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 
 
   NB Private Equity Partners Announces Increase to Existing Credit 
Facility 
 
   26 March 2020 
 
   NB Private Equity Partners Limited ("NBPE" or the "Company"), a 
closed-end private equity investment company, today announced that it 
has agreed to exercise the accordion feature of its existing credit 
facility with Massachusetts Mutual Life Insurance Company 
("MassMutual"). As announced on 24th December 2019, the ten year credit 
facility was originally $200 million in size, or up to $250 million 
inclusive of a $50 million accordion feature. Following this exercise 
the facility is now $250 million in size and all other terms and 
conditions of the facility remain as previously announced. 
 
   For further information, please contact: 
 
   NBPE Investor Relations           +1 214 647 9593 
 
   Kaso Legg Communications      +44 (0)20 3995 6673 
 
   Charles Gorman 
https://www.globenewswire.com/Tracker?data=fhDZaTQaM9YMe-9G_mPqlphN5FSElogfm__o0X5pmhgGzfmHbO0T-OymKghVl3J2O7Up4OIXiASnay-caVO7tyv_tSEAruen5Rj_HjU5jwunxQuirL9LOv91IDP1ktos 
nbpe@kl-communications.com 
 
   About NB Private Equity Partners Limited 
 
   NBPE invests in direct private equity investments alongside market 
leading private equity firms globally. NB Alternatives Advisers LLC (the 
"Investment Manager"), an indirect wholly owned subsidiary of Neuberger 
Berman Group LLC, is responsible for sourcing, execution and management 
of NBPE. The vast majority of direct investments are made with no 
management fee / no carried interest payable to third-party GPs, 
offering greater fee efficiency than other listed private equity 
companies. NBPE seeks capital appreciation through growth in net asset 
value over time while paying a bi-annual dividend. 
 
   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, real estate and hedge funds--on behalf of 
institutions, advisors and individual investors globally. With offices 
in 23 countries, Neuberger Berman's diverse team has 2,200 
professionals. For six 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). The firm 
was awarded an A+ in every category in the latest 2019 PRI report for 
our approach to ESG integration across asset classes. The firm manages 
$356 billion in client assets as of December 31, 2019. For more 
information, please visit our website at www.nb.com. 
 
 
 
 

(END) Dow Jones Newswires

March 26, 2020 03:00 ET (07:00 GMT)

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