Monthly NAV Update for February 2018

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 February 2018

13 April 2018

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 28 February 2018.

Key Highlights

 

(Returns based on USD) Month 28 Feb-18
YTD 28 Feb-18
LTM Total return NAV development
per Share[1]

  (0.9%) (0.3%) 12.8% NAV development per Share (0.9%) (1.8%) 9.5%

Portfolio Valuation

The value of NBPE‘s private equity portfolio as of 28 February 2018 was based on the following information[2]:

Portfolio Commentary

During February, NBPE completed two new direct equity investments in an undisclosed healthcare services company and in Avantor, a global provider of materials for life sciences and technology industries. NBPE also completed an additional direct equity investment in Excelitas, an industrial technology company.

In terms of distributions, NBPE received $1.4 million from direct equity investments, consisting of proceeds received as a result of the partial secondary sale of shares of Black Knight Financial Services (NYSE: BKI) and partial proceeds received in connection with the IPO of ARUHI (TYO: 7198) in December 2017. NBPE also received $2.5 million from income investments, consisting of principal and interest proceeds. Fund investments distributed $1.3 million to NBPE during the month.

For further information, please :

NBPE Investor Relations          +
           
Neustria Partners                     +44 20 3021 2580
Nick Henderson                         Nick.Henderson
Robert Bailhache                       Robert.Bailhache
Charles Gorman                        Charles.Gorman

ABOUT NB PRIVATE EQUITY PARTNERS LIMITED
NBPE is a closed-end private equity investment company with class A ordinary shares admitted to trading on the Premium Segment of the Main Market of the London Stock Exchange and Euronext Amsterdam. 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 a range of strategies-including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds-on behalf of institutions, advisors and individual investors globally. With offices in 20 countries, Neuberger Berman‘s team is approximately 1,900 professionals. For five consecutive years, the company has been named to Pensions & Investments 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 $295 billion in client assets as of December 31, 2017. For more information, please visit our website at www.nb.

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] Assumes reinvestment of dividends on the ex-dividend date and reflects cumulative returns over time period shown.

[2] 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 December 2017, the Manager‘s analysis and historical experience lead the Manager to believe that this approximates fair value at 28 February 2018.

Attachment

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.