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 
 
   10 August 2016 
 
   This announcement replaces the previous July 2016 Monthly Net Asset 
Value statement, issued on 10 August 2016 at 07:00 BST. The monthly 
change in NAV and Total Return NAV per Share has been corrected to 1.0% 
from 3.0% in the earlier statement. All other information in the 
announcement is unchanged. 
 
   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 July 2016. 
 
   Key Highlights 
 
 
   -- Monthly, year to date and LTM NAV development: 
 
 
 
 
 
                                           Month  31 Jul 16 YTD  31 Jul 16 LTM 
 
Total return NAV development per 
 Share([1] #_ftn1)                          1.0%           3.4%           2.8% 
NAV development per Share                   1.0%           1.6%           1.0% 
 
 
 
   -- After the associated dividend liability, the 31 July 2016 NAV per Share 
      of $14.33 decreased 0.7% from $14.43 at 30 June 2016 
 
   -- NBPE's NAV decrease of ($5.2) million during the month included: 
 
          -- ($12.2) million of dividend declared, or ($0.25) per share 
 
          -- $3.6 million of unrealised gains on public securities, or $0.07 
             per share 
 
          -- $2.0 million of accrued cash and payment in kind ("PIK") interest 
             from the income investment portfolio, or $0.04 per share 
 
          -- $0.9 million of unrealised gains attributable to the receipt of 
             new valuation information, or $0.02 per share 
 
          -- $0.1 million of unrealised gains on credit related fund 
             investments $0.00 per share 
 
          -- ($0.3) million of foreign exchange adjustments at the portfolio 
             company level, or ($0.01) per share 
 
          -- $0.6 million of net gains from realised investments, investment 
             income, and expenses, 
 
 
   or $0.01 per share 
 
   Portfolio Valuation 
 
   The value of NBPE's private equity portfolio as of 31 July 2016 was 
based on the following information([2] #_ftn2) : 
 
 
   -- 42% of the private equity fair value was valued as of 31 July 2016 
 
          -- 33% in private direct investments 
 
          -- 7% in public securities 
 
          -- 2% in credit-related fund investments 
 
   -- 52% of the private equity fair value was valued as of 30 June 2016 
 
          -- 41% in private direct investments 
 
          -- 11% in fund investments 
 
   -- 6% of the private equity fair value was valued as of 31 March 2016 
 
          -- 6% in fund investments 
 
 
   NBPE expects to issue its semi-annual report for the six month period 
ended 30 June 2016 in August. The quarterly 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 quarterly reports may differ from this monthly 
report. 
 
   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 19 countries, Neuberger Berman's 
team is approximately 2,000 professionals and the company was named by 
Pensions & Investments as a Best Place to Work in Money Management for 
three consecutive years. Tenured, stable and long-term in focus, the 
firm fosters an investment culture of fundamental research and 
independent thinking. It manages $246 billion in client assets as of 
June 30, 2016. 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. 
 
   ([2] #_ftnref2) Please refer to the valuation methodology section of the 
monthly report for a description of the Manager's valuation policy. 
While some valuation data is as of 30 June and 31 March 2016, the 
Manager's analysis and historical experience lead the Manager to believe 
that this approximates fair value at 31 July 2016. 
 
   NBPE July 2016 Monthly NAV: 
http://hugin.info/137843/R/2034394/757611.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#2034394 
 
 
  http://www.nbprivateequitypartners.com 
 

(END) Dow Jones Newswires

August 10, 2016 09:38 ET (13:38 GMT)

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