GMT)

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