BPLE Bear ST.PE Eqt

RNS Number:8064P
Bear Stearns Private Equity Limited
11 March 2008

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO
AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OF AMERICA

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS SHOULD
NOT SUBSCRIBE FOR OR PURCHASE ANY SHARES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT
ON THE BASIS OF INFORMATION IN THE PROSPECTUS TO BE PUBLISHED BY BEAR STEARNS
PRIVATE EQUITY LIMITED IN CONNECTION WITH THE PROPOSED PLACING. COPIES OF THE
PROSPECTUS WILL, FOLLOWING PUBLICATION, BE AVAILABLE FROM THE BEAR STEARNS
PRIVATE EQUITY LIMITED'S REGISTERED OFFICE.

Bear Stearns Private Equity Limited
St Martin's House, Le Bordage, St Peter Port, Guernsey GY1 4AU

11 March 2008

Regulatory News Service
London Stock Exchange
London
EC4M 7LS

Dear Sir,

BEAR STEARNS PRIVATE EQUITY LIMITED - FURTHER ISSUE OF SHARES

Bear Stearns Private Equity Limited (the "Company") announces a placing under
which it is targetting raising $250 million - $350 million in New Equity Shares
to fund additional acquisitions over approximately the next 9 months.  This is
the Company's fourth fundraising since it was launched in 2005.

The Company's current portfolio is nearly fully committed and invested in
private equity assets.  The proceeds will be used to invest in seasoned
interests in private equity funds globally.

The Placing Price per New Equity Share is estimated at a 2.12 per cent. premium
to the 31 March 2008 net asset value (based on an issue size of $300 million).
The final placing price will be announced on 18 April 2008.  The premium
represents the estimated costs and expenses of the Placing.

Bear Stearns International Limited, HSBC Private Bank (UK) Limited, HSBC Private
Bank (Monaco) SA, HSBC Private Bank (Luxembourg) SA, HSBC Private Bank (Suisse)
SA,  HSBC Private Bank (Suisse) SA, Hong Kong Branch, HSBC Private Bank (Suisse)
SA, Singapore Branch, HSBC Securities (Japan) Limited, Tokyo Branch, The
Hongkong and Shanghai Banking Corporation Limited, Seoul Branch, JPMorgan
Cazenove, and Natixis have been appointed as placing agents in respect of the
New Equity Shares.  JPMorgan Cazenove has been appointed sponsor.

Expected Timetable
Placing price announced                               18 April 2008
Prospectus published                                  18 April 2008
Closing of offering                                   By end of April 2008

Enquiries:

Bear Stearns Asset Management
Greg Getschow / Troy Duncan +1 212 272 7732

HSBC entities
Marina Gerova +44 (0) 20 7860 3052

JPMorgan Cazenove
Angus Gordon Lennox +44 (0) 020 7588 2828

Natixis
Jean-Francois Tine +33 (0)1 58 55 05 81
Peregrine Communications

Anthony Payne / Max Hilton +44 (0) 20 7822 2300 / +44 (0) 7930 643 983 /
anthony.payne@peregrinecommunications.co.uk

THIS ANNOUNCEMENT HAS BEEN ISSUED BY, AND IS THE SOLE RESPONSIBILITY OF BEAR
STEARNS PRIVATE EQUITY LIMITED.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER TO SELL,
PURCHASE, EXCHANGE OR SUBSCRIBE FOR ANY SECURITIES OR SOLICITATION OF SUCH AN
OFFER IN THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION. BEAR STEARNS
PRIVATE EQUITY LIMITED HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED
STATES INVESTMENT COMPANY ACT OF 1940, AS AMENDED. THE SECURITIES REFERRED TO IN
THIS ANNOUNCEMENT HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED, AND WILL NOT BE OFFERED OR SOLD OR
OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR
BENEFIT OF, US PERSONS EXCEPT IN ACCORDANCE WITH THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED, OR AN EXEMPTION THEREFROM AND UNDER CIRCUMSTANCES WHICH
WILL NOT REQUIRE BEAR STEARNS PRIVATE EQUITY LIMITED TO REGISTER UNDER THE
UNITED STATES INVESTMENT COMPANY ACT OF 1940, AS AMENDED.
THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT INTO CERTAIN JURISDICTIONS OTHER THAN THE UK MAY BE 
RESTRICTED BY LAW AND THEREFORE PERSONS IN SUCH JURISDICTIONS INTO WHICH THIS ANNOUNCEMENT IS RELEASED, PUBLISHED OR 
DISTRIBUTED SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH ANY SUCH 
RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OR REGULATION OF SUCH JURISDICTIONS.

THIS ANNOUNCEMENT INCLUDES FORWARD-LOOKING STATEMENTS THAT ARE PREDICTIONS OF OR INDICATE FUTURE EVENTS AND FUTURE 
TRENDS. THESE FORWARD-LOOKING STATEMENTS INCLUDE ALL MATTERS THAT ARE NOT HISTORICAL FACTS. UNDUE RELIANCE SHOULD NOT BE
PLACED ON FORWARD-LOOKING STATEMENTS BECAUSE THEY INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT 
ARE IN MANY CASES BEYOND THE COMPANY'S CONTROL. BY THEIR NATURE, FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND 
UNCERTAINTIES BECAUSE THEY RELATE TO EVENTS AND DEPEND ON CIRCUMSTANCES THAT MAY OR MAY NOT OCCUR IN THE FUTURE. 
FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE, AND THE COMPANY'S ACTUAL RESULTS OF OPERATIONS, 
FINANCIAL CONDITION AND LIQUIDITY, AND THE DEVELOPMENT OF THE INDUSTRY IN WHICH IT OPERATES MAY DIFFER MATERIALLY FROM 
THOSE MADE IN OR SUGGESTED BY THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS ANNOUNCEMENT. THE CAUTIONARY STATEMENTS 
SET FORTH ABOVE SHOULD BE CONSIDERED IN CONNECTION WITH ANY SUBSEQUENT WRITTEN OR ORAL FORWARD-LOOKING STATEMENTS THAT 
THE COMPANY, OR PERSONS ACTING ON ITS BEHALF, MAY ISSUE. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF 
THIS ANNOUNCEMENT AND ARE NOT INTENDED TO GIVE ANY ASSURANCES AS TO FUTURE RESULTS. SAVE AS REQUIRED BY LAW OR 
REGULATION, THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE FORWARD-LOOKING STATEMENTS, AND WILL NOT PUBLICLY 
RELEASE ANY REVISIONS IT MAY MAKE TO THESE FORWARD-LOOKING STATEMENTS THAT MAY RESULT FROM EVENTS OR CIRCUMSTANCES 
ARISING AFTER THE DATE OF THIS ANNOUNCEMENT.

JPMorgan Cazenove Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting for Bear Stearns Private
Equity Limited and for no one else in connection with the matters referred to in
this announcement and will not be responsible to anyone other than Bear Stearns
Private Equity Limited for providing the protections afforded to clients of
JPMorgan Cazenove Limited or for affording advice in relation to the contents of
this announcement or on any matters referred to herein.

END




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