NBPE Nb Private Equity Partners Limited

 
TIDMNBPE 
 
12 May 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 30 April 2010, the unaudited NAV per share was $9.58, which represents an 
increase  of 0.2% compared to the  unaudited NAV per share  of $9.55 at 31 March 
2010. 
 
The  value of NBPE's  private equity portfolio  as presented in  the April 2010 
monthly report was based on the following information: 
  * 23% of the private equity fair value was held in credit-related fund 
    investments that were re-valued as of 30 April 2010 
  * 9% of the private equity fair value was held in publicly traded securities 
    that were re-valued as of 30 April 2010 
  * 42% of the private equity fair value was held in private equity funds and 
    private co-investments using valuation information through 31 March 2010 
  * 26% of the private equity fair value was held in private equity funds and 
    private co-investments using valuation information through 31 December 2009 
 
 
During April, NBPE's portfolio value increased due to $2.2 million of unrealized 
gains  on  public  equity  securities  and  $1.7  million of unrealized gains on 
credit-related  fund investments.  These gains  were offset  by $0.2  million of 
negative  foreign exchange  adjustments. In  addition, net  unrealized losses of 
$1.6  million were attributable to the  receipt of Q1 2010 valuation information 
for  certain  fund  investments  and  private  co-investments.  The Company also 
completed  the previously announced sale of  its remaining interest in a certain 
large-cap  buyout fund.  The Company received the  proceeds of the final sale in 
April,  and  the  sales  of  this  interest  reduced  unfunded commitments by an 
aggregate  $13.9  million.  NBPE's  Investment  Manager believes the Company can 
generate more attractive risk-adjusted returns by re-deploying this capital into 
other private equity investments. 
 
NBPE  expects to issue its  interim management report for  the quarter ended 31 
March  2010 in mid to  late May. The  Company is required  to consider, and will 
consider,  all known  material information  in preparing  such financial report, 
including  information that may become known  subsequent to the issuance of this 
monthly  NAV  update.  Accordingly,  amounts  included in the interim management 
report may differ from the amounts published in the monthly report. 
 
NBPE  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 April 2010 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 with Class 
A  ordinary shares admitted to trading  on Euronext Amsterdam and the Specialist 
Fund  Market  of  the  London  Stock  Exchange.  NBPE has ZDP shares admitted to 
trading on the Specialist Fund Market of the London Stock Exchange and the Daily 
Official  List of the  Channel Islands 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. 
 
www.nbprivateequitypartners.com <http://www.nbprivateequitypartners.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. 
 
 
 
 
[HUG#1415130] 
 
 
 
 
 
    NBPE Monthly NAV Update for April 2010: http://hugin.info/137843/R/1415130/366401.pdf 
    NBPE Monthly Report - April 2010: http://hugin.info/137843/R/1415130/366402.pdf 
 

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