NB Private Equity Partners Limited : Monthly Net Asset Value(s)
19 January 2017 - 6:00PM
19 January 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 December 2016.
Key
Highlights
|
Month |
31 Dec 16 Year Ended |
|
|
|
Total
return NAV development per Share[1] |
0.7% |
11.4% |
NAV
development per Share |
0.7% |
7.5% |
Portfolio
Valuation
The value of NBPE's private equity
portfolio as of 31 December 2016 was based on the following
information[2]:
Portfolio
Commentary
During December, NBPE completed
one new investment in Velocidi, a marketing intelligence company,
and one follow-on investment in a financial services company.
Distribution activity was strong
during the month, with NBPE receiving total distributions of $41.5
million. This was driven by $30.6 million in distributions from
income investments, of which $27.4 million was received as a result
of five exits. The remaining distributions consisted of interest
and principal payments. NBPE received $6.7 million from direct
equity investments during the month, consisting primarily of
proceeds received from the sale of Revspring. NBPE also received
final exit proceeds from secondary sales of public shares of
Commscope and partial exit proceeds from the sale of public shares
of Fairmount Minerals and Univar. Fund investments distributed $4.2
million to NBPE during December. Two notable portfolio events that
are not included in December's distribution activity are the equity
proceeds from the previously announced sale of Deltek, and the
announced sale of Capsugel to Lonza, which is expected to close in
the coming months. As a result, NBPE increased its carrying value
of the investment during the month.
For further
information, please contact:
NBPE Investor
Relations +1
214 647 9593
Neustria
Partners
+44 20 3021 2580
Nick Henderson
Nick.Henderson@neustriapartners.com
Robert Bailhache
Robert.Bailhache@neustriapartners.com
Charles Gorman
Charles.Gorman@neustriapartners.com
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
Specialist Fund Segment of the London Stock Exchange. NBPE has
2017 ZDP shares admitted to trading on the Specialist Fund
Segment of the London Stock Exchange and the Daily Official List of
The Channel Islands Securities Exchange Authority Limited and 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 more than 1,900
professionals and the company has been named by Pensions &
Investments as a Best Place to Work in Money Management for four
consecutive years. Tenured, stable and long-term in focus, the firm
fosters an investment culture of fundamental research and
independent thinking. It manages $255 billion in client assets as
of December 31, 2016. For more information, please visit our
website at www.nb.com.
[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 30 September 2016, the Manager's
analysis and historical experience lead the Manager to believe that
this approximates fair value at 31 December 2016.
NBPE December Monthly NAV
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
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