Share Name Share Symbol Market Type Share ISIN Share Description
Nb Private Equity Partners Limited LSE:NBPU London Ordinary Share GG00B1ZBD492 ORD USD0.01 (USD)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 13.60 13.40 13.80 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0

NB Private Equity Partners Limited Nb Private Equity: Responsible And Sustainable Investment Policy

28/08/2020 7:01am

UK Regulatory (RNS & others)

   NB Private Equity Partners Announces Responsible and Sustainable 
Investment Policy 
   28 August 2020 
   NB Private Equity Partners Limited ("NBPE" or the "Company"), a 
closed-end private equity investment company, today announced the 
publication of a formal responsible and sustainable investment policy. 
The board of directors is committed to a high standard of corporate 
governance and believes responsible investing is an important 
cornerstone of this as well as being integral to achieving strong long 
term  investment returns. By leveraging the Investment Manager's 
leadership in ESG investing, which is integrated into its private equity 
operations and was awarded an A+ Top Score in the most recent 
UN-supported Principles for Responsible Investment (PRI) assessment, the 
Board believes NBPE is well-positioned and committed to responsible 
   This formalised responsible and sustainable investment policy is 
centered on the objective of delivering better investment outcomes 
through incorporating ESG considerations into investment decisions. The 
Investment Manager has also conducted a sustainability potential 
assessment of NBPE's existing portfolio. This assessment determined that 
99% of the direct investment portfolio does not have significant adverse 
sustainability potential and 26% of the portfolio (based on 31 July 2020 
fair value) is deemed to have an overall positive sustainability 
potential or have an overall positive benefit to people or the 
   The Board believes the responsible and sustainable investment policy is 
a continuation of NBPE's commitment to high standards of corporate 
governance and investment practices and that this will be a long term 
value add to NBPE and its investors. 
   For further information, please contact: 
   NBPE Investor Relations                     +1 214 647 9593 
   Kaso Legg Communications                +44 (0)20 3603 2803 
   Charles Gorman 
   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 2,300 
professionals. For six 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). The firm 
was awarded an A+ in every category in the latest 2019 PRI report for 
our approach to ESG integration across asset classes. The firm manages 
$357 billion in client assets as of June 30, 2020. For more information, 
please visit our website at 
   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 
   -- NBPE Responsible and Sustainable Investment Policy_Aug 2020_vF 
   -- NBPE Responsible and Sustainable Investment Statement_Aug 2020_vF 

(END) Dow Jones Newswires

August 28, 2020 02:01 ET (06:01 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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