NBPE Nb Private Equity Partners Limited

 
TIDMNBPE 
 
 
   NB Private Equity Partners Announces Monthly Net Asset Value Update for 
June 2015 
 
   10 July 2015 
 
   NB Private Equity Partners Limited ("NBPE" or the "Company"), a 
closed-end private equity investment company, today announced an updated 
Net Asset Value ("NAV"). During June, NBPE's NAV decreased by $1.7 
million, principally due to unrealized losses in certain public 
positions which were partially offset by cash and PIK interest from the 
income investment portfolio. 
 
   Key Highlights 
 
 
   -- Change in NAV per Share: 
 
          -- Month: (0.3%) 
 
          -- Year to date: 2.2% 
 
          -- Last Twelve Months: 4.4% 
 
   -- Change in Total Return NAV per Share*: 
 
          -- Month: (0.3%) 
 
          -- Year to date: 4.2% 
 
          -- Last Twelve Months: 8.5% 
 
 
   * Assumes reinvestment of dividends and reflects cumulative returns over 
time period shown. 
 
   NBPE's NAV decrease during the month included: 
 
 
   -- $2.5 million of accrued cash and PIK interest from the income investment 
      portfolio 
 
   -- $1.6 million of unrealized gains attributable to the receipt of new 
      valuation information 
 
   -- $0.2 million of unrealized gains on credit-related fund investments 
 
   -- $3.3 million of unrealized losses on public securities 
 
   -- $2.7 million of net losses from other realized gains, investment income, 
      and expenses 
 
 
   There were no shares repurchased during the month of June. 
 
   Portfolio Valuation 
 
   The value of NBPE's private equity portfolio as presented in the June 
2015 monthly report was based on the following information: 
 
 
   -- 49% of the private equity fair value was valued as of 30 June 2015 
 
          -- 37% in private direct investments based on 30 June 2015 valuation 
             information 
 
          -- 10% in public securities 
 
          -- 2% in credit-related fund investments 
 
   -- 3% of the private equity fair value was valued as of 31 May 2015 
 
          -- 2% in fund investments based on 31 May 2015 valuation information 
 
          -- 1% in private direct investments based on 31 May 2015 valuation 
             information 
 
   -- 48% of the private equity fair value was valued as of 31 March 2015 
 
          -- 30% in private direct investments based on Q1 2015 valuation 
             information 
 
          -- 18% in fund investments based on Q1 2015 valuation information 
 
 
   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. 
 
   Please refer to the valuation methodology section of the monthly report 
for a description of our valuation policy. While some valuation data is 
as of 31 May and 31 March 2015, our analysis and historical experience 
lead us to believe that this approximates fair value at 30 June 2015. 
 
   During the month of June, NBPE's aggregate trading volume on Euronext 
Amsterdam, the London Stock Exchange, and over-the-counter trading 
platforms was 1,036,217 Class A ordinary shares, which represents an 
average daily trading volume of approximately 47,101 Class A ordinary 
shares. 
 
   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 June 2015 monthly report, which is published on NBPE's 
website at www.nbprivateequitypartners.com. The monthly report should be 
read in conjunction with this announcement. 
 
   NBPE expects to issue its interim financial report for the six month 
period ended 30 June 2015 in August. The interim financial report will 
include unaudited financial information prepared in accordance with 
accounting principles generally accepted in the United States. NBPE is 
required to consider, and will consider, all known material information 
in preparing such interim financial report, including information that 
may become known subsequent to the issuance of this monthly report. 
Accordingly, amounts included in the interim financial report may differ 
from this monthly report. 
 
   For further information, please contact: 
 
   NBPE Investor Relations     +1 214 647 9593 
 
 
 
   FTI Consulting                         +44 20 3727 1046/1160 
 
   Edward Berry 
 
   Laura Ewart 
 
   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 Securities 
Exchange Authority Limited. NBPE holds a diversified portfolio of direct 
income investments, equity investments and fund 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, founded in 1939, is a private, independent, 
employee-owned investment manager. The firm manages equities, fixed 
income, private equity and hedge fund portfolios for institutions and 
advisors worldwide. With offices in 18 countries, Neuberger Berman's 
team is more than 2,100 professionals and the company was named by 
Pensions & Investments as a 2013 and 2014 Best Place to Work in Money 
Management. Tenured, stable and long-term in focus, the firm fosters an 
investment culture of fundamental research and independent thinking. It 
manages $251 billion in client assets as of March 31, 2015. 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 PEP June 2015 NAV Announcement: 
http://hugin.info/137843/R/1936436/698049.pdf 
   NB PEP June 2015 NAV: http://hugin.info/137843/R/1936436/698048.pdf 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: NB Private Equity Partners Limited via Globenewswire 
 
   HUG#1936436 
 
 
  http://www.nbprivateequitypartners.com 
 

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