NBPE Nb Private Equity Partners Limited

 
TIDMNBPE 
 
13 January 2010 
 
NB  Private  Equity  Partners  Limited  ("NBPE"  or "the Company"), a closed-end 
private  equity fund of funds investment company, today announced an updated Net 
Asset Value ("NAV"). 
As  of 31 December 2009, NBPE's unaudited NAV  per share was $9.04, representing 
an  increase of  0.6% compared to  the unaudited  NAV per  share of $8.99 at 30 
November 2009. 
In December, the Company received  GBP29.5 million ($49.0 million) in proceeds from 
the  previously  announced  issuance  of  zero  dividend preference shares ("ZDP 
Shares"). 
The  Company also entered into a long-term  currency forward contract to hedge a 
significant  portion of  the liability  associated with  the new ZDP shares into 
USD.  Under the terms of the contract, NBPE  agreed to purchase  GBP40 million at a 
defined  rate in May 2017, protecting much of the final capital entitlement from 
fluctuations  in  the  Sterling  exchange  rate.  At  present, NBPE's Investment 
Manager  estimates  that  the  remaining  currency  risk  of  the  final capital 
entitlement  is indirectly hedged by  portfolio investments that are denominated 
in Sterling. 
The  value of NBPE's private equity portfolio as presented in the December 2009 
monthly report was based on the following information: 
 
  * 21% of  the  private  equity  fair  value  was  held  in credit-related fund 
    investments that were re-valued as of 31 December 2009 
  * 9% of  the private equity fair value  was held in publicly traded securities 
    that were re-valued as of 31 December 2009 
  * 54% of  the private equity fair value was held in private equity funds using 
    valuation information through 30 September 2009 
  * 15% of  the private  equity fair  value was  held in  private co-investments 
    using valuation information through 30 September 2009 
  * Less  than 1% of the  private equity fair  value was held  in private equity 
    funds using valuation information through 30 June 2009 
 
During  December,  NBPE's  portfolio  value  increased  due  to  $2.8 million of 
unrealized  gains  on  credit-related  fund  investments  and  $2.1  million  of 
unrealized  gains related to public equity securities. These gains in value were 
offset by $1.1 million of unrealized losses related to negative foreign exchange 
adjustments. 
NBPE expects to issue its annual report and audited financial statements for the 
year  ended 31 December 2009 in mid-March. The  Company is required to consider, 
and  will consider, all  known material information  in preparing such financial 
statements,  including  information  that  may  become  known  subsequent to the 
issuance  of  this  monthly  NAV  update.  Accordingly,  amounts included in the 
financial  statements  may  differ  from  the  amounts  published in the monthly 
report. 
NBPE  also  expects  to  continue  to  provide  regular NAV updates within seven 
business days of each month's end. 
A  breakdown of NBPE's NAV can be  obtained in the December 2009 monthly report, 
which  is published on the  Company's website at www.nbprivateequitypartners.com 
<http://www.nbprivateequitypartners.com/>.  The monthly report should be read in 
conjunction with this announcement. 
 
 
 
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 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. 
 
 
 
 
 
[HUG#1372939] 
 
 
 
 
 
    NBPE Monthly NAV Update for December 2009: http://hugin.info/137843/R/1372939/336336.pdf 
    NBPE Monthly Report - December 2009: http://hugin.info/137843/R/1372939/336337.pdf 
 

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