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Important office and country disclosures

Important office disclosures

HarbourVest Partners LLC and HarbourVest Partners L.P., One Financial Center, Boston MA 02111. Registered with the US SEC as a Registered Investment Adviser (SEC Number 801-53287). Other HarbourVest affiliates share this registration.

HarbourVest Partners (U.K.) Limited, 2nd Floor, 20 Air Street, London W1B 5AN registered in England and Wales (number 2512083). It is authorised and regulated by the Financial Conduct Authority, located at 12 Endeavour Square, London E20 1JN (firm reference number: 147086). For details about the scope of authorized activities, please click here.

HarbourVest Partners (Asia) Limited, Suite 1207 Champion Tower , 3 Garden Road, Central, Hong Kong. Licensed with the Hong Kong Securities and Futures Commission (CE Reference BAD993) and licensed to carry on Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities.

HarbourVest Partners (Japan) Limited, Marunouchi Building 34th Floor, 2-4-1 Marunouchi Chiyoda-ku, Tokyo 100-6334. Registered with the Kanto Local Financial Bureau (“KLFB”) as a Type II Financial Instruments Business Operator. HarbourVest Partners GP LLC and its Managing Member, HarbourVest Partners LLC, are also registered with KLFB for Special Business Activities for Qualified Institutional Investors, etc.

HarbourVest Partners, LLC Oficina de Representación, Carrera 7 #113 – 43, Oficina 904, Edificio Samsung, Bogotá. The Superintendence of Finance of Colombia authorized HarbourVest Partners, LLC to open a representative office in Bogotá, regulated under Part 4 of Decree 2555 of 2010.

HarbourVest Investment Consulting (Beijing) Company Limited, Suite 5608, 56/F China World Tower A, 1 Jianguomenwai Avenue, Chaoyang District, Beijing 100004

HarbourVest Partners (Canada) Limited, Bay Adelaide Centre, 333 Bay Street Suite 2720, Toronto Ontario, M5H 2R2. A wholly-owned subsidiary of HarbourVest Partners L.P., is registered as a Portfolio Manager and Exempt Market Dealer with the Ontario Securities Commission and various other Canadian provincial securities regulators.

HarbourVest Partners Korea Ltd (“HV Korea”), Gran Seoul Tower 1 18th Floor, 33 Jongro Jongno-gu Seoul 03159. HarbourVest Partners L.P., who is registered with the South Korea Financial Supervisory Services as a cross border discretionary investment management entity pursuant to the Financial Investment Services and Capital Market Act, is the ultimate parent of HV Korea.

HarbourVest Partners (Israel) Ltd, 3 HaNechoshet Street Building B Tel Aviv 6971068.

HarbourVest Partners (Ireland) Limited, The Lumen Building, 23-25 Baggot Street Upper, Dublin 4, D04 Y7T1. A private company limited by shares; Registered in Ireland with Company Number: 634468. Registered Office: HarbourVest Partners (Ireland) Limited, The Lumen Building, 23-25 Baggot Street Upper, Dublin 4, D04 Y7T1. HarbourVest Partners (Ireland) Limited is authorized and regulated by the Central Bank of Ireland.

HarbourVest Partners (Ireland) Limited, Zweigniederlassung Deutschland, Friedrich-Ebert-Anlage 36, 60325 Frankfurt am Main, Germany. A branch of HarbourVest Partners (Ireland) Limited, HarbourVest Partners (Ireland) Limited, Zweigniederlassung Deutschland is authorized and regulated by the Central Bank of Ireland.

HarbourVest Partners (Singapore) Pte. Ltd., 1 Raffles Quay, #37-02 North Tower, Singapore 048583, is licensed by the Monetary Authority of Singapore as a Capital Markets Services license holder (License no. CMS101079) in respect of fund management and is permitted to serve only institutional investors and accredited investors. The contents of this website, including any attachments, are for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy any capital markets products.

HarbourVest Partners (Australia) Pty Ltd ACN 659 836 174 of 3/1049 Victoria Road, West Ryde NSW 2114 Australia (HVPA) is an authorized representative No. 001298550 under Australian Financial Services License No. 540514 in connection with the provision of financial services to wholesale clients.

