Nb Private Equity Partners Share Discussion Threads

[vacendak] 17/6/2025 13:48:36

Yes, like the author of the article I remain patient.
This is definitely long term and the divi is reassuring. I top up every now and again too.

[speedsgh] 17/6/2025 13:17:19

James Carthew: With patience NB Private Equity can have more brilliant years -

[its the oxman] 16/6/2025 16:14:34

No obvious catalyst short term perhaps but hopefully a good opportunity to add while it's out of favor c. 1410p

[essentialinvestor] 13/6/2025 11:56:47

What on earth has happened here..

Have not looked at NBPE for sometime.

[its the oxman] 13/6/2025 11:03:40

Added a few c.1420p ahead of x div date.

[ali47fish] 29/5/2025 15:31:56

this nav update is not evaluative - it's factual and makes it of no use to me and others too perhaps

[speedsgh] 28/5/2025 16:15:39

NB Private Equity Partners (NBPE), the $1.2bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 30 April 2025 monthly NAV estimate.

NAV Highlights (30 April 2025)

# NAV per share was $27.29 (£20.43), a total return of 0.4% in the month
# Approximately 62% of fair value based on private company valuation information as of Q1 2025 or based on 30 April 2025 quoted prices
# Based on information received so far, private company valuations increased fair value by 0.4% during Q1 2025 on a constant currency basis
# NBPE expects to receive additional updated Q1 2025 financial information which will be incorporated in future monthly NAV updates
# $307 million of available liquidity at 30 April 2025
# ~151k shares repurchased during April 2025 at a weighted average discount of 33% which were accretive to NAV by ~$0.02 per share. Year to date, NBPE has repurchased ~680k shares at a weighted average discount of 29% which were accretive to NAV by ~$0.10 per share

[ali47fish] 29/4/2025 18:34:27

one of dir buying - havent seen this for a long time

[speedsgh] 28/4/2025 10:57:30

NBPE Announces Audited 2024 Results and 31 March 2025 Est. NAV -

Audited Annual Results Highlights (31 December 2024)

~ NAV per share of $27.53 (£21.98)
~ 1.5% NAV TR in the 12 months to 31 December 2024, driven by an increase in private valuations, offset by quoted holdings and FX
~ Private portfolio value increased 6.9% in 2024 on a constant currency basis
~ Strong portfolio company operating performance: LTM revenue and EBITDA growth of 8.0% and 13.1%, respectively, during 20241
~ $179 million of proceeds from realisations received during 2024
~ Well positioned to take advantage of investment opportunities - $283 million of cash and undrawn credit line available
~ $0.94 per share of dividends paid during 2024

Peter Von Lehe, Managing Director and Head of Investment Solutions & Strategy at Neuberger Berman commented:

“NBPE ended 2024 with net assets of $1.3 billion, reflecting a NAV per share of $27.53 and a total NAV return of 1.5% for the year. This performance was driven by the strong operating performance of our private investment portfolio, which grew in value by 6.9% on a constant currency basis. However, these gains were partially offset by the impact of foreign exchange fluctuations and public holdings. Despite a more challenging environment for private equity exits, NBPE delivered solid realisations in 2024, generating $179 million in proceeds – equivalent to 14% of the portfolio's opening fair value.

NBPE ended the year in a strong financial position with $283 million of available liquidity and an investment level of 102%, which is at the lower end of the long-term target investment level range of 100-110%.”

Paul Daggett, Managing Director of Neuberger Berman, continued:

“Overall, the underlying portfolio of private companies continued to perform well, reporting a weighted average LTM revenue and EBITDA growth1 of 8.0% and 13.1%, respectively. It is encouraging to see that the four new investments made in 2024 are off to a good start, being valued at a 1.1x gross multiple of capital and generating a 22% IRR on a combined basis as of 31 December 2024.

Despite recent market volatility and uncertainty, we remain confident that NBPE is well-positioned to perform across a range of economic scenarios. The portfolio remains well-diversified across our two key themes, and we believe it is well-positioned to continue to deliver growth over the long term.”

The Company’s 2024 Annual Report and a video from Neuberger Berman to accompany the results are available to view at:


Portfolio Update to 31 March 2025

~ NAV TR increase of 0.4% YTD 2025
~ 31 March 2025 NAV per share of $27.17 (£21.05)
~ YTD NAV driven by positive FX adjustments, offset by declines in quoted holdings
~ 31 March 2025 monthly NAV estimate does not include any Q1 2025 private company valuations

Realisations from the portfolio in 2025:
~ $47 million of proceeds received in the first three months of 2025
~ Realisations to date driven by full exits of USI and Kyobo Life Insurance, partial realisations of Tendam, Qpark, Clearent, and Osaic, as well as full and partial realisations of certain quoted holdings and income investments
~ A further ~$20 million of proceeds is expected in the coming months from pending transactions

Robust liquidity – well positioned to take advantage of opportunities
$283 million of available liquidity ($73 million cash/liquid investments and $210 million of credit line)

2025 Share Buybacks
Through 25 April 2025, NBPE has repurchased approximately 624k shares for $12.3 million at a weighted average discount of 29%, resulting in a NAV accretion of approximately $0.10 per share

Portfolio Valuation
The fair value of NBPE’s portfolio as of 31 March 2025 was based on the following information:
~ 6% of the portfolio was valued as of 31 March 2025
~ 6% in public securities
~ 94% of the portfolio was valued as of 31 December 2024
~ 93% in private direct investments
~ 1% in private fund investments

[nexusltd] 17/4/2025 11:59:24

@speeddgh re: #545. Thanks. The monthly NAV update is due soon, this week perhaps. I guess this will reflect the opinion in the above release.

