Semi-Annual Results Six Months to 31 July 2019

HarbourVestGlobal PrivateEquity Ltd

24 October 2019

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Outline

2

HVPE’s NAV per share continued to grow over the six months to 31 July 2019

Chairman’s Introduction

The Case for HVPE

The Investment Manager, HarbourVest Partners

Semi Annual Results – Six Months to 31 July 2019

Long-term Return Profile

Key Takeaways

Appendix

Chairman’s Introduction

3

Sir Michael Bunbury

The Case for HVPE

4

Richard HickmanDirector, Investment and Operations

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Complete private markets solution

Provides access to a broad range of private markets opportunities

Well-diversified to limit downside risk from individual holdings

Outperformance of 3.6% annualised compared to FTSE AW total return since inception

5

HVPE is a $2.1bn portfolio of 1,000+ material exposures within a listed wrapper

Note: Holdings in publicly-traded companies, often resulting from IPOs in the private equity portfolio, represent 10% of HVPE’s investment portfolio value.HVPE introduced an additional US dollar share price on 10 December 2018; from this date onwards, the actual US dollar share price, as reported by the London Stock Exchange, has been used. The top 1,000 companies represent 87% of NAV. In total there are 9,160 companies in the portfolio. Past performance is not necessarily indicative of future results.

12.3% compound annual NAV growth rate in USD31 January 2009 – 31 July 2019

$7.61$8.65

$10.24 $11.42 $12.46$14.38

$15.86 $16.75$18.47

$21.46$24.09

$25.80

$9.25

$5.00 $6.18 $6.37$8.66

$10.75$12.73 $12.41

$15.03$17.77 $18.75

$21.50

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 July '19NAV per share ($) Share Price ($)

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Portfolio cannot easily be replicated

6

Structured to provide a complete and fully-managed private markets portfolio

HVPE provides access to private companies typically available only to institutional investors

Buying shares in HVPE puts an investor on a level playing field with those institutions

Aim is to deliver material outperformance of public markets over the long term

Holdings in publicly-traded companies, often resulting from IPOs in the private equity portfolio, represent 10% of HVPE’s investment portfolio value. Figures as at 31 July 2019.

HVPE provides a gateway to compelling global private company investmentsPublic facing vehicle managed by HarbourVest, an established private markets specialist

HVPE

HarbourVest PartnersPrimary: 44% Secondary: 35% Direct Co-Invest: 21%

General Partners (GPs)

50 HarbourVest Funds & 7 Secondary Co-Investments

Private Market Funds

Companies

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Strategic diversification

7

HVPE provides well-balanced global exposure to private markets investments

HVPE portfolio comprises multiple uncorrelated elements

Enhances consistency of returns over time

Aim is to optimise returns over the long run whilst managing downside risk

Strategic Asset Allocation targets guide portfolio construction

As at July 31, 2019. Note: The diversification by NAV analysis is based on the fair value of the underlying investments, as estimated by the Investment Manager. Diversification by stage, strategy, and geography is based on the estimated NAV of partnership investments within HVPE’s fund-of-funds and company investments within HVPE’s co-investment funds. Industry diversification is based on the reported value of the underlying company investments for both fund-of-funds and co-investment funds.

Stage Strategy Geography Industry

Target

Buyout 54%

Venture 32%

RA & Mezz 14%

Actual

Primary 44%

Secondary 35%

Direct 21%

Target

ActualUS 55%

Europe 21%

Asia 17%

ROW 7%

Target

Actual

23%

15% 14% 14% 14%

10% 6%4%

Tech

nolog

y

Cons

umer

Medic

al

Indus

trial

Busin

ess S

ervic

es

Finan

cial

Ener

gy

Media

The Investment Manager,HarbourVest Partners

8

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HarbourVest at a glance

9

As of June 30, 2019

25 yearsaverage industry

experience of managing directors

Strong track record over

35+ years8,500+ Managers

tracked

500+ colleagues over 125investment

professionals

700+advisory

board seats

$64+ billion total AUM across all strategies

Private markets specialists in equity, credit,

and real assets

Expertisein primary,

secondary, direct co-investments, credit, and real

assets

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HarbourVest has a global platform

10

As of June 30, 2019. Based on primary, secondary, direct and real assets commitments made by HarbourVest. Indicates HarbourVest team location.

