NBPE Nb Private Equity Partners Limited

 
TIDMNBPE 
 
 
   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 
 
   11 February 2016 
 
   NB Private Equity Partners Limited ("NBPE" or the "Company"), a 
closed-end private equity investment company, today announced an updated 
Net Asset Value ("NAV") for the month ended 31 January 2016. 
 
   Key Highlights 
 
 
   -- Monthly, year to date and LTM NAV development: 
 
 
 
 
 
                                          Month   31 Jan 16 YTD  31 Jan 16 LTM 
 
Total return NAV development per 
 Share([1] #_ftn1)                        (1.0%)         (1.0%)           4.0% 
NAV development per Share                 (3.3%)         (3.3%)         (2.5%) 
 
 
 
   -- $0.25 per Share dividend declared on 25 January 2016, to be paid on 29 
      February 2016. 
 
   -- Option to receive dividends paid in Sterling currency and a dividend 
      re-investment option are available to Shareholders 
 
          -- Sterling dividend currency election for UK Shareholders to receive 
             dividends in Sterling 
 
          -- Dividend re-investment plan for Shareholders who prefer to focus 
             on the generation of capital gains through re-investment of 
             dividend proceeds in additional shares 
 
          -- Election deadline for both programs is 12 February 2016 
 
          -- Election forms for both programs can be found under the dividend 
             information section on NBPE's website at 
             www.nbprivateequitypartners.com 
 
   -- 31 January 2016 NAV per Share of $13.89 (including impact of a $0.25 per 
      Share dividend declared), down from $14.37 NAV per Share at 31 December 
      2015 
 
   -- -1.0% decline in total return NAV per Share. -3.3% decrease in NAV during 
      the month to $677.7 million, (31 December 2015: $701.2 million). 
      Unrealised gains from accrued cash and payment-in-kind ("PIK") interest 
      were offset by losses from the receipt of new valuation information, 
      public securities, foreign exchange and other expenses 
 
   -- NBPE's NAV decrease of $23.4 million during the month included: 
 
          -- $12.2 million of a declared dividend, or ($0.25) per share 
 
          -- $2.4 million of accrued cash and PIK interest from the income 
             investment portfolio, 
 
 
   or $0.05 per share 
 
 
   -- $0.9 million of negative foreign exchange adjustments, or ($0.02) per 
      share 
 
   -- $5.9 million of unrealised losses on public securities, or ($0.12) per 
      share 
 
   -- $6.7 million of unrealised losses attributable to the receipt of new 
      valuation information, or ($0.14) per share 
 
   -- $0.3 million of net losses from other realised gains, investment income, 
      and expenses, 
 
 
   or ($0.01) per share 
 
   Portfolio Valuation 
 
   The value of NBPE's private equity portfolio as of 31 January 2016 was 
based on the following information([2] #_ftn2) : 
 
 
   -- 45% of the private equity fair value was valued as of 31 January 2016 
 
          -- 37% in private direct investments 
 
          -- 6% in public securities 
 
          -- 2% in credit-related fund investments 
 
   -- 14% of the private equity fair value was valued as of 31 December 2015 
 
          -- 7% in fund investments 
 
          -- 7% in private direct investments 
 
   -- 41% of the private equity fair value was valued as of 30 September 2015 
 
          -- 29% in private direct investments 
 
          -- 12% in fund investments 
 
   Portfolio commentary 
 
   During January, NBPE participated in two new income investments 
including MedAssets, a healthcare performance improvement company, and a 
generic pharmaceutical company. NBPE also participated in an equity 
co-investment in GC Services, a provider of call center management and 
collection agency services. 
 
   In terms of distributions, NBPE received $20.7 million from equity 
co-investments, primarily driven by the distribution and subsequent sale 
of Sabre stock. This was NBPE's single largest holding and the full exit 
produced a strong outcome. Following this sale, public stock exposure 
has fallen to 6% as of 31 January 2016. Income investments distributed 
$4.7 million to NBPE during January, consisting of principal and 
interest, and NBPE also received $0.5 million from fund investments 
during the month. 
 
   For further information, please contact: 
 
   NBPE Investor Relations          +1 214 647 9593 
 
 
 
   Neustria Partners                     +44 20 3021 2580 
 
   Nick Henderson 
Nick.Henderson@neustriapartners.com 
 
   Robert Bailhache 
Robert.Bailhache@neustriapartners.com 
 
   Charles Gorman 
Charles.Gorman@neustriapartners.com 
 
   ([1] #_ftnref1) Assumes reinvestment of dividends on the ex-dividend 
date and reflects cumulative returns over time period shown. 
 
   #_ftnref2 2 Please refer to the valuation methodology section of the 
interim report for a description of our valuation policy. While some 
valuation data is as of 31 December and 30 September 2015, our analysis 
and historical experience lead us to believe that this approximates fair 
value at 31 January 2016. 
 
   NB PEP January 2016 Monthly NAV: 
http://hugin.info/137843/R/1985353/728075.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#1985353 
 
 
  http://www.nbprivateequitypartners.com 
 

(END) Dow Jones Newswires

February 11, 2016 02:01 ET (07:01 GMT)

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