Title: https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx/ URL Source: https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx?type=packet_fund_class_doc_factsheet_private&id=12648091-b9ac-412b-ac6f-5cc0285daf6a&user=hl_website_documents Published Time: Wed, 13 May 2026 11:22:11 GMT Number of Pages: 5 Markdown Content: One share. A world of private company opportunities. # Monthly Factsheet # 31 March 2026 Estimated NAV per Share # $58.91 28 February 2026: $58.06 GBP Share Price # £30.20 28 February 2026: £30.10 USD Share Price # $39.88 28 February 2026: $40.45 Performance as at 31 March 2026 Total Return YTD 1 1 year 3 years 5 years 10 years Since Inception (2007) NAV per share ($) 1% 8% 22% 67% 247% 489% Share price total return ($) -5% 21% 57% 43% 207% 290% Share price total return (£) -4% 19% 47% 51% 234% 498% FTSE All-World TR ($) -3% 21% 61% 62% 208% 276% Compound Annual Growth Rate 3 years 5 years 10 years Since Inception (2007) NAV per share ($) 7% 11% 13% 10% Share price ($) 16% 7% 12% 8% Share price (£) 14% 9% 13% 10% FTSE All-World TR ($) 17% 10% 12% 7% > 1 “YTD” refers to calendar year to date. Commentary The estimated NAV per share of $58.91 (£44.53) at 31 March 2026 represents an increase of 1.5% in US dollars and an increase of 3.4% in sterling over the previous month. This increase in US dollar terms was primarily driven by Q4 2025 valuation trends in the Fund of Funds portfolio. March saw positive net cash of $169m, with distributions of $69m from the portfolio, $136m of proceeds received from the sale of investments, and $36m of capital calls. A further $163m in proceeds from the sale of investments is expected in December. The Distribution Pool balance at 31 March was $204 million, while share buybacks during the month totalled $26 million. HVPE Monthly Factsheet 2 Estimated NAV per Share Reconciliation (movement through month) ($) 58.06 1.04 0.04 -0.12 -0.29 0.18 58.91 NAV per share at 28 Feb 2026 Valuation gains/ (losses) Fund of funds Valuation gains/ (losses) Direct funds Operating expenses Foreign currency Share buybacks Nav per share at 31 Mar 2026 Distribution Pool (movement through month) ($) 74.0 156.7 -26.3 204.4 28 February 2026 March 2026 Allocation Buybacks Curent Pool Size Share Price and NAV Per Share Movement from 31 January 2016 256% 221% 230% 0% 50% 100% 150% 200% 250% 300% Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 Mar -26 NAV per share ($) Share price ($, converted)* FTSE AW TR ($) Summary of Estimated Net Asset Value (“NAV”) at 31 March 2026 In millions except per share and last traded price data 31-Mar 2026 28-Feb 2026 Investment Portfolio $4,356 $4,636 Cash and Cash Equivalents $222 $89 Drawings on the HVPE Credit Facility $(570) $(570) Net Other Assets (Liabilities) $169 $0 Estimated NAV $4,177 $4,155 Remaining Available Credit Facility (Undrawn) $630 $630 Estimated NAV Per Share ($) $58.91 $58.06 Estimated NAV per share (£ equivalent) £44.53 £43.06 Share Price (LSE) (£) £30.20 £30.10 Share Price (LSE) ($) $39.88 $40.45 Discount to NAV (GBP) 32% 30% Exchange Rate (GBP/USD) 1.3229 1.3482 > Note: Total return figures can be found on page four; these will vary slightly from the figures in the chart above. > *HVPE introduced an additional US dollar share price on 10 December 2018; from this date onwards, the actual US dollar share price, as reported by the London Stock Exchange, has been used. Prior to this date, the US dollar share price had been converted from the sterling share price at the prevailing exchange rate. > Past performance is not indicative of, or a guarantee of future performance > Note: Totals and subtotals may not recalculate due to rounding. > The NAV breakdown is an estimate. See Valuation Methodology on page four for further details. The Private Equity Cycle HVPE Monthly Factsheet 3 > 1 > 53 > 39 > 13 > 40 > 28 > 28 > 18 > 66 > 31 > 40 > 36 > 2 > 5 > 53 > 20 > 27 > 89 > 19 > 23 > 115 > 19 > 19 > 69 Apr May Jun Jul Aug Sep Oct Nov Dec Jan-26 Feb Mar Capital calls to HarbourVest funds Distributions from HarbourVest funds Past performance is not indicative of, or a guarantee of future performance HarbourVest Global Private Equity Limited (“HVPE” or the “Company”) invests in and alongside HarbourVest-managed funds which focus on primary fund commitments, secondary investments and direct co-investments in operating companies. These in turn drive a steady pace of direct and indirect investment into private company opportunities. These investments develop and grow over a period of several years, before being exited. Proceeds from these distributions then provide the capital for new commitments and the lifecycle continues. Historical Distributions ($m) > $460 > $1,156 > $2,477 > Last 12m > Last 3 yrs > Last 5 yrs Investments (Investment Phase) In March, the majority of capital calls from underlying partnerships (by value) were for buyout investments at 45%, with venture and growth equity investments representing a further 41%. Of the total amount called, 59% had a North American investment focus and 21% had an Asian investment focus. Distributions (Mature Phase) During March, there were a total of 19 M&A transactions and IPOs across HVPE’s underlying portfolio, compared