Important country disclosures

All materials shall not constitute an offer, solicitation or recommendation in relation to any securities or funds sponsored by, or any investment services provided by, HarbourVest or its affiliates in any jurisdiction where it is unlawful to do so. All materials may only be distributed and interests in a fund may only be offered and placed to the extent that they may be lawfully distributed and the interests may lawfully be offered or placed (including at the initiative of the investor). The information has been prepared on the basis that you are an investment professional, is for the sole use of your organization, and should not be shared with any other parties.

Australia

The content of this website has been prepared by HarbourVest Partners (Australia) Pty Ltd ACN 659 836 174 of 3/1049 Victoria Road, West Ryde NSW 2114 Australia (HVPA) on the basis of information and sources believed to be reliable.  HVPA is an authorized representative No. 001298550 under Australian Financial Services License No. 540514 in connection with the provision of financial services to wholesale clients.

Under no circumstances should any part of this website be construed as an offering or solicitation of an offer. Any investment in the products of this site may only be made on the basis of a Private Placement Memorandum, subscription agreement and governing documentation in relation to the Fund.  A copy of such documents is available on a confidential basis by contacting HVPA.

The materials available on this website are designed for persons who are wholesale clients within the meaning prescribed under section 761G of the Corporations Act 2001 (Cth) (Corporations Act) only.

This website is only available for wholesale clients in Australia.

This website and any product, content, information, tools or services provided or available through the website are provided to wholesale clients for informational purposes only and does not constitute a recommendation to buy or sell any security or fund interest. Nothing on the Website shall be considered a solicitation for the offering of any investment product or service to any person in any jurisdiction where such solicitation or offering may not lawfully be made. This website is not, and must not be treated as, investment advice, investment recommendations, or investment research. In making an investment decision, prospective investors must rely on their own examination of the merits and risks involved and before making any investment decision, it is recommended that prospective investors seek independent investment, legal, tax, accounting or other professional advice as appropriate.

Please understand that while HVPA will make reasonable efforts to ensure the material on the site is as accurate and timely as possible and that disruptions of service are minimal, we make no warranty or guarantee concerning the availability of this site or the services or the accuracy of the information on it. These views and opinions are based on the information available at the time, are subject to change without notice, and may not necessarily be shared by HVPA, or its employees, in general. Although every effort is taken to ensure that the information contained herein is accurate, we make no representation or warranty, express or implied, regarding the accuracy, completeness or adequacy of the information.

The information on this Website is solely intended for use by wholesale clients as defined under section 761G of the Corporations Act.

Azerbaijan

The contents of this document are for informational purposes only and are not intended to create or increase interest in, nor do they aim to promote the placement of, foreign securities or of licensable services in the Republic of Azerbaijan. No communication is not intended for further dissemination to the public at large in the Republic of Azerbaijan.

Bahamas

Interests shall not be offered or sold in or from The Bahamas except in circumstances that do not constitute an offer to the public. Interests may only be offered to “accredited investors” as that term is defined in the Securities Industry Regulations, 2012 by an investment fund incorporated, registered or established outside The Bahamas.

Bahrain

The document has not been approved by the Central Bank of Bahrain which takes no responsibility for its contents. No offer to the public to purchase the fund units will be made in the Kingdom of Bahrain and this document is intended to be read by the addressee only and must not be passed to, issued to, or shown to the public generally.

Belgium

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document may only be distributed and the Fund may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

Bermuda

Funds may be offered or sold in Bermuda only in compliance with the provisions of the Investment Business Act of 2003 of Bermuda which regulates the sale of securities in Bermuda. Additionally, non-Bermudian persons (including companies) may not carry on or engage in any trade or business in Bermuda unless such persons are permitted to do so under applicable Bermuda legislation.

Brazil

Interest(s) in any HarbourVest product / service (a “Fund”) may not be offered or sold to the public in Brazil. Accordingly, the Fund has not been nor will be registered with the Brazilian Securities Commission – CVM nor have they been submitted to the foregoing agency for approval. Documents relating to the Fund, as well as the information contained therein, may not be supplied to the public in Brazil, as the offering of the Fund is not a public offering of securities in Brazil, nor used in connection with any offer for subscription or sale of securities to the public in Brazil.

