NB Private Equity Partners Limited Nb Private Equity Partners Limited Announces Monthly Net Asset Value Update For August 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 August 2017 
 
   28 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 August 2017. 
 
   Key Highlights 
 
 
   -- Monthly and annual NAV development: 
 
 
 
 
 
                                      31 Aug-17  31 Aug-17 
                               Month     YTD        LTM 
Total return NAV development 
 per Share([1] #_ftn1)          0.5%       5.8%      16.0% 
NAV development per Share       0.5%       2.6%      12.4% 
 
 
 
   -- 31 August 2017 NAV per Share of $16.32 (GBP12.62) increased $0.08 
      (GBP0.33) from $16.24 (GBP12.29) NAV per Share at 31 July 2017 
 
   -- NBPE's NAV increase of $3.9 million during the month included: 
 
          -- $2.2 million increase of unrealised gains attributable to the 
             receipt of new valuation information, or $0.05 per share 
 
          -- $3.0 million increase of other unrealised gains, or $0.06 per 
             share, attributable to public securities, mark-to-market gains and 
             realised adjustments 
 
          -- ($0.3) million was attributable to negative foreign exchange 
             adjustments at the portfolio company level, or ($0.01) per share 
 
          -- $1.2 million of accrued cash and payment in kind ("PIK") interest 
             from the income investment portfolio, or $0.02 per share 
 
          -- ($2.2) 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 August 2017 was 
based on the following information([2] #_ftn2) : 
 
 
   -- 30% of the private equity fair value was valued as of 31 August 2017 
 
          -- 17% in private direct investments 
 
          -- 10% in public securities 
 
          -- 3% in credit-related fund investments 
 
   -- 1% of the private equity fair value was valued as of 31 July 2017 
 
          -- 1% in private direct investments 
 
   -- 69% of the private equity fair value was valued as of 30 June 2017 
 
          -- 59% in private direct investments 
 
          -- 10% in fund investments 
 
 
   Portfolio Commentary 
 
   During August, NBPE funded new investments in the debt and equity of OB 
Hospitalist, a healthcare service provider. NBPE also funded its 
previously announced investment in ByLight, a provider of IT cyber 
solutions. 
 
   In terms of distributions, NBPE received $26.8 million from equity 
co-investments, of which $24.6 million was received as a result of the 
sale of Ortholite and Patheon; additional Patheon proceeds were received 
subsequent to this reporting period. In addition, NBPE received $2.3 
million of distributions from partial equity co-investment realisations, 
including $1.7 million from Black Knight Financial Services (NYSE: BKFS) 
and The Warranty Group. Income investments distributed $1.9 million of 
principal and interest to NBPE during August. 
 
   On 31 August 2017, NBPE paid the second 2017 semi-annual dividend of 
$0.25 (GBP0.19) per Share, for a total 2017 dividend payment of $0.50 
(GBP0.39) 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. 
 
   ([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 31 July 2017 and 30 June 2017, the 
Manager's analysis and historical experience lead the Manager to believe 
that this approximates fair value at 31 August 2017. 
 
   NBPE August Monthly Update: 
http://hugin.info/137843/R/2137475/818081.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 28, 2017 02:00 ET (06:00 GMT)

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