to February’s total of 38, and a last 12-month average of 38. These were broken down into 17 M&A transactions and two IPOs. Top Five Investing Managers Top Five Distributing Managers Manager Amount Invested Global Infrastructure Partners $4.4m Parthenon Capital, LLC $2.7m L Squared Capital Partners $2.3m Andreessen Horowitz $2.1m Thoma Bravo $1.9m Partnership Total proceeds in month Manager’s largest disclosable distribution in month (company) Gridiron Energy Management, LLC $5.0m Undisclosed Aquiline Capital Partners LLC $4.0m IQUW Nautic Partners $3.7m Various Bain Capital Partners Asia $3.5m KIOXIA Portobello Capital $3.0m Mediterránea de Catering 12 Month Cash Flow ($m) 30 Apr 2025 to 31 March 2026 Month ended 31 March 2026 Investment Pipeline Unallocated # $0.53bn Month ended 28 February 2026: $0.54bn Allocated # $1.75bn Month ended 28 February 2026: $1.87bn Total Investment Pipeline # $2.28bn Total month ended 28 February 2026: $2.41bn Monthly total # $0m Total month ended 28 February 2026: $0m New Commitments # $(280m) Month ended 28 February 2026 - $6m Investment Portfolio Change Investment Portfolio Change includes cash invested into HarbourVest funds plus the Investment Portfolio growth, less distributions received. Investment Phase Cash invested in HarbourVest funds # $36m > Month ended 28 February 2026 - $40m Growth Phase Investment Portfolio growth # $52m > Month ended 28 February 2026 -$(15m) Mature Phase Distributions received # $368m * > Month ended 28 February 2026 - $19m 10% 27% 63% % of Investment Portfolio # + - Please note that the amounts above represent capital calls to the underlying managers for investments, and may differ from the amount invested by HVPE into HarbourVest Managed Vehicles. Please note that these distributions from general partners represent proceeds to HarbourVest funds, and may differ to the amount actually received by HVPE. * comprised of $69m from portfolio distributions, $136m from asset sale proceeds, and $163m from delayed asset sale proceeds to be received in December. Tech & Software Medical & Biotech Financial Consumer Industrial & Transport Business Services & Other Media & Telecom Energy & Cleantech US Dollar Euro Sterling Australian Dollar Other Investment Growth Mature 83% 12% 3% 1% 1% 34% 51% 15% 35% 13% 12% 11% 11% 10% 4% 4% HVPE Monthly Factsheet 4 Notes: The diversification by net asset value analysis is based on the fair value of the underlying investments, as estimated by the investment manager. Diversification by stage, phase, currency and geography is based on the estimated net asset value 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. Some of the funds held in HVPE have not been fully invested. The composition of investments by phase, stage, geography, strategy, and industry may change as additional investments are made and existing investments are realised. By phase, mature includes vintage years pre-2017, growth includes vintage years 2017 to 2021, and investment includes vintage years 2022 to 2026. 1InfRA incorporates infrastructure and real assets. Diversification at 31 March 2026 Consistent with HVPE’s investment objective, the Investment Manager strives to manage risk through diversification within the portfolio. Buyout Venture & Growth Equality Mezzanine and InfRA North America Europe Asia Pacific Rest of World Primary Secondary Direct Co-investment Total Commitment Ratio at 31 March 2026 (Total exposure to private markets investments as a percentage of NAV) Medium-term Coverage Ratio at 31 March 2026 (A measure of medium-term commitment coverage based on current commitments) Commitment Coverage Ratio at 31 March 2026 (A measure of medium-term commitment coverage based on current commitments) Investment Portfolio + Investment Pipeline $6,632m Divided by the NAV $4,177m (12 month range: 159% to 170%) 159% Cash + Available Credit Facility ($) + next 12 Months’ Projected Realisations ($) $1,520m Divided by the next 36 Months’ Estimated Investments $1,215m (12 month range: 107% to 125%) 125% Cash + Available Credit Facility $852m Divided by the Investment Pipeline $2,276m (12 month range: 30% to 37%) 37% 61% 22% 16% 1% 52% 30% 18% 58% 34% 8% Investment stage Phase Industry Currency exposure Geography Strategy HVPE Monthly Factsheet 5 Managing HVPE Credit facility If future investments exceed distributions for a sustained period, it is important that HVPE is able to access funding as required to meet any shortfall. At 31 March 2026, HVPE had a cash balance of $222 million and access to $630 million on its credit facility. HarbourVest Partners (“HVP”) Fund-level borrowing At 31 March 2026, HVPE’s share of HVP fund-level borrowing, on a look-through basis, was $527 million. Please refer to https://www.hvpe.com/our - portfolio/financial -resources/ for further details. Investment Pipeline and commitment ratios The Board and Investment Manager make reference to three key ratios when assessing the Company’s commitment levels, as shown below. Valuation Methodology: HVPE carries its investments at fair value in accordance with US generally-accepted accounting principles. HVPE’s Investment Manager uses the best information it has available to estimate fair value. Fair value for