Canada

No securities commission or similar authority in Canada has reviewed or in any way passed upon this document or the merits of the Fund described in the presentation, and any representation to the contrary is an offence. Additional country disclosure information is available upon request.

Chile

The information contained in this document should not constitute a public offering in Chile. This offer relates to securities not registered on the Registries kept by the Financial Markets Commission, and therefore such securities may not be subject of public offerings.

China

This material does not constitute a public offer of any product or fund, whether by sale or subscription, in the People’s Republic of China (the “PRC”). Neither the product nor the fund is being offered or sold directly or indirectly in the PRC to or for the benefit of, legal or natural persons of the PRC.

Further, no legal or natural persons of the PRC may directly or indirectly purchase any of the product/ fund or any beneficial interest therein without obtaining all prior PRC’s governmental approvals that are required, whether statutorily or otherwise. Persons who come into possession of this material are required by the issuer and its representatives to observe these restrictions.

Colombia

This document does not constitute a public offer in the Republic of Colombia. The offer of HarbourVest Partners X, HarbourVest 2015 Global Fund, and HIPEP VII (each, the “Fund”) is addressed to less than one hundred specifically identified investors. The Fund may not be promoted or marketed in Colombia or to Colombian residents, unless such promotion and marketing is made in compliance with Decree 2555 of 2010 and other applicable rules and regulations related to the promotion of foreign Products in Colombia.

The distribution of this document and the offering of the Fund may be restricted in certain jurisdictions. The information contained in this document is for general guidance only, and it is the responsibility of any person or persons in possession of this document and wishing to make application for the Fund to inform themselves of, and to observe, all applicable laws and regulations of any relevant jurisdiction. Prospective applicants for the Fund should inform themselves of any applicable legal requirements, exchange control regulations and applicable taxes in the countries of their respective citizenship, residence or domicile.

Costa Rica

This is an individual and private offer which is made in Costa Rica upon reliance on an exemption from registration before the General Superintendency of Securities (“SUGEVAL”), pursuant to article 6 of the Regulations on the Public Offering of Securities (“Reglamento sobre Oferta Pública de Valores”). This information is confidential, and is not to be reproduced or distributed to third parties as this is NOT a public offering of securities in Costa Rica.

The product being offered is not intended for the Costa Rican public or market and neither is it registered or will be registered before the SUGEVAL, nor can it be traded in the secondary market.

Denmark

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document may only be distributed and the Fund may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

El Salvador

These materials have been produced for the purpose of providing information about the private fund interest(s). These materials are made available on the condition that it is for the use only by the recipient and may not be passed on to any other person or be reproduced in any part. The private fund interest(s) have not been and will not be offered in the course of a public offering or of equivalent marketing in El Salvador and therefore, the provisions of the Stock Market Law of 1994 (Ley del Mercado de Valores) as amended, relating to registration requirements and to prospectus requirements do not apply. The private fund interest(s) have thus neither been registered for public distribution in El Salvador with the Stock Superintendency nor been the subject matter of a prospectus compliant with the Stock Market Law. Any subscription application by any person other than the initial recipient of these materials will be rejected.

European Economic Area

This information shall not constitute an offer or solicitation in relation to any HarbourVest fund (“Fund”) or any investment services provided by HarbourVest or its affiliates in any jurisdiction, or to any person, to whom it is unlawful to make offer or solicitation.

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document may only be distributed to the extent that: (1) the Fund is notified for marketing or pre-marketing to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor). If the AIFM decides to terminate its arrangement for marketing the Fund in any EEA country where it is registered for sale, the AIFM will do so in accordance with the relevant AIFMD rules.

Finland

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document may only be distributed and the Fund may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

France

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document may only be distributed and the Fund may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

Germany

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document is issued by HarbourVest Partners (Ireland) Limited and may only be distributed and the Fund may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

Guernsey

This document is only being, and may only be, made available in or from within the Bailiwick of Guernsey and the offer that is the referred to in this document is only being, and may only be, made in or from within the Bailiwick of Guernsey:
(i) by persons licensed to do so under the Protection of Investors (Bailiwick of Guernsey) Law, 1987 (as amended); or
(ii) to persons licensed under the Protection of Investors (Bailiwick of Guernsey) Law, 1987 (as amended), the Banking Supervision (Bailiwick of Guernsey) Law, 1994 (as amended), the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000 (as amended) or the Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002 (as amended).

