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 April 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 March 2016. 
 
   Key Highlights 
 
 
   -- Monthly, year to date and LTM NAV development: 
 
 
 
 
 
                                           Month  31 Mar 16 YTD  31 Mar 16 LTM 
 
Total return NAV development per 
 Share([1] #_ftn1)                          0.2%           0.0%           2.0% 
NAV development per Share                   0.2%         (2.4%)         (2.6%) 
 
 
 
   -- 31 March 2016 NAV per Share of $14.00, $0.02 increase from $13.98 NAV per 
      Share at 29 February 2016 
 
   -- 0.2% increase in NAV during the month to $683.4 million, (29 February: 
      $682.0 million). Unrealised gains from accrued cash and payment-in-kind 
      ("PIK") interest, foreign exchange and public securities were offset by 
      expenses and losses from the receipt of new valuation information 
 
   -- NBPE's NAV increase of $1.4 million during the month included: 
 
          -- $4.5 million of unrealised gains on public securities, or $0.09 
             per share 
 
          -- $2.0 million of accrued cash and PIK interest from the income 
             investment portfolio, 
 
 
   or $0.04 per share 
 
 
   -- $1.7 million of positive foreign exchange adjustments, or $0.04 per share 
 
   -- $2.3 million of net losses from other realised gains, investment income, 
      and expenses, 
 
 
   or ($0.05) per share 
 
 
   -- $4.5 million of unrealised losses attributable to the receipt of new 
      valuation information, or ($0.09) per share 
 
 
 
 
   Portfolio Valuation 
 
   The value of NBPE's private equity portfolio as of 31 March 2016 was 
based on the following information([2] #_ftn2) : 
 
 
   -- 46% of the private equity fair value was valued as of 31 March 2016 
 
          -- 6% in public securities 
 
          -- 2% in credit-related fund investments 
 
          -- 38% in private direct investments 
 
   -- 1% of the private equity fair value was valued as of 29 February 2016 
 
          -- 1% in private direct investments 
 
   -- 1% of the private equity fair value was valued as of 31 January 2016 
 
          -- 1% in private direct investments 
 
   -- 52% of the private equity fair value was valued as of 31 December 2015 
 
          -- 35% in private direct investments 
 
          -- 17% in fund investments 
 
   Portfolio commentary 
 
   During March, NBPE completed one new equity co-investment and two new 
income investments. NBPE participated in an equity co-investment in LGC, 
a life sciences measurement and testing company. With respect to income 
investments, NBPE invested $13.0 million in the second lien debt of GCA 
Services, a national provider of janitorial and custodial services, and 
the second lien debt of Asurion, a provider of mobile insurance 
protection, which was purchased in the secondary market. An additional 
$1.0 million was invested in follow-ons to the existing small business 
loan programs. 
 
   In terms of distributions, NBPE received $9.3 million from income 
investments, consisting of principal and interest payments and $2.6 
million as a result of the exit of PhysioTherapy debt. Fund investments 
distributed $4.4 million during March, driven primarily by proceeds 
received from mid-cap buyout and growth funds. NBPE also received $0.1 
million from equity co-investments. 
 
   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 
 
   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, direct 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 $240 billion in client assets as of 31 December 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. 
 
   ([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 
monthly report for a description of our valuation policy. While some 
valuation data is as of 29 February 2016, 31January 2016 and 31 December 
2015, our analysis and historical experience lead us to believe that 
this approximates fair value at 31 March 2016. 
 
   NBPE March 2016 Monthly NAV : 
http://hugin.info/137843/R/2002120/738803.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#2002120 
 
 
  http://www.nbprivateequitypartners.com 
 

(END) Dow Jones Newswires

April 11, 2016 02:00 ET (06:00 GMT)

Grafico Azioni Nb Private Equity Partners (LSE:NBPE)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Nb Private Equity Partners (LSE:NBPE)
Storico
Da Lug 2023 a Lug 2024