Seoul Beijing Toronto Boston

Bogotá

Tel Aviv

Hong Kong

Tokyo

LondonDublin

Expertise Across Capital Structure (Equity and Debt) and Investment TypesPRIMARY INVESTMENTS SECONDARY & REAL ASSETS DIRECT – EQUITY & CREDIT

$37.8 billion committed $23.2 billion committed $11.2 billion committed

87Investment

Professionals

Americas Asia Pacific

27Investment

Professionals

EMEA

24Investment

Professionals

$41.9Billion

Committed

$22.9Billion

Committed

$7.4Billion

Committed

HVPE Semi Annual Results –Six Months to 31 July 2019

11

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Performance highlights

12

Over the six months to 31 July 2019, HVPE delivered…

NAV growth of 7.1% in USD (15.5% in GBP)

Share price increase of 20.6% in GBP

Improved liquidity in share trading

Realised uplifts above 68% with an average return multiple of 4.1x

Total new commitments of $315.0 million made to six HarbourVest vehicles

Net investment of $63.5 million ($202.4 million of capital calls and $138.9 million of distributions)

The full report can be viewed on www.HVPE.com

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Summary of portfolio position

13

Positive levels of commitments, investment, and distributions over the period

Past performance does not indicate future results. The full report can be viewed on www.HVPE.com

FINANCIAL SUMMARY 31 JULY 2019 31 JANUARY 2019 31 JULY 2018

Investment Portfolio $1,965.4 $1,760.2 $1,634.2

Commitments to HarbourVest funds $315.0 $730.0 $355.0

Total Investment Pipeline $1,674.1 $1,562.7 $1,382.5

Cash Invested in HarbourVest funds $202.4 $396.2 $202.6

% of Investment Pipeline 12.5% 28.3% 15.5%

*Pct. of average Investment Pipeline over period

Distributions Received $138.9 $306.6 $142.1

% of Investment Portfolio 7.5% 19.1% 9.2%

*Pct. of average Investment Portfolio over period

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Commitments to 31 July 2019

14

Total of $315 million committed to six HarbourVest funds

HARBOURVEST FUND DESCRIPTION TOTAL AMOUNT

Global Fund 2019 Global multi-strategy fund-of-funds $25.0m

Dover Street X Global secondary fund $50.0m

Credit Opportunities II US-focused credit fund $20.0m

Fund XI Buyout US-focused buyout fund-of-funds $120.0m

Real Assets IV Real assets fund $50.0m

Co-Investment V Global direct co-investment fund $50.0m

TOTAL $315.0m

Past performance does not indicate future results. The full report can be viewed on www.HVPE.com

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Commitments since 31 July 2019

15

Total of $100 million committed to two HarbourVest funds

HARBOURVEST FUND DESCRIPTION TOTAL AMOUNT

Fund XI Micro Buyout US-focused micro buyout fund-of-funds $25.0m

Fund XI Venture US-focused venture fund-of-funds $75.0m

TOTAL $100.0m

Past performance does not indicate future results.

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Investment Portfolio movement

16

Net gain on investments of $141.7 million in the six months to 31 July 2019

Secondary investments outperformed Primary and Direct Co-investments

Venture and growth equity led all other stages

Asia Pacific and Rest of World were the strongest performing regions

Portfolio Movement: Six Months to 31 July 2019

Strategy Stage Geography

8.3%

5.2%

7.6%8.8%

13.2%

6.0%6.2%

9.5%

11.6%

4.6%

8.8%

Prim

ary

Seco

ndar

y

Dire

ct co

-inve

st

Buyo

ut

Ventu

re/G

rowt

h Equ

ity

Real

Asse

ts

Othe

r

Unite

d Stat

es

Euro

pe

Asia

Pacif

ic

Rest

of W

orld

Past performance does not indicate future results. The full report can be viewed on www.HVPE.com

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Portfolio company metrics

17

Analysis of 1,423 companies representing 41% of total NAV

Weighted average EBITDA increase over the previous year is 11%

62% of the underlying companies increased EBITDA during the year

Approximately 56% of these companies are growing EBITDA by more than 10% per annum

Overall valuation multiple is 12.3x EBITDA

Overall debt multiple is 4.7x EBITDA

The sample portfolio companies used for this analysis changes period on period, based on information available to the Company at the time. Past performance does not indicate future results.