The offer referred to in this document and this document are not available in or from within the Bailiwick of Guernsey other than in accordance with the above paragraphs (i) and (ii) and must not be relied upon by any person unless made or received in accordance with such paragraphs.

Hong Kong

The contents of this material have not been reviewed or approved by any regulatory authority in Hong Kong. Investors are advised to exercise caution in relation to the offer.  If investors are in any doubt about any of the contents of this material, investors should obtain independent professional advice.

Any funds mentioned herein is a collective investment scheme but is not authorised under Section 104 of the Securities and Futures Ordinance of Hong Kong by the Securities and Futures Commission of Hong Kong. Accordingly the distribution of this material, and the placement of interests in Hong Kong, is restricted. This material may only be distributed, circulated or issued to persons who are professional investors under the Securities and Futures Ordinance and any rules made under that Ordinance or as otherwise permitted by the Securities and Futures Ordinance.

Iceland

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document may only be distributed and the Fund may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

In relation to each Member State of the EEA which, at the date of this document, has not implemented AIFMD, this document may only be distributed and the Fund may only be offered or placed to the extent that this document may be lawfully distributed and the Fund may lawfully be offered or placed in that Member State (including at the initiative of the investor).

Ireland

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document may only be distributed and the Fund may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

Israel

This document shall not constitute an offer, solicitation or recommendation in relation to any securities or funds sponsored by, or any investment services provided by, HarbourVest or its affiliates in any jurisdiction where it is unlawful to do so.

This document has not been approved by the Israeli Securities Authority and will only be distributed to Israeli residents in a manner that will not constitute “an offer to the public” under sections 15 and 15a of the Israel Securities Law, 5728-1968 (“the Securities Law”) or section 25 of the Joint Investment Trusts Law, 5754-1994 (“the Joint Investment Trusts Law”), as applicable. The funds are being offered to a limited number of investors (35 investors or fewer during any given 12 month period) and/or those categories of investors listed in the First Addendum (“the Addendum”) to the Securities Law, (“Sophisticated Investors”) namely joint investment funds or mutual trust funds, provident funds, insurance companies, banking corporations (purchasing funds for themselves or for clients who are Sophisticated Investors), portfolio managers (purchasing funds for ,themselves or for clients who are Sophisticated Investors), investment advisors or investment marketers (purchasing funds for themselves), members of the Tel-Aviv Stock Exchange (purchasing funds for themselves or for clients who are Sophisticated Investors), underwriters (purchasing funds for themselves), venture capital funds engaging mainly in the capital market, an entity which is wholly-owned by Sophisticated Investors, corporations, other than formed for the specific purpose of an acquisition pursuant to an offer, with a shareholders equity in excess of NIS 50 million, and individuals in respect of whom the terms of item 9 in the Schedule to the Investment Advice Law hold true investing for their own account, each as defined in the said Addendum, as amended from time to time, and who in each case have provided written confirmation that they qualify as Sophisticated Investors, and that they are aware of the consequences of such designation and agree thereto; in all cases under circumstances that will fall within the private placement or other exemptions of the Joint Investment Trusts Law, the Securities Law and any applicable guidelines, pronouncements or rulings issued from time to time by the Israeli Securities Authority.

This document may not be reproduced or used for any other purpose, nor be furnished to any other person other than those to whom copies have been sent. Any offeree who purchases a fund is purchasing such fund for its own benefit and account and not with the aim or intention of distributing or offering such fund to other parties (other than, in the case of an offeree which is an Sophisticated Investor by virtue of it being a banking corporation, portfolio manager or member of the Tel-Aviv Stock Exchange, as defined in the Addendum, where such offeree is purchasing funds for another party which is an Sophisticated Investor). Nothing in this document should be considered Investment Advice or Investment Marketing defined in the Regulation of Investment Counselling, Investment Marketing and Portfolio Management Law, 5755-1995.

Investors are encouraged to seek competent investment counselling from a locally licensed investment counsel prior to making the investment. As a prerequisite to the receipt of a copy of this document a recipient may be required by the fund to provide confirmation that it is an Sophisticated Investor purchasing funds for its own account or, where applicable, for other Sophisticated Investors.

