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 
 
   NBPE Announces Increased Semi-Annual Dividend 
 
   15 January 2021 
 
   NB Private Equity Partners Limited ("NBPE" or the "Company"), today 
declared an increased semi-annual dividend payment for the Company's 
Ordinary Shares of $0.31 per Share, to be paid on 26 February 2021. In 
line with its long term dividend policy, this payment represents a yield 
of 3.0% of the 31 December 2020 estimated NAV per share of $20.53 
(GBP15.02) on an annualised basis. Based on the London Stock Exchange 
closing share price of GBP11.95 ($16.36 at a GBP/USD exchange rate of 
$1.369) on 14 January 2021, this payment represents an annualised 
dividend yield of 3.8%. 
 
   2020 was a successful and active year for NBPE. The increased dividend 
was driven by NBPE's strong NAV growth of 10.8% during the year (based 
on the December monthly NAV update which contained 82% of valuations as 
of 30 September 2020, final December 2020 NAV is expected in April 
2021). The Company had significant realisation activity in 2020.  Total 
realisations during the year were $199.1 million, representing 
approximately 18.3% of the portfolio's opening value. These realisations 
were driven by five full/final exits which together generated total cash 
proceeds of $114.4 million in 2020 and an aggregate gross multiple of 
2.9x invested capital (inclusive of prior realisations). The Company 
also made a significant amount of new investments during 2020 with 
$131.6 million of total investment activity and the manager continues to 
review new opportunities for inclusion in NBPE's portfolio in 2021. 
These numbers compare favourably to the 2019 calendar year, in which 
NBPE had realisations of $179.0 million (representing 17.5% of the 
portfolio's opening value) and invested $121.8 million. 
 
   While the Company declares dividends in US Dollars, Shareholders will 
receive Sterling dividends at the prevailing rate at the time of 
currency conversion, unless an election to receive dividends in US 
Dollars is made on forms which are available on NBPE's website prior to 
the currency election date listed below. If an investor has previously 
elected to receive US Dollars, that election will be used unless 
changed. Investors may also participate in a dividend re-investment plan 
(forms for which are available on NBPE's website) if they wish to 
increase their shareholdings instead of receiving cash dividends. 
 
 
 
 
Distribution amount:                                 $0.31 per Share 
===================================================  ================ 
Ex-dividend date:                                    28 January 2021 
===================================================  ================ 
Dividend record date:                                29 January 2021 
===================================================  ================ 
Final day for Currency Election:                     5 February 2021 
===================================================  ================ 
Final day for Dividend Re-investment Plan Election:  12 February 2021 
===================================================  ================ 
Payment date:                                        26 February 2021 
===================================================  ================ 
 
 
   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=FrfMbnbDc0jhfBfW-CHXs41YBijfiemnjxJu08YzSCTHkKJ1uxbjeuaksXDOeXVrY6NzdhpGdU1nj6UzT-MAVvjEpJuGAWB8fwXmKBUo0gTlE_F6_0Ft91MHxYdfo-Zq 
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 24 countries, Neuberger Berman's diverse team has over 2,300 
professionals. For seven 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). In 2020, 
the PRI named Neuberger Berman a Leader, a designation awarded to fewer 
than 1% of investment firms for excellence in Environmental, Social and 
Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ 
in every eligible category for our approach to ESG integration across 
asset classes. The firm manages $405 billion in client assets as of 
December 31, 2020. 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. 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. 
 
 
 
 

(END) Dow Jones Newswires

January 15, 2021 02:00 ET (07:00 GMT)