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Realisations timed to maximise value

18

Different strategies perform at different points in the cycle

A broad spread of vintage years supports a steady flow of distributions

The 2018 vintage was the most significant contributor at 17%

Crisis-era vintages are now largely realised

Distributions calculated as a percentage of HVPE’s realisations, based on reported values at July 31, 2019 and January 31, 2019. Past performance does not indicate future results.

Realisation Profile: Percentage of Realisations

Mature Growth Investment

8% 8%9%

2%4%

10%

7%5%

15%14%

8%9%

1%0%3%

3% 5%4%

2%

10%8%

3%

9%11%

16%

8%

17%

1%

< 2007 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

January '19 July '19

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Consistently strong uplift performance

19

Approaching eight consecutive years of uplifts of at least 30% on carrying value on exit

Weighted average uplift of 68% achieved (average multiple of 4.1x cost)

Realisations from the venture portfolio (8.3x) and IPOs (9.1x) were particularly strong

Uplift average of 42.9% since analysis began

This analysis represents a subset of the transactions and does not represent the portfolio as a whole. Additionally, it does not reflect management fees, carried interest, and other expenses of the HarbourVest funds or the underlying managers, which will reduce returns. Past performance is not necessarily indicative of future returns.

Annual weighted average uplifts (total) Weighted average uplifts (1H’19) Weighted average multiples (1H’19)

49.0%

31.2%37.0%

140.3%

50.0%

37.0%42.0%

140.5%

38.0%30.0% 31.0%

40.6%

68.4%

2.8x

8.3x

2.8x

9.1x

4.1x

2012

2013

2014

2015

2016

2017

2018

2019

Buyo

ut

Ventu

re

M&A

IPO Buyo

ut

Ventu

re

M&A

IPO

TOTA

L

31 Ju

ly 20

19

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Early stage advantages

20

The first half of the year has been an exceptional period for venture exits

Many well-known and high-profile unicorns have finally transitioned to the public markets

HVPE has had exposure from an early stage, benefitting from the rapid growth of these companies

Majority of liquidity events in the six months to 31 July came from venture-backed companies

*The companies shown above represent the largest, by USD value, venture-backed IPOs in HVPE’s portfolio between February 1, 2019 and July 31, 2019. Past performance is not a reliable indicator of future results.**The companies shown above represent current or previously held companies in HVPE’s portfolio that have, or are expected to reach, $1 billion+ valuations. Based on Pitchbook VC Valuations Report, 2019.

Exciting exits: Six months to 31 July 2019 IPOs driving value*

Unicorns becoming a common reality?Exposure to potential future unicorn companies**

United States June 20$19bn

United States June 11 $7bn

IPO value

United States April 18 $13bn

United States May 02 $4bn

Food delivery services

Payments processing

Business intelligence

Other

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Well-managed cash movements

21

HVPE benefits from relatively predictable cash flows

A closed-ended investment company must maintain a strong balance sheet

HVPE is able to invest through the cycle to optimise returns

New, enlarged credit facility with improved terms ensures access to funding as needed

Cash position and credit facility position as at 31 July 2019. Cash flow profile based on annual performance disclosed in HVPE’s annual reports. Past performance does not indicate future results.

Cash Position & Credit Facility Cash Flow Profile

-$600

-$500

-$400

-$300

-$200

-$100

$0

$100

$200

$300

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Cash Position ($m)Credit Facility ($m)

-$97 -$128-$74

-$141

-$251-$199 -$163 -$162

-$211-$270 -$313

-$396

-$202

$48 $83 $52$137

$181 $204$257

$356 $363

$251

$405

$307

$139

-$500-$400-$300-$200-$100

$0$100$200$300$400$500

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1H2020

Calls ($m)Distributions ($m)Net Position ($m)

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Prudent balance sheet

22

Balance sheet is strong and appropriate for HVPE’s unique investment profile

The 12 month range for each ratio includes monthly estimate data, from 01 August 2018 through to 31 July 2019. Blue circles represent where that respective ratio currently sits within that range, and the yellow diamond represents the median ratio within the period.

Past performance does not indicate future results. For illustrative purposes only.

