NB Private Equity Partners Limited Edison issues initiation on NB Private Equity
15 October 2020 - 12:17AM
RNS Non-Regulatory
TIDMNBPE
NB Private Equity Partners Limited
14 October 2020
London, UK, 14 October 2020
Edison issues initiation on NB Private Equity Partners
(NBPE)
In recent years, NB Private Equity Partners (NBPE) has largely
become a play on direct co-investments (currently 87% of the
portfolio, largely in North America). This positioning provides
access to investments alongside top general partners (GPs) with a
single-layer fee structure while at the same time allowing NBPE to
be selective in terms of investments, with its direct co-investment
portfolio achieving three- and five-year gross IRRs to end-August
2020 of 12.0% and 13.6% pa in US dollar terms, respectively. It
also allows NBPE to keep a lower level of unfunded commitments,
which are currently fully covered by available liquidity (184%
adjusted coverage).
NBPE's shares trade at a relatively wide discount of 25%
(compared to the peer average of c 21%), which translates into an
attractive dividend yield of 4.5%. NBPE was able to maintain its
dividend policy in the current challenging environment.
Click here to view the full report.
All reports published by Edison are available to download free
of charge from its website
www.edisongroup.com
About Edison: Edison is an investment research and advisory
company, with offices in North America, Europe, the Middle East and
AsiaPac. The heart of Edison is our world-renowned equity research
platform and deep multi-sector expertise. At Edison Investment
Research, our research is widely read by international investors,
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investor relations and strategic consulting.
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Authority .
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sell any securities.
For more information please contact Edison:
Milosz Papst, +44 (0) 20 3077 5700
Michal Mordel, +44 (0) 20 3077 5700
investmenttrusts@edisongroup.com
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