Nb Private Equity Partners Share Discussion Threads

[killing_time] 05/11/2021 09:50

£18 now hit.

The discount on the NAV has been closing rapidly from -25 in October to -18 this morning.

We are still lagging CLDN,HVPE,ICGT and PIN which are a few % less cheap.

Private Equity on a good roll, wondering how much these discounts will close to the share price

[essentialinvestor] 27/10/2021 09:31

We have sailed past £17.

[skyship] 22/10/2021 09:10

Two trusts announced their September stats this morning:

# NBPE: + 4.8% (+35.9% YTD)

# PIN: + 2.0% (+28.0% YTD)

Pretty dramatic performances, yet they languish on respectively 24.9% & 25.1% discounts!

Clearly both are undervalued and should see good rises in short order.

[killing_time] 22/10/2021 07:10

NAV up 4.8% month on month.

[skyship] 20/10/2021 16:08

Indeed - very nice!
===================

NBPE Portfolio Company Autostore Announces Completion of its IPO

20 October 2021

NB Private Equity (NBPE), the $1.3bn listed private equity investment company managed by Neuberger Berman, notes that it's second largest underlying portfolio company position(1) , Autostore, an investment made alongside THL Partners, has announced the successful completion of its initial public offering (IPO) on the Oslo Børs at NOK 31 per share, implying a market capitalisation of approximately NOK 103.5 billion.

Based on the announced IPO price and current foreign exchange rate(2) , NBPE's holding in Autostore would be valued at $130.6 million, a $54.6 million uplift ($1.08 net NAV per share uplift) to the 31 August 2021 vaulation of $76.0 million. The Autostore valuation will be updated in the 30 September 2021 Fact Sheet which will be released in the coming days. A minority proportion of NBPE's holding was sold in the IPO.

[killing_time] 20/10/2021 15:09

RNS out, bit more added to the NAV.

I make that one deal as adding 3.78% to the NAV.

[skyship] 20/10/2021 11:00

Absolutely - happily got a full allocation here.

IMO ICGT will be the next one to pop - posted on the ICGT & PE threads about that one yesterday.

[essentialinvestor] 18/10/2021 11:00

Should get a NAV update this week.

[essentialinvestor] 15/10/2021 13:09

Above £16 now and hopefully heading past the recent £16.30 plus high.

[essentialinvestor] 08/10/2021 12:57

Director buying.

[essentialinvestor] 07/10/2021 18:03

As NBPE have highlighted the potential for more near term exits and particularly given the premium to carrying value that recent exits have sold on, the current SP
still looks very cheap. On the proviso markets remain supportive, something
closer to £17 may be very doable.

[skyship] 07/10/2021 14:01

Also buying PIN. At 2845 they are now on a discount of 26.7% - crazily high figure, especially as (same with NBPE) the next monthly discount will reflect further FX gains.

[skyship] 07/10/2021 11:52

Indeed. Happy to have bought more yesterday @ 1533...

[essentialinvestor] 07/10/2021 08:26

Bounced off the early September low area, so with a fair wind £16 +
should be attainable again.

[essentialinvestor] 07/10/2021 07:27

Cheap as chips near these levels IMHO.

[skyship] 05/10/2021 16:02

Bought back part of a top-slice @ 1535p.

Discount 25.5%; Yield 3.84%.

[essentialinvestor] 04/10/2021 16:28

One aspect to be mindful of with NBPE is a chunky exposure to tech,
so if high growth tech sells off on growing inflationary concerns, there may possibly
be a short term hit here.

As mentioned previously Constellation Automotive Group might want to IPO sooner
rather than later with current markets so supportive.

[essentialinvestor] 04/10/2021 10:10

September's Capital Markets Day presentation.

[essentialinvestor] 26/9/2021 14:02

Constellation automotive group might want to consider an IPO sooner rather than
later, while market conditions remain so supportive.

[skyship] 20/9/2021 07:48

NBPE punch the lights out AGAIN. NAV in August up 5.8%. That is now 29.7%YTD.

At the much improved 1635p the discount is up this morning to 20.7%; and the yield still 3.6%.

[essentialinvestor] 17/9/2021 12:08

Very nice week, sold a small amount.