12 month range 12 month range 12 month range164% 179% 72% 81% 41% 51%

Total exposure to private markets investments as a percentage of NAV

A measure of medium-term commitment coverage Short-term liquidity as a percentage of total investment pipeline

177%(Jan 2019: 173%)

78%(Jan 2019: 72%)

41%(Jan 2019: 48%)

31 July 2019 31 July 2019 31 July 2019

Total Commitment Ratio Rolling Coverage Ratio Commitment Coverage Ratio

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Leverage at the HarbourVest fund level

23

Continuous monitoring and analysis of embedded leverage

HarbourVest funds utilise credit lines for bridging, project finance, and fund recaps

The facilities are capped at 20%-30% of uncalled commitments from LPs

HVPE’s total look-through exposure was $323.1 million at 31 July 2019

Current amount is an increase of $50.5 million from the $272.6 million at 31 January 2019

The increase was driven by the changing mix of current fund exposures in the portfolio

The amount of embedded leveraged is considered in scenario testing and commitment plans

The full report can be viewed on www.HVPE.com

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Focused on cost efficiencies

24

The Total Expense Ratio (TER) has trended downwards since inception

Reflects the total cost incurred by the Company for managing its portfolio

The TER, net of interest income, is 1.38% for the six months to 31 July 2019

This is marginally above the reported figure for the same period last year

The Total Expense Ratio (TER) is calculated over average NAV. HVPE’s Total Expense Ratio of 1.38% is comprised of Net Operating Expense Ratio, 0.82% plus Carried Interest, 0.56%.Past performance does not indicate future results.

FINANCIAL SUMMARY 31 JULY 2019 31 JANUARY 2019 31 JULY 2018

Recurring OPEX 0.31% 0.62% 0.32%

HarbourVest Fund OPEX 0.14% 0.26% 0.11%

Management Fees 0.42% 0.83% 0.40%

Operating Expense Ratio 0.87% 1.71% 0.83%

Interest Income (0.05%) (0.21%) (0.10%)

Net Operating Expense Ratio 0.82% 1.50% 0.73%

Carried Interest 0.56% 0.87% 0.50%

Total Expense Ratio 1.38% 2.37% 1.23%

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Share price outperformance

25

Source data: Refinitiv Datastream. Data for each fund is share price total return with dividends re-invested. Analysis based on period 31 January 2019 to 09 October 2019. For illustrative purposes only. Past performance does not indicate future results.

85.0

90.0

95.0

100.0

105.0

110.0

115.0

120.0

125.0

Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19

HVPE ICG BMO S Life Pantheon JPEL

JPEL

Pantheon

BMOICG

HVPE

S. Life

Since 31 January 2019, HVPE has outperformed its peer group21% increase in the value of HVPE’s shares in the six months to 31 July 2019

As at 18 October HVPE’s share price was £17.08

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Private markets in the press

26

Recent coverage has been favourable to HVPE’s proposition

The Times, 20th February 2019

Daily Telegraph, 11th May 2019

International Adviser, 13th August 2019

MoneyWeek, 4th April 2019

Shares magazine, 27th June 2019

MoneyWeek, 16th September 2019

Long-term Return Profile

27

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Total return multiple by vintage year

28

Calculated across 13,804 company investments from 2000 - 2018

Vintage year represents the vintage year of the partnership holding the underlying company investmentThe blended return multiple includes buyout, venture, and other stagesAll companies were (or currently are) held in the HarbourVest funds within HVPE’s portfolio; 13,804 company investments across the primary and direct co-investment platforms from vintage years 2000 - 2018As at 31 January 2019. For illustrative purposes only. Past performance does not indicate future results

HVPE’s portfolio has achieved consistently high returns even during major downturns

Total blended return multiple of 1.83x is broadly consistent across both venture and buyout investments

0.00

0.50

1.00

1.50

2.00

2.50

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Retur

n Mult

iple

Realized UnrealizedObservation

// Returns from mature vintage years have consistently ranged between 1.75x and 2.30x.

Mature Investments Developing Investments

//

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

5.00

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Realized

Realised return multiple by vintage year

29

Calculated across 6,751 fully realised company investments from 2000 - 2018HVPE’s realised returns have been particularly strong; most notably the vintages from 2011 to 2014

Blended realised return multiple is 2.13x (buyout 2.31x; venture 2.01x)

Observation// Returns from mature vintage years (realized investments only) have consistently ranged between 1.8x and 3.0x// Realized returns from more recent developing vintage years are promising but represent only a small sample of the overall company investments made during these vintage years

