NB Private Equity Partners Limited Monthly Nav Update July 2017

 
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 Monthly NAV Update for July 2017 
 
   11 September 2017 
 
   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 2017. 
 
   Key Highlights 
 
 
   -- Monthly and annual NAV development: 
 
 
 
 
 
                                      31 Jul-17  31 Jul-17 
                               Month     YTD        LTM 
Total return NAV development 
 per Share([1] #_ftn1)          0.1%       5.3%      16.1% 
NAV development per Share      -1.4%       2.1%      12.5% 
 
 
 
   -- After the associated dividend liability, the 31 July 2017 NAV per Share 
      of $16.24 (GBP12.29) decreased $0.24 (-GBP0.36) from $16.48 (GBP12.65) 
      NAV per Share at 30 June 2017 
 
   -- NBPE's NAV decrease of $11.7 million during the month included: 
 
          -- $12.2 million of dividend declared, or ($0.25) per Share 
 
          -- $3.9 million increase of unrealised gains attributable to the 
             receipt of new valuation information, or $0.08 per share 
 
          -- $2.4 million decrease of other unrealised losses, or $0.05 per 
             share, attributable to public securities, mark-to-market gains and 
             realised adjustments 
 
          -- $0.6 million was attributable to positive foreign exchange 
             adjustments at the portfolio company level, or $0.01 per share 
 
          -- $1.1 million of accrued cash and payment in kind ("PIK") interest 
             from the income investment portfolio, or $0.02 per share 
 
          -- $2.8 million decrease in NAV attributable to value changes to 
             other assets and liabilities during the month 
 
 
   Portfolio Valuation 
 
   The value of NBPE's private equity portfolio as of 31 July 2017 was 
based on the following information([2] #_ftn2) : 
 
 
   -- 30% of the private equity fair value was valued as of 31 July 2017 
 
          -- 17% in private direct investments 
 
          -- 10% in public securities 
 
          -- 3% in credit-related fund investments 
 
   -- 70% of the private equity fair value was valued as of 30 June 2017 
 
          -- 60% in private direct investments 
 
          -- 10% in fund investments 
 
 
 
   Portfolio Commentary 
 
   During July, NBPE funded one new equity co-investment in Melissa & Doug, 
a branded specialty toy company. The manager continues to see strong 
deal flow and NBPE has a robust pipeline of investments which we believe 
are attractive opportunities and well suited to NBPE's  investment 
strategy, that are expected to close in the coming months. 
 
   In terms of distributions, NBPE received $18.5 million during July, of 
which $14.1 million was received as a result of the closing of the 
previously announced sale of Capsugel. In addition, $1.9 million was 
received from income investments, consisting of principal and interest 
proceeds. Fund investments distributed $2.5 million during the month. 
 
   On 20 July 2017, NBPE declared its second 2017 semi-annual dividend of 
$0.25 per Share, which brings the total dividend for 2017 to $0.50 per 
Share. 
 
   For further information, please contact: 
 
   NBPE Investor Relations          [phone] 
 
 
 
   Neustria Partners                     [phone] 
 
   Nick Henderson 
[e-mail] 
 
   Robert Bailhache 
[e-mail] 
 
   Charles Gorman 
[e-mail] 
 
   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 
Premium Segment of the Main Market of the London Stock Exchange. NBPE 
has 2022 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. 
 
   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 1,900 professionals, as of June 30, 2017. The 
company was named the #1 firm in Pensions & Investments 2016 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 $271 billion in client assets as of June 30, 2017. 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 2017, the Manager's 
analysis and historical experience lead the Manager to believe that this 
approximates fair value at 31 July 2017. 
 
   July 2017 NAV: http://hugin.info/137843/R/2132824/815302.pdf 
 
   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 
 
 
  http://www.nbprivateequitypartners.com 
 

(END) Dow Jones Newswires

September 11, 2017 02:00 ET (06:00 GMT)

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