private equity assets is based on the most recent financial information provided by the Investment Manager, adjusted for known investment operating expenses and subsequent transactions, including investments, realisations, changes in foreign currency exchange rates, and changes in value of public securities. The valuation breakdown of the HVPE portfolio as reported here is as follows: 6% actual 31 March 2026 (representing public company holdings), 86% actual 31 December 2025, and 8% actual 30 September 2025. Consistent with previous estimated NAV reports, valuations are also adjusted for foreign exchange movements, cashflows, and any known material events to 31 March 2026. Disclaimers: All investments are subject to risk. Past performance is not indicative of, or a guarantee of future performance. Prospective investors are advised to seek expert legal, financial, tax, and other professional advice before making any investment decision. The value of an investment in HVPE may fluctuate and share prices and returns may go down as well as up. Results achieved in the past are no guarantee of future results. This document is not intended to be an investment advertisement or sales instrument; it constitutes neither an offer nor an attempt to solicit offers for the securities described herein. This report was prepared using financial information contained in HVPE’s books and records as of the reporting date. This information is believed to be accurate but has not been audited by a third party. This report describes past performance, which may not be indicative of future results. HVPE does not accept liability for actions taken on the basis of the information provided. The Paying Agent in Switzerland is Banque Cantonale de Genève, 17 Quai de l’Ile, CH-1211 Geneva 2, Switzerland. The distribution of Interests in Switzerland must exclusively be made toqualified investors. Copies of the Prospectus, Articles of Association and annual and semi-annual reports can be obtained free of charge from the Representative. The place of performance for Interests of HVPE offered or distributed in or from Switzerland is the registered office of the Representative, ACOLIN Fund Services AG, Fund Services AG, Maintower, Thurgauerstrasse 36/38, 8050 Zürich, Switzerland. > 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. Prior to this date, the US dollar share price had been converted from the sterling share price at the prevailing exchange rate. The share price total return figures have been adjusted for the redemptions which occurred in October 2013 and October 2014. Please also note the “NAV per share” percentages in the table above reflect the US dollar monthly estimated NAV per share. HVPE is a London listed, FTSE 250 private equity investment company with assets of $4.2 billion (HVPE’s functional currency is the US dollar) and a market capitalisation of approximately £2.1 billion as at 31 March 2026 (tickers: £ HVPE | $ HVPD). HVPE invests in private companies and portfolios of private companies through funds managed by HarbourVest Partners, an innovative global private markets asset manager with over 43 years of experience. HVPE is designed to offer shareholders long-term capital appreciation by investing in a private markets portfolio diversified by geography, strategy, stage of investment, vintage year, and sector. By following a consistent and proven investment strategy, HVPE has delivered steady and robust NAV growth and has outperformed the public markets since inception, as measured by the FTSE All-World Total Return (“TR”) index. Why Invest? Holding shares in HVPE provides investors with a well-managed, ready-made global private equity programme and gives part-ownership of a diversified portfolio of underlying private companies 3 , spanning investment stages from early venture to large-cap buyouts. Many of these companies have the potential to become tomorrow’s household names. Key Information # HarbourVest Global Private Equity Limited Contact Richard Hickman rhickman@harbourvest.com +44 (0)20 7399 9847 Stephanie Hocking shocking@harbourvest.com +44 (0)20 7399 9834 Registered Office HarbourVest Global Private Equity Limited BNP Paribas House, St Julian’s Avenue, St Peter Port, Guernsey GY1 1WA Investment Manager HarbourVest Advisers L.P. c/o HarbourVest Partners, LLC One Lincoln Street Suite 1700, Boston MA 02111-2641, USA > 2Delisted from Euronext in October 2016. > 3Holdings in publicly-traded companies, often resulting from IPOs in the private equity portfolio, represent 6% of HVPE’s investment portfolio value. > 4Total Net Expense Ratio for the 12 months to 31 January 2025. Further information is available on pages 33 and 34 of HVPE’s annual report, within the “Managing Costs” section. Exchange London Stock Exchange Tickers (£ | $) HVPE | HVPD Market capitalisation £2.1 billion Shares in issue 70.9 million Listing date 6 December 2007 (Euronext) 2 9 September 2015 (LSE MM) Financial year end 31 January ISIN GG00BR30MJ80 SEDOL (£ | $) BR30MJ8 | BGT0LX2 Base currency US Dollar Dividend policy Historically HVPE has not paid a dividend. Any prospective special dividends will be determined by the Board, as announced on 1 February 2024. TER 4 2.46% www.hvpe.com