Japan

The Interests have not been and will not be registered pursuant to Article 4, Paragraph 1 of the Financial Instruments and Exchange Law of Japan (Law no. 25 of 1948, as amended) and, accordingly, none of the Interests nor any interest therein may be offered or sold, directly or indirectly, in Japan or to, or for the benefit of, any Japanese person or to others for re-offering or resale, directly or indirectly, in Japan or to any Japanese person except under circumstances which will result in compliance with all applicable laws, regulations and guidelines promulgated by the relevant Japanese governmental and regulatory authorities and in effect at the relevant time. For this purpose, a “Japanese person” means any person resident in Japan, including any corporation or other entity organized under the laws of Japan.

Jordan

The document has not been and will not be filed, approved or registered with the Jordan Securities Commission in accordance with its regulations and any other legislations in the Hashemite Kingdom of Jordan. The document has not been and will not be offered or sold, at any time, directly or indirectly, in the Hashemite Kingdom of Jordan, unless in compliance with the provisions of the Securities Law No. 18 of 2017 and the regulations and instructions issued pursuant thereto.

Kazakhstan

HarbourVest Partners, LLC is an entity registered and operating under the laws of Delaware, USA. Any fund interests will be offered and provided on a cross-border basis only; and the fund(s) will not be and are not intended to be registered or offered in or from the territory of the Republic of Kazakhstan. An investment into the fund(s) by a Kazakhstan resident may be subject to certain restrictions, limitations and requirements as imposed under Kazakhstan law or applicable under any internal document of the investor, including inter alia limitation of the investment capacity. A Kazakhstan resident making an investment into the fund(s) shall ensure that its investment will be in strict compliance with any of such restrictions, limitations and requirements as established under Kazakhstan law or any applicable internal document.

Korea

Neither HarbourVest funds nor HarbourVest Partners L.P. or its affiliates are making any representation with respect to the eligibility of any recipients of this material to acquire the interest therein under the laws of Korea, including but without limitation the Foreign Exchange Transaction Act and Regulations thereunder. The interests may only be offered to Qualified Professional Investors upon their request, as such term is defined under the Financial Investment Services and Capital Markets Act, and none of the interests may be offered, sold or delivered, or offered or sold to any person for re-offering or resale, directly or indirectly, in Korea or to any resident of Korea except pursuant to applicable laws and regulations of Korea.

Kuwait

This marketing document is not for circulation in Kuwait. The Fund has not been licensed for offering in Kuwait by the Kuwait Capital Markets Authority or any other relevant Kuwait government agency or regulatory authority. The offering of the Fund in Kuwait on the basis of a private placement or public offering is, therefore, restricted in accordance with Law No. 7 of 2010 and the bylaws thereto (as amended). No private or public offering of the Fund is being made in Kuwait, and no agreement relating to the sale of the Fund will be concluded in Kuwait. No marketing or solicitation or inducement activities are being used to offer or market the Fund in Kuwait.

Liechtenstein

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document may only be distributed and the Fund may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

In relation to each Member State of the EEA which, at the date of this document, has not implemented AIFMD, this document may only be distributed and the Fund may only be offered or placed to the extent that this document may be lawfully distributed and the Fund may lawfully be offered or placed in that Member State (including at the initiative of the investor).

Luxembourg

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document may only be distributed and the Fund may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

Malaysia

No action has been, or will be, taken to comply with Malaysian laws for making available, offering for subscription or purchase, or issuing any invitation to subscribe for or purchase or sales of the shares/interests in Malaysia or to persons in Malaysia as the shares/interests are not intended by the issuer to be made available, or made the subject of any offer or invitation to subscribe or purchase, in Malaysia.  Neither this document nor any document or other material in connection with the shares/interests should be distributed, caused to  be distributed ore circulated in Malaysia.

No person should make available or make any invitation or offer or invitation to sell or purchase the interests in Malaysia unless such person takes the necessary action to comply with Malaysian laws.

