NBPE Nb Private Equity Partners Limited

 
TIDMNBPE 
 
 
   THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR 
DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE 
UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS 
 
   NB Private Equity Partners Announces Monthly NAV Update for April 2018 
 
   18 May 2018 
 
   NB Private Equity Partners Limited ("NBPE" or the "Company"), a 
closed-end private equity investment company, today announced an updated 
Net Asset Value ("NAV") for the month ended 30 April 2018. 
 
   Key Highlights 
 
 
   -- Monthly and annual NAV development: 
 
 
 
 
 
                                      30 Apr-18  30 Apr-18 
(Returns in $USD)              Month     YTD        LTM 
Total return NAV development 
 per Share([1] #_ftn1)          0.6%       0.2%      11.4% 
NAV development per Share       0.6%     (1.2%)       8.1% 
 
 
 
   -- 30 April 2018 NAV per Share of $17.24 (GBP12.52) increased $0.11 
      (GBP0.29) from $17.13 (GBP12.23) NAV per Share at 31 March 2018 
 
 
   -- NBPE's NAV increase of $5.0 million during the month of April included: 
 
 
   -- $2.8 million of unrealised gains attributable to the receipt of new 
      valuation information, or $0.06 per share 
 
   -- $3.0 million of other unrealised gains, or $0.06 per share, attributable 
      to gains from public securities and realisations adjustments, which were 
      slightly offset by mark-to-market losses 
 
   -- $1.3 million of accrued cash and PIK interest from the income investment 
      portfolio, or $0.03 per share 
 
   -- $2.1 million decrease in NAV attributable to value changes to other 
      assets and liabilities during the month 
 
 
   Portfolio Valuation 
 
   The value of NBPE's private equity portfolio as of 30 April 2018 was 
based on the following information([2] #_ftn2) : 
 
 
   -- 26% of the private equity fair value was valued as of 30 April 2018 
 
          -- 16% in private direct investments 
 
          -- 8% in public securities 
 
          -- 2% in credit-related fund investments 
 
   -- 12% of the private equity fair value was valued as of 31 March 2018 
 
          -- 10% in private direct investments 
 
          -- 2% in fund investments 
 
   -- 1% of the private equity fair value was valued as of 28 February 2018 
 
          -- 1% in private direct investments 
 
   -- 61% of the private equity fair value was valued as of 31 December 2017 
 
          -- 56% in private direct investments 
 
          -- 5% in fund investments 
 
   Portfolio Commentary 
 
   During the month of April, NBPE received $17.8 million from equity 
co-investments, consisting primarily of exit proceeds from the full 
realisation of Consilio and partial proceeds from the sale of a portion 
of public stock of Black Knight Financial Services (NYSE: BKI). Income 
investments distributed $5.4 million, of which $2.4 million consisted of 
exit proceeds from one healthcare credit investment and the remainder 
consisted of principal and interest payments. In addition, funds 
investments distributed $0.7 million during the month. 
 
   In terms of contributions, NBPE funded $4.2 million to the NB Credit 
Opportunities Program as well as a  $0.3 million follow-on in an equity 
co-investment. 
 
   For further information, please contact: 
 
   NBPE Investor Relations          +1 214 647 9593 
 
 
 
   Neustria Partners                     +44 20 3021 2580 
 
   Nick Henderson 
Nick.Henderson@neustriapartners.com 
 
   Robert Bailhache 
Robert.Bailhache@neustriapartners.com 
 
   Charles Gorman 
Charles.Gorman@neustriapartners.com 
 
   ABOUT NB PRIVATE EQUITY PARTNERS LIMITED 
 
   NBPE is a closed-end private equity investment company with class A 
ordinary shares admitted to trading on the Premium Segment of the Main 
Market of the London Stock Exchange and Euronext Amsterdam. NBPE has 
2022 ZDP Shares admitted to trading on the Specialist Fund Segment of 
the Main Market of the London Stock Exchange. NBPE holds a diversified 
portfolio of direct equity investments, direct income investments and 
fund investments selected by the NB Alternatives group of Neuberger 
Berman, diversified across private equity asset class, geography, 
industry, vintage year, and sponsor. 
 
   ABOUT NEUBERGER BERMAN 
 
   Neuberger Berman, founded in 1939, is a private, independent, 
employee-owned investment manager. The firm manages a range of 
strategies-including equity, fixed income, quantitative and multi-asset 
class, private equity and hedge funds-on behalf of institutions, 
advisors and individual investors globally. With offices in 20 countries, 
Neuberger Berman's team is more than 1,900 professionals. For four 
consecutive years, the company has been named first or second in 
Pensions & Investments Best Places to Work in Money Management survey 
(among those with 1,000 employees or more). Tenured, stable and 
long-term in focus, the firm fosters an investment culture of 
fundamental research and independent thinking. It manages $299 billion 
in client assets as of March 31, 2018. For more information, please 
visit our website at www.nb.com. 
 
   This press release appears as a matter of record only and does not 
constitute an offer to sell or a solicitation of an offer to purchase 
any security. 
 
   NBPE is established as a closed-end investment company domiciled in 
Guernsey. NBPE has received the necessary consent of the Guernsey 
Financial Services Commission and the States of Guernsey Policy Council. 
NBPE is registered with the Dutch Authority for the Financial Markets as 
a collective investment scheme which may offer participations in The 
Netherlands pursuant to article 2:66 of the Financial Markets 
Supervision Act (Wet op het financial toezicht). All investments are 
subject to risk. Past performance is no guarantee of future returns. The 
value of investments may fluctuate. Results achieved in the past are no 
guarantee of future results. This document is not intended to constitute 
legal, tax or accounting advice or investment recommendations. 
Prospective investors are advised to seek expert legal, financial, tax 
and other professional advice before making any investment decision. 
Statements contained in this document that are not historical facts are 
based on current expectations, estimates, projections, opinions and 
beliefs of NBPE's investment manager. Such statements involve known and 
unknown risks, uncertainties and other factors, and undue reliance 
should not be placed thereon. Additionally, this document contains 
"forward-looking statements." Actual events or results or the actual 
performance of NBPE may differ materially from those reflected or 
contemplated in such targets or forward-looking statements. 
 
   ([1] #_ftnref1) Assumes reinvestment of dividends on the ex-dividend 
date and reflects cumulative returns over time period shown. 
 
   ([2] #_ftnref2) Please refer to the valuation methodology section of the 
monthly report for a description of the Manager's valuation policy. 
While   some valuation data is as of 31 March 2018, 28 February 2018 and 
31 December 2017, the Manager's analysis and historical experience lead 
the Manager to believe that this approximates fair value at 30 April 
2018. 
 
   Monthly NAV April 2018: http://hugin.info/137843/R/2193795/849736.pdf 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: NB Private Equity Partners Limited via Globenewswire 
 
 
  http://www.nbprivateequitypartners.com 
 

(END) Dow Jones Newswires

May 18, 2018 02:00 ET (06:00 GMT)

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