NBPE Nb Private Equity Partners Limited

 
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 
[HUG#1658965] 
 

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