NB Private Equity Partners Announces Monthly NAV Update for May 2018
26 Giugno 2018 - 8:00AM
26 June 2018
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 May 2018.
Key
Highlights
(Returns in $USD) |
Month |
31 May-18
YTD |
31 May-18
LTM |
Total
return NAV development
per Share[1]
|
1.0% |
1.3% |
11.9% |
NAV
development per Share |
1.0% |
(0.2%) |
8.6% |
Portfolio
Valuation
The value of NBPE's private equity
portfolio as of 31 May 2018 was based on the following
information[2]:
Portfolio
Commentary
During May, NBPE funded $9.6 million to two new equity investments,
in CH Guenther, a supplier of baking mixes and food products, and
SafeFleet, a provider of safety products for fleet operators.
In terms of distributions, NBPE
received $8.3 million from direct equity investments, consisting
primarily of proceeds from a partial realisation of Staples, the
partial sale of public stock in Gardner Denver (NYSE: GDI), and the
final sale of the remaining public shares in Black Knight Financial
Services (NYSE: BKI). Income investments distributed $1.4 million,
consisting of principal and interest payments. Fund investments
distributed $3.9 million during May, of which $3.0 million was
received from Bertram Growth Capital II.
Also during May, NBPE completed
the successful issuance of its 2024 ZDPs, at a GRY of 4.25% and at
the maximum offering size of £50 million.
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 the Premium Segment of the
Main Market of the London Stock Exchange and Euronext Amsterdam.
NBPE has 2022 and 2024 ZDP Shares admitted to trading on the
Specialist Fund Segment of the Main Market of the London Stock
Exchange. NBPE holds a diversified portfolio of direct equity
investments, direct income 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.
LEI number:
213800UJH93NH8IOFQ77
ABOUT NEUBERGER
BERMAN
Neuberger Berman, founded in 1939,
is a private, independent, employee-owned investment manager. The
firm manages a range of strategies-including equity, fixed income,
quantitative and multi-asset class, private equity and hedge
funds-on behalf of institutions, advisors and individual investors
globally. With offices in 20 countries, Neuberger Berman's team is
more than 1,900 professionals. For four consecutive years, the
company has been named first or second in Pensions &
Investments Best Places to Work in Money Management survey (among
those with 1,000 employees or more). Tenured, stable and long-term
in focus, the firm fosters an investment culture of fundamental
research and independent thinking. It manages $299 billion in
client assets as of March 31, 2018. For more information, please
visit our website at www.nb.com.
[1] Assumes reinvestment of dividends on the ex-dividend date
and reflects cumulative returns over time period shown.
[2] 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 31 March 2018, the
Manager's analysis and historical experience lead the Manager to
believe that this approximates fair value at 31 May 2018.
Monthly NAV May 2018
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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
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