NBPE Nb Private Equity Partners Limited

 
TIDMNBPE 
 
26 August 2009 
 
NB Private Equity  Partners Limited ("NBPE"  or "the Company")  today 
released its Interim  Report and unaudited  financial statements  for 
the  period  ending  30  June  2009.   NBPE  will  host  an  investor 
conference call  on  10  September  2009  in  order  to  discuss  the 
Company's recent performance. 
 
As of 30  June 2009,  NBPE's unaudited  net asset  value ("NAV")  per 
share increased  to  $8.35.   This represents  an  increase  of  7.2% 
compared to the unaudited NAV per share of $7.79 at 31 March 2009 and 
an increase of 1.9% compared to the audited NAV per share of $8.20 at 
31 December 2008. 
 
During the second quarter of  2009, NBPE's private equity  investment 
portfolio had net realized gains of $1.6 million. The portfolio  also 
experienced net  unrealized gains  of $20.6  million associated  with 
credit-related fund investments and public equity securities and  net 
unrealized  gains  of   $8.6  million  related   to  privately   held 
investments.  Interest   and   dividend  income,   foreign   exchange 
translation, operating expenses and treasury stock adjustments in the 
second quarter  resulted in  a  $2.9 million  decrease in  net  asset 
value. 
 
The fair value of NBPE's private equity portfolio as presented in the 
Interim Report was based on the following information: 
 
  * 50% of the private equity fair value was held in private equity 
    funds using valuation information through 30 June 2009 
  * 17% of the private equity fair value was held in credit related 
    fund investments that were re-valued as of 30 June 2009 
  * 16% of the private equity fair value was held in private 
    co-investments using valuation information through 30 June 2009 
  * 9% of the private equity fair value was held in publicly traded 
    securities that were re-valued as of 30 June 2009 
  * 8% of the private equity fair value was held in private equity 
    funds using valuation information through 31 March 2009 
 
The Interim Report for the period ending 30 June 2009 is available on 
the  Company's  Web  site  at  www.nbprivateequitypartners.com.   The 
Interim Report should be read in conjunction with this announcement. 
 
NBPE will host an  investor conference call on  10 September 2009  at 
15.00 CEST /  14.00 BST /  9.00am EDT.  The call can  be accessed  by 
dialing    +1-866-919-8155    (U.S./Canada)    or     +1-706-634-9866 
(International) with the  access code 27108964.  Please ask for  "the 
NBPE investor conference call." 
 
A playback facility will be available two hours after the  conference 
call. This  facility  can  be  accessed  by  dialing  +1-800-642-1687 
(U.S./Canada) or +1-706-645-9291 (International). The code to  access 
the recording is 27108964. 
 
The August 2009 monthly report  and an updated investor  presentation 
will be published on  the Company's website  prior to the  conference 
call on 10 September 2009. 
 
 
For further information, please contact: 
 
 
NBPE Investor Relations    +1 214 647 9593 
 
 
Financial Dynamics         +44 20 7269 7114 
Rob Bailhache 
Nick Henderson 
 
 
About NB Private Equity Partners Limited 
NBPE is a closed-end private equity fund of funds investment  company 
admitted to trading  on Euronext  Amsterdam and  the Specialist  Fund 
Market of  the  London  Stock  Exchange.  NBPE  holds  a  diversified 
portfolio   of   private   equity   fund   investments   and   direct 
co-investments selected  by the  NB Alternatives  group of  Neuberger 
Berman, diversified  across private  equity asset  class,  geography, 
industry, vintage year and sponsor. 
 
 
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  State  of  Guernsey  Policy 
Counsel.  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. Prospective investors  are advised to seek  expert 
legal, financial, tax and other professional advice before making any 
investment decision. 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. 
 
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http://hugin.info/137843/R/1337105/318491.pdf 
 
 
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solely responsible for the content of this announcement. 
 

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