Vintage year represents the vintage year of the partnership holding the underlying company investment; Fully realized companies are companies in which all investment cost is fully realized as of 31 January 2019.The blended return multiple includes buyout, venture, and other stagesAll companies were (or currently are) held in the HarbourVest funds within HVPE’s portfolio; 6,751 fully realized company investments across the primary and direct co-investment platforms from vintage years 2000 - 2018As at 31 January 2019. For illustrative purposes only. Past performance does not indicate future results

Mature Investments Developing Investments

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Illustration: Diversified vs ConcentratedDiversified portfolio has a higher expected return while significantly increasing the expected return in an extreme downside scenario

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

0.5x 1.0x 1.5x 2.0x 2.5x 3.0x 3.5x 4.0x

Prob

abili

ty D

ensi

ty

DPI Multiple at Maturity

Benefits of Fund Diversification in a Venture Portfolio

Concentrated Venture Portfolio Diversified Venture Portfolio

DPI MultipleConcentrated US Venture1

Diversified US Venture2

% <= 1.0x 20.4% 4.2%1.0x < % <= 1.5x 35.7% 41.7%1.5x < % <= 2.0x 21.5% 32.8%% > 2.0x 22.5% 21.3%Median DPI 1.42x 1.54xSortino Ratio3

0.20 0.34Expected Shortfall 95%4

0.56x 0.94x

HarbourVest proprietary data set; Vintage years 1995 – 2010; Funds with residual value <20%; Residual Value = 1- ∑ Cumulative DistributionsTotal Value

1Concentrated portfolio; 3 US Venture funds; 2Diversified portfolio 24 US Venture funds; 3-year even allocation across consecutive vintage years (specific timing of allocations assigned during HarbourVest analysis);

3Sortino Ratio = Expected Return −MARDownside Deviation

; MAR is Minimal Acceptable Return; MAR = 1.50x; Downside Deviation = 1𝑁𝑁

*∑𝑖𝑖=1𝑁𝑁 ((min 0, 𝑥𝑥𝑖𝑖 − 𝑀𝑀𝑀𝑀𝑀𝑀 )2where 𝑥𝑥𝑖𝑖 = 𝑖𝑖𝑡𝑡h return and N = total number of returns; 4Expected shortfall 95% represents the expected return in the lowest 5% of modeled scenarios; The graphic and data above are based on a Monte Carlo simulation. See ‘Additional Important Information’ at the end of the presentation, including important disclosures related to Gross / Net Performance Returns, Fees and Expenses and Monte Carlo Simulations. Past performance is not a reliable indicator of future results.

Key Takeaways

31

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Key takeaways

32

Continued high performance across all key metrics

HVPE has a unique, high-quality global private markets portfolio

Diversification is key to optimising returns through the cycle

Compound annual NAV per share growth of 12.6% in USD over the last 10 years

Outperformance of 3.6% annualised compared to FTSE AW total return since inception

Represents a fully-managed programme for buy-and-hold investors of all types

Visit us at www.hvpe.com

Appendix

33

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Board overview

34

The Board is responsible for safeguarding the interests of all shareholders

Sir MichaelBunburyChairman,Independent Director

Peter WilsonNon-Executive Director

Alan HodsonSenior Independent Director

Andrew MooreIndependent Director

Francesca BarnesIndependent Director

StevenWilderspinIndependent Director and Chairman of the Audit Committee

Ed WarnerIndependent Director

Carolina EspinalNon-Executive Director

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Team overview

35

The core team is split between Boston and London

5 years with HarbourVest13 years in the industryFocuses on investor relations and operational project management

10 years with HarbourVest10 years in the industryFocuses on financial management and portfolio reporting

Richard HickmanDirector, Investment & Operations

3 years with HarbourVest10 years in the industryFocuses on investor relations, marketing and communications

Billy MacaulayDirector of Finance

Charlotte EdgarHead of Investor Relations

Hakki MustafaPortfolio Associate

2 years with HarbourVest5 years in the industry Supports financial reporting, investorrelations and marketing activity

1 year with HarbourVest2 years in the industrySupports financial management

Elena NordemannPortfolio Analyst

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Top 10 largest managers

36

Access to leading private equity managers

No single manager represents more than 6.7% of the underlying portfolio

The 10 largest managers represent 22.9% of the underlying portfolio

These managers have the expertise to capture trends and unlock value

As at July 31, 2019. Past performance does not indicate future results.

