NB Private Equity Partners Limited NB Private Equity Partners Limited : Interim Management Statement
19 Novembre 2012 - 8:00AM
UK Regulatory
TIDMNBPE
NB Private Equity Partners Publishes Interim Management Statement for the Period
Ending 30 September 2012 and Announces Revised NAV Estimate for October 2012
19 November 2012
NB Private Equity Partners Limited ("NBPE" or "the Company") today released its
Interim Management Statement for the period ending 30 September 2012 and
announced a revised net asset value ("NAV") estimate for 31 October 2012. This
statement is made pursuant to article 5:25e of the Dutch Financial Supervision
Act (Wet op het financieel toezicht) which requirement stems from the EU
Transparency Directive. (1)
As of 30 September 2012, NBPE's unaudited NAV per Share was $11.43, representing
a 3.6% increase compared to the audited NAV per Share of $11.03 at 31 December
2011. During the first nine months of 2012, our private equity portfolio
generated realized gains of $21.8 million. The portfolio also had net unrealized
gains of $5.9 million from private investments, credit-related fund investments
and public equity securities. Investment performance during the first nine
months was offset by $10.2 million of net operating expenses. Share repurchases
were accretive to NAV per Share by approximately $0.05.
The fair value of NBPE's private equity portfolio as presented in the Interim
Management Statement was based on the following information:
· 50% of the private equity fair value was held in private equity funds
using valuation information through 30 September 2012
· 30% of the private equity fair value was held in private co-investments
using valuation information through 30 September 2012
· 8% of the private equity fair value was held in publicly traded
securities that were re-valued as of 30 September 2012
· 12% of the private equity fair value was held in private equity funds
and co-investments using valuation information through 30 June 2012
Based on the updated valuation information in the Interim Management Statement,
NBPE's revised estimate of the unaudited NAV per share at 31 October 2012 is
$11.41, which represents an increase of 0.5% compared to the unaudited NAV per
share of $11.35 that was previously published in the October monthly report. The
revised estimate of the unaudited NAV per share at 31 October 2012 of $11.41
represents a decrease of 0.2% compared to the unaudited NAV per share of $11.43
as of 30 September 2012.
The Interim Management Statement for the period ending 30 September 2012 is
available on NBPE's website at www.nbprivateequitypartners.com and should be
read in conjunction with this announcement.
(1) Pursuant to article 5:25e and article 5:25m of the Dutch Financial
Supervision Act this Interim Management Statement has been made generally
available by means of a press release and by publication on NBPE's website
(www.nbprivateequtiypartners.com) and has been filed with the Netherlands
Authority for the Financial Markets (Autoriteit Financiële Markten).
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
For further information, please contact:
NBPE Investor Relations +1 214 647 9593
Financial Dynamics +44 20 7269 7297/7243
Edward Berry
Laura Pope
ABOUT NB PRIVATE EQUITY PARTNERS LIMITED
NBPE is a closed-end private equity 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.
ABOUT NEUBERGER BERMAN
Neuberger Berman is a private, independent, employee-controlled investment
manager. It partners with institutions, advisors and individuals throughout the
world to customize solutions that address their needs for income, growth and
capital preservation. With more than 1,700 professionals focused exclusively on
asset management, it offers an investment culture of independent thinking.
Founded in 1939, the company provides solutions across equities, fixed income,
hedge funds and private equity, and had $203 billion in assets under management
as of 30 September 2012. 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.
NB Private Equity Partners Limited : Interim Management Statement:
http://hugin.info/137843/R/1658965/536948.pdf
NB Private Equity Partners Limited : Interim Management Statement:
http://hugin.info/137843/R/1658965/536949.doc
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NB Private Equity Partners Limited via Thomson Reuters ONE
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