[speedsgh] 17/4/2025 09:50:27

NBPE Announces Analysis of Tariff Impact -

NB Private Equity Partners (NBPE), the $1.2bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces an analysis of the potential impact of US trade tariffs on its portfolio.

Following the Trump Administration’s announcement on 2 April 20252, Neuberger Berman has - alongside the underlying private equity sponsors across its platform - worked to assess potential impacts of tariffs on its investment holdings. Specific to NBPE, we believe the direct impact of tariffs is generally expected to be limited. We believe that 14% of the portfolio’s fair value could be directly impacted by tariffs, with approximately 1% of fair value likely to be meaningfully impacted. This analysis only considers the direct impact from tariffs and not second-order impacts resulting from any potential economic slowdown. We continue to believe the portfolio’s emphasis on companies with lower expected cyclicality and/or long-term secular growth drivers, alongside reasonable leverage, generally positions it well.

An updated investor presentation on tariffs is available on the investor relations section of NBPE’s website at www.nbprivateequitypartners.com

[campervan1] 07/4/2025 14:02:39

Wow, down 13% in 2 days! Apart from the general market malaise, is there some bad news that I can't see?

[speedsgh] 18/3/2025 07:30:36

NAV per share still becalmed here. Tedious...

28/2/25 - $27.16 (£21.57)
31/1/25 - $27.10 (£21.81)
31/12/24 - $26.91 (£21.49)
30/11/24 - $27.51 (£21.64)
31/10/24 - $27.31 (£21.24)
30/9/24 - $27.37 (£20.40)
31/8/24 - $27.44 (£20.88)
31/7/24 - $27.41 (£21.34)
30/6/24 - $27.39 (£21.67)
31/5/24 - $27.50 (£21.60)
30/4/24 - $27.33 (£21.83)
31/3/24 - $27.30 (£21.61)

[triskelion] 26/2/2025 18:31:55

@ali47fish
I don't want to fill up the page with a copy 'n' paste on UK tax-unlikelies from the taxation section of the AIC Prospectus (which just happens to be convenient as a Guernsey issuer and up to date) but

"Transfer of assets abroad
The attention of UK Individual Shareholders is drawn to the provisions of Chapter 2 of Part 13 of the Income Tax Act 2007.
...
The attention of Shareholders is drawn to the provisions of Chapter 1 of Part 13 of the Income Tax Act 2007 (in the case of UK Individual Shareholders) and Part 15 of the Corporation Tax Act 2010 (in the case of UK Corporate Shareholders), which give powers to HMRC to cancel tax advantages derived from certain transactions in securities."


Domicile - interesting.


Filtering for private equity tab only:

8 UK
6 GUE
1 BER
1 VIB

Apart from HVPE (GUE) in #2 position, UK-domiciled lead on market cap and total assets for first 6 of 16 places.

[ali47fish] 26/2/2025 18:22:02

trisk can you please explain in plain english

[speedsgh] 26/2/2025 15:46:43

APAX (Guernsey)
HVPE (Guernsey)
NBPE (Guernsey)
OCI (Bermuda)

[triskelion] 26/2/2025 13:37:14

Nearly 2% expense ratio and Guernsey domicile anything to do with it? The big PE companies that have crossed my path seem to be English / Scottish incorporated investment trusts.

[spangle93] 19/2/2025 07:34:59

Buyback program substantially increased, with commitment for up to $120MM over 3 years

[its the oxman] 29/1/2025 13:56:06

Yes where is our Trump bump?

[lozzer69] 23/1/2025 11:06:38

Thank you for reminding me. It's the divi which is keeping me holding on here. I still can't understand why a pe trust with so much invested in USA is not going up. Very frustrating.

[panshanger1] 23/1/2025 09:23:18

Ex dividend

[lozzer69] 23/1/2025 09:20:51

I am losing faith in NBPE ever getting the share price moving up. Back down 3 pc this morning.

[speedsgh] 14/1/2025 16:46:41

NBPE Announces 1H 2025 Dividend -

Distribution amount: $0.47 per Share
Ex-dividend date: 23 January 2025
Dividend record date: 24 January 2025
Final day for Currency Election: 7 February 2025
Final day for Dividend Re-investment Plan Election: 7 February 2025
Payment date: 28 February 2025

[its the oxman] 06/12/2024 13:48:07

About time this moved over 1600p. Been forgotten by the market.