Mexico

The Funds have not been and will not be registered with the National Registry of Securities, maintained by the Mexican National Banking Commission and, as a result, may not be offered or sold publicly in Mexico. The fund and any underwriter or purchaser may offer and sell the Funds in Mexico, to Institutional and Accredited Investors, on a private placement basis, pursuant to Article 8 of the Mexican Securities Market Law. Each investor shall be responsible for calculating and paying its own taxes, receiving any necessary tax advice. Neither the fund nor the marketing entity shall be deemed to have provided tax advice to the potential investor.

Netherlands

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document may only be distributed and the Fund may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

New Zealand

This material is not a product disclosure statement for the purposes of the Financial Markets Conduct Act 2013 (the “FMCA”) and does not contain all the information typically included in such offering documentation.

Any offer of interests in HarbourVest funds does not constitute “regulated offer” for the purposes of the FMCA and, accordingly, there is neither a product disclosure statement nor a register entry available in respect of the offer. Fund interests in any funds managed by HarbourVest Partners L.P. or its affiliates may only be offered in New Zealand in accordance with the FMCA and the Financial Markets Conduct Regulations 2014.

Norway

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document may only be distributed and the Fund may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

In relation to each Member State of the EEA which, at the date of this document, has not implemented AIFMD, this document may only be distributed and the Fund may only be offered or placed to the extent that this document may be lawfully distributed and the Fund may lawfully be offered or placed in that Member State (including at the initiative of the investor).

Oman

For Residents of the Sultanate of Oman

The information contained in this marketing document neither constitutes a public offer of securities in the Sultanate of Oman as contemplated by the Commercial Companies Law of Oman (Royal Decree 18/2019) or the Capital Market Law of Oman (Royal Decree 80/98), nor does it constitute an offer to sell, or the solicitation of any offer to buy Non-Omani securities in the Sultanate of Oman as contemplated by Article 139 of the Executive Regulations to the Capital Market Law (issued by Decision No. 1/2009). Additionally, this marketing document is not intended to lead to the conclusion of any contract of whatsoever nature within the territory of the Sultanate of Oman.

If you do not understand the contents of this document, you should consult an authorised financial adviser.

Panama

The fund(s) included herein have not been listed with the Superintendence of the Securities Market and neither has any offering, sale or transaction with them. The listing exemption has been made based on Article 83 (3) of Decree Law no. 1 of July 8, 1999 (institutional investors). Consequently the tax treatment established under Articles 269 to 271 of Law Decree 1, dated 8 July 1999, does not apply. These fund(s) do not fall under the supervision of the Superintendence of the Securities Market.

The offering of fund interest may be restricted in certain jurisdictions. The above information is for general guidance only, and it is the responsibility of any person or persons wishing to make application for fund interest to inform themselves of, and to observe, all applicable laws and regulations of any relevant jurisdiction.  Prospective applicants for fund interest should inform themselves as to legal requirements also applying and any applicable exchange control regulations and applicable taxes in the countries of their respective citizenship, residence of domicile.

Peru

No HarbourVest product / account / offering (each, a “Fund”) have been registered before the Superintendencia del Mercado de Valores (“SMV”) and are being placed by means of a private offer. SMV has not reviewed the information provided to the investor. Any HarbourVest material provided is only for the exclusive use of institutional investors in Peru and is not for public distribution.

Poland

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document may only be distributed and the Fund may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

Qatar

The Units are only being offered to a limited number of investors who are willing and able to conduct an independent investigation of the risks involved in an investment in such Units. The promotional documentation does not constitute an offer to the public and is for the use only of the named addressee and should not be given or shown to any other person (other than employees, agents or consultants in connection with the addressee’s consideration thereof). The fund has not been and will not be registered with the Qatar Central Bank or any other relevant licensing authorities or governmental agencies in the State of Qatar. No transaction will be concluded in your jurisdiction and any inquiries regarding the Units should be made to HarbourVest.

Saudi Arabia

This document may not be distributed in the Kingdom except to such persons as are permitted under the Investment Funds Regulations issued by the Capital Market Authority.

The Capital Market Authority does not make any representation as to the accuracy or completeness of this document, and expressly disclaims any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this document. Prospective subscribers of the securities offered hereby should conduct their own due diligence on the accuracy of the information relating to the securities to be offered. If you do not understand the contents of this document, you should consult an authorised financial advise.