MANAGER REGION STAGE% OF

INVESTMENT VALUE

AMOUNT OF INVESTMENT

VALUE

Corsair Capital US Real Asset 6.7% $131.5m

IDG Capital Partners Asia Venture 3.3% $64.2m

Insight Venture Management US Venture 2.4% $47.8m

Thoma Bravo US Buyout 2.0% $39.1m

Index Ventures Europe Venture 1.8% $35.8m

The Jordan Company US Buyout 1.4% $27.1m

Compass Partners Europe Buyout 1.3% $26.3m

Battery Ventures US Venture 1.3% $26.1m

Oaktree Capital Management US Other 1.3% $25.9m

DCM Asia Venture 1.3% $25.7m

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Top 10 largest companies

37

Exposure to current and future leading brands

No single company represents more than 3.4% of the underlying portfolio

The 10 largest companies represent 14.4% of the underlying portfolio

These companies are diversified across geography, investment stage, and industry

As at July 31, 2019. Past performance does not indicate future results.

COMPANY LOCATION STRATEGY% OF

INVESTMENT VALUE

AMOUNT OF INVESTMENT

VALUE

DP World Australia Australia Real Asset 3.4% $66.0m

Itinere Infraestructuras Spain Real Asset 2.9% $56.2m

Press Ganey Associates US Buyout 1.6% $32.4m

Preston Hollow Capital US Buyout 1.2% $24.4m

Rodenstock Germany Buyout 1.2% $22.9m

Anhui Three Squirrels China Venture 1.1% $21.4m

Undisclosed Netherlands Buyout 1.0% $19.6m

Valeo Foods Ireland Buyout 0.7% $13.9m

SolarWinds US Buyout 0.7% $13.7m

Vantage Airport Group Canada Buyout 0.7% $12.9m

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Wide-ranging sources of distributions

38

Realisations can be timed to optimise returns

Total of 178 liquidity events in the six months to 31 July 2019 (73% trade sales and 27% IPOs)

Device Technologies ($16.1m) and Intelex Technologies ($12.9m) were the largest distributions

Top 10 largest exits distributed $79.0m to HVPE

Liquidity events and distributions refer to the period February 1, 2019 and July 31, 2019. Past performance does not indicate future results.

COMPANY DESCRIPTION HVPE DISTRIBUTED VALUE

Device Technologies Medical equipment distributor $16.1m

Intelex Technologies Business management software solutions $12.9m

Five Star Food Service Vending food and beverage provider $12.5m

Appriss Data and analytics solutions provider $10.5m

Avalara Sales and tax management software $6.8m

Alliant Insurance Services Insurance products and services $5.1m

Sivantos Hearing aids $4.6m

Staples Office supply retailer $3.7m

Qualtrics International Online research and data collection software $3.7m

Ssangyong Cement Industrial Integrated cement manufacturer $3.1m

//

Disclaimer

39

STRICTLY CONFIDENTIAL

This document and this presentation have been prepared and issued by HarbourVest Global Private Equity Limited (the “Company”) for information purposes only and may not beused in making any investment decision.

None of the Company, its investment manager, HarbourVest Advisers, L.P. (the “Investment Manager”) or HarbourVest Partners, LLC (“HarbourVest”) has independently verified theinformation contained in this document and this presentation. This document and this presentation contain only summary information and no representation or warranty, express orimplied, is or will be made in relation to the accuracy or completeness of the information contained herein and no responsibility, obligation or liability (whether direct or indirect, incontract, tort or otherwise) is or will be accepted by the Company, HarbourVest, the Investment Manager or any of their respective affiliates or by any of their respective officers,employees or agents in relation to it. Each of the Company, HarbourVest, the Investment Manager and their respective affiliates and officers, employees or agents expresslydisclaims any and all liability which may be based on the document and any errors therein or omissions therefrom. In particular, no representation or warranty is given as to theachievement or reasonableness of future projections, management targets, estimates, prospects or returns, if any. Any views contained herein are based on financial, economic,market and other conditions prevailing as of the date of this document and this presentation. The information contained in this document and this presentation will not be updated.Further information on the Company, its Investment Manager and HarbourVest can be found on the Company’s website at www.hvpe.com and HarbourVest’s website atwww.harbourvest.com, including in announcements available on those sites.

This document and this presentation do not constitute any form of financial opinion or recommendation on the part of the Company, HarbourVest or the Investment Manager or anyof their respective affiliates and are not intended to be an offer, or the solicitation of any offer, to buy or sell any securities in any jurisdiction.