Singapore

HarbourVest Partners (Singapore) Pte. Ltd., 1 Raffles Quay, #37-02 North Tower, Singapore 048583, is licensed by the Monetary Authority of Singapore as a Capital Markets Services license holder (License no. CMS101079) in respect of fund management and is permitted to serve only institutional investors and accredited investors. The contents of this website, including any attachments, are for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy any capital markets products.

The content and any document or material in this website have not been registered as a prospectus with the Monetary Authority of Singapore.  Accordingly, this website and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of interests may not be circulated or distributed, nor may interests be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an institutional investor pursuant to Section 304 of the Securities and Futures Act, Chapter 289 of Singapore (the “SFA”)) or (ii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.

Spain

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document may only be distributed and the Fund may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

South Africa

HarbourVest is not currently authorized as a Financial Services Provider (FSP) in South Africa. These materials do not constitute an offer to sell or a solicitation of an offer to buy interests in any fund or investment vehicle (each a “Fund”) managed by HarbourVest Partners or its affiliates. Such an offer may only be made in accordance with the laws of South Africa and will be made pursuant to the Private Placement Memorandum of the Fund and subscriptions will be accepted solely pursuant to definitive documentation. Offers and sales of interests in the Fund will not be registered under the laws of any jurisdiction and will be made solely to “qualified purchasers” as defined in the US Investment Company Act of 1940, as amended. These materials are highly confidential and must be read in conjunction with the Private Placement Memorandum of the Fund. These materials do not purport to contain all the information relevant to evaluating an investment in the Fund.

South Korea

No HarbourVest funds open to new investors, other than HarbourVest Asia Pacific Fund VIII L.P., HarbourVest 2018 Global Fund L.P., and HarbourVest Co-Investment Fund V L.P. (the “Registered Funds”), have been registered with the Financial Supervisory Service of Korea for a public offering in Korea.  The Registered Funds have not been and will not be offered, sold or delivered directly or indirectly, or offered, sold or delivered to any person for re-offering or resale, directly or indirectly, in Korea or to any resident of Korea, except as otherwise permitted under applicable Korean laws and regulations, including the Financial Investment Services and Capital Markets Act and the Foreign Exchange Transaction Law and the decrees and regulations thereunder. By the purchase of the Funds, the relevant holder thereof will be deemed to represent and warrant that if it is in Korea or is a resident of Korea, it purchased the Registered Funds pursuant to the applicable laws and regulations of Korea. These materials do not constitute an offer to sell or the solicitation of an offer to buy interests in any other investment sponsored (collectively, the “Unregistered Products”), or investment services offered, by HarbourVest Partners L.P. or its affiliates. None of the Unregistered Products are currently registered in Korea and they are not currently available for purchase in Korea. This material is highly confidential and is not to be reproduced or distributed to persons other than the Recipient without the express written permission of HarbourVest.

Sweden

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/no longer available), this document may only be distributed and the Fund may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

Switzerland

The distribution of interests of certain HarbourVest funds (each a “Fund”) in Switzerland will be exclusively made to, and directed at, qualified investors (the “Qualified Investors”), as defined in Article 10(3) and (3ter) of the Swiss Collective Investment Schemes Act (“CISA”) and its implementing ordinance. Accordingly, the Fund has not been and will not be registered with the Swiss Financial Market Supervisory Authority (“FINMA”). These materials and/or any offering or marketing materials relating to the Fund may be made available in Switzerland solely to Qualified Investors. In respect of its offer and marketing in Switzerland to Qualified Investors with an opting-out pursuant to Art. 5(1) of the Swiss Federal Act on Financial Services (“FinSA”) and without any portfolio management or advisory relationship with a financial intermediary pursuant to Article 10(3ter) CISA, each Fund has appointed a Swiss representative and paying agent. The representative of the Fund in Switzerland is ACOLIN Fund Services AG, succursale Genève, 6 Cours de Rive, 1204 Geneva. The Paying Agent in Switzerland is Banque Cantonale de Genève, 17 Quai de l’Ile, CH-1211 Geneva 2, Switzerland. The place of performance for Interests of the Fund offered or distributed in or from Switzerland is the registered office of the Representative. Copies of the Private Placement Memorandum, Limited Partnership Agreement, and annual and semi-annual reports of the Fund can be obtained free of charge from the Representative.

For further information for Prospective and Existing Investors in Switzerland, please click here.

Taiwan

The interests may be made available outside Taiwan for purchase outside Taiwan by Taiwan resident investors, but may not be offered or sold in Taiwan.

Thailand

This material has not been approved by the Securities and Exchange Commission which takes no responsibility for its contents. No offer to the public to purchase the interests will be made in Thailand and this material is intended to be read by the addressee only.

UAE (excluding Dubai International Financial Centre (DIFC))

This document, and the information contained herein, does not constitute, and is not intended to constitute, a public offer of securities in the United Arab Emirates (“UAE”) and accordingly should not be construed as such. The Units are only being offered to a limited number of exempt investors in the UAE.

The Units have not been approved by or licensed or registered with the UAE Central Bank, the SCA, the Dubai Financial Services Authority, the Financial Services Regulatory Authority or any other relevant licensing authorities or governmental agencies in the UAE (the “Authorities”). The Authorities assume no liability for any investment that the named addressee makes as a Professional Investor. The document is for the use of the named addressee only and should not be given or shown to any other person (other than employees, agents or consultants in connection with the addressee’s consideration thereof).

DIFC

This information does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe for or purchase, any securities or investment products in the UAE (including the Dubai International Financial Centre and the Abu Dhabi Global Market) and accordingly should not be construed as such.

Furthermore, this information is being made available on the basis that the recipient acknowledges and understands that the entities and securities to which it may relate have not been approved, licensed by or registered with the UAE Central Bank, the Dubai Financial Services Authority, the UAE Securities and Commodities Authority, the Financial Services Regulatory Authority or any other relevant licensing authority or governmental agency in the UAE.

The content of this report has not been approved by or filed with the UAE Central Bank, the Dubai Financial Services Authority, the UAE Securities and Commodities Authority or the Financial Services Regulatory Authority.

United Kingdom

This information shall not constitute an offer or solicitation in relation to any HarbourVest fund (“Fund”) or any investment services provided by HarbourVest or its affiliates in any jurisdiction, or to any person, to whom it is unlawful to make an offer or solicitation.This communication may only be distributed and the Fund may only be offered or placed in the United Kingdom to the extent that: (1) the Fund is permitted to be marketed to “professional investors” in the United Kingdom in accordance with the Alternative Investment Fund Managers Directive (Directive 2011/61/EU), as implemented into the local law/regulation of the United Kingdom; or (2) this communication may otherwise be lawfully distributed and the Fund may otherwise be lawfully offered or placed in the United Kingdom (including at the initiative of the investor). This communication is directed only at (a) persons who have professional experience in matters relating to investments, falling within article 19(5) (“investment professionals”) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Order”), (b) persons falling within article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Order, or (c) persons to whom this email may otherwise lawfully be communicated (the persons referred to in (a) to (c) being referred to collectively as “relevant persons”).  This communication must not be acted on or relied on by persons who are not relevant persons.  The Fund interests are available only to relevant persons.

Uruguay

The sale of any fund interest(s) qualifies as a private placement pursuant to section 2 of Uruguayan law 18,627. The fund interest(s) must not be offered or sold to the public in Uruguay, except in circumstances which do not constitute a public offering or distribution under Uruguayan laws and regulations. The fund interest(s) are not and will not be registered with the Financial Services Superintendency of the Central Bank of Uruguay. The fund interest(s) correspond to investment funds that are not investment funds regulated by Uruguayan law 16,774 dated September 27, 1996, as amended.

Venezuela

Under the laws of the República Bolivariana de Venezuela (“Venezuela”), no public offer of a HarbourVest product described in this presentation may take place in Venezuela. This presentation may not be publicly distributed within the territory of Venezuela.

Continuation solutions encompass a host of transaction types in which a GP secures interim liquidity and/or additional primary capital for their LPs in a strongly performing asset, or set of assets, that the GP will continue to own and control. Specifically, they include continuation funds, new funds created by GPs for the purpose of acquiring the asset(s) that continue to be managed by the same GP and capitalized by one or several secondary buyers, or equity recapitalizations involving a direct equity or structured equity investment into a portfolio company. These transactions can also include a parallel investment from the GP’s latest fund into that same pool of assets (a “cross-fund trade”).