This document and this presentation contain track record data in relation to the performance of funds of funds managed by HarbourVest and its affiliates. When considering suchtrack record data, investors should bear in mind that past performance is not necessarily indicative of future results and, as a result, the Company’s actual returns may be greater orless than the amounts shown herein. Investment returns will depend on the increase or decrease in the trading price of the Company’s shares. In addition the Company is a closed-end investment company and the performance data presented herein for HarbourVest, as well as the private equity index performance data, relates principally to funds structured asself-liquidating partnerships and in which investor contributions were made only when the underlying fund made an actual investment.

Neither this document, nor this presentation, nor any copy of either may be taken or transmitted into the United States of America, its territories or possessions or distributed, directlyor indirectly, in the United States of America, its territories or to any US person (as defined in Rule 902 of Regulation S under the US Securities Act of 1933 (the “Securities Act”)). Thedistribution of this document and this presentation in other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselvesabout, and observe, any such restrictions.

This document and this presentation are being distributed in the United Kingdom only to (i) persons who have professional experience in matters relating to investments who fallwithin Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Order”), or (ii) persons who are high net worth entities fallingwithin Article 49(2) (a) to (d) of the Order, and/or (iii) persons to whom it may otherwise be lawfully communicated, and (iv) "qualified investors" as defined in section 86 of theFinancial Services and Markets Act 2000, as amended (all such persons together being referred to as “relevant persons”). Any person who is not a relevant person should not act orrely on this presentation or any of its contents. Any investment or investment activity to which the presentation and these slides relate is available only to relevant persons and will beengaged in only with relevant persons.

By participating in this presentation or by accepting any copy of this document, you agree to be bound by the foregoing limitations.

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Forward-looking statements

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This document contains certain forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, forward-looking statements can be indentified by terms such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘may,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘should,’’ ‘‘will,’’ and ‘‘would,’’ or the negative of those terms or other comparable terminology. The forward-looking statements are based on the Investment Manager’s beliefs, assumptions, and expectations of future performance and market developments, taking into account all information currently available. These beliefs, assumptions, and expectations can change as a result of many possible events or factors, not all of which are known or are within the Investment Manager’s control. If a change occurs, the Company’s business, financial condition, liquidity, and results of operations may vary materially from those expressed in forward-looking statements. Some of the factors that could cause actual results to vary from those expressed in forward-looking statements, include, but are not limited to: the factors described in this report; the rate at which HVPE deploys its capital in investments and achieves expected rates of return; HarbourVest’s ability to execute its investment strategy, including through the identification of a sufficient number of appropriate investments; the ability of third-party managers of funds in which the HarbourVest funds are invested and of funds in which the Company may invest through parallel investments to execute their own strategies and achieve intended returns; the continuation of the Investment Manager as manager of the Company’s investments, the continued affiliation with HarbourVest of its key investment professionals and the continued willingness of HarbourVest to sponsor the formation of and capital raising by, and to manage, new private equity funds; HVPE’s financial condition and liquidity, including its ability to access or obtain new sources of financing at attractive rates in order to fund short term liquidity needs in accordance with the investment strategy and commitment policy; changes in the values of or returns on investments that the Company makes; changes in financial markets, interest rates or industry, general economic or political conditions; and the general volatility of the capital markets and the market price of HVPE’s shares. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events, and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. Any forward-looking statements are only made as at the date of this document, and the Investment Manager neither intends nor assumes any obligation to update forward-looking statements set forth in this document whether as a result of new information, future events, or otherwise, except as required by law or other applicable regulation. In light of these risks, uncertainties, and assumptions, the events described by any such forward-looking statements might not occur. HarbourVest qualifies any and all of its forward-looking statements by these cautionary factors. Please keep this cautionary note in mind while reading this report.

REGISTERED OFFICEHarbourVest Global Private Equity LimitedCompany Registration Number: 47907BNP Paribas HouseSt. Julian’s AvenueSt Peter PortGuernsey GY1 W1ATel +44 (0)1481 750800Fax +44 (0)1534 731795

INVESTMENT MANAGERHarbourVest Advisers L.P.c/o HarbourVest Partners, LLCOne Financial Center44th FloorBoston MA 02111U.S.A.Tel +1 617 348 3707Fax +1 617 350 0305

Richard HickmanDirector, Investment and Operationsrhickman@harbourvest.com+44 (0)20 7399 9847