NB Private Equity Partners Limited Nb Private Equity: Investor Presentation
21 June 2021 - 4:00PM
UK Regulatory
TIDMNBPE
21 June 2021
NB Private Equity Partners Limited ("NBPE" or the "Company")
today announces additional expected portfolio realisations and NAV
uplift attributable to three announced exits in June, which are
expected to close in the coming months(1) . The Company also
publishes an updated investor presentation which includes this new
transaction activity on slide 15, "2021 Announced Liquidity &
IPO." The updated presentation is attached and also available on
NBPE's website at www.nbprivateequitypartners.com.
Additional Announced Exits and Valuation Update
The three additional announced transactions detailed in the
presentation are estimated to generate total returns resulting
in:
-- 68% NAV uplift relative to their 31 May 2021 valuations
-- $12 million of NAV increase ($0.26 per share) from the 31 May 2021
monthly
-- an additional $33 million of cash realisations to NBPE
Upon the closing of all announced transactions as well as other
portfolio realisations received through 15 June 2021, total
expected 2021 year to date liquidity is estimated to be $255
million (2020 full year: $199 million).
NBPE expects to incorporate this additional uplift not already
reflected in Q1 2021 valuations over the coming months as
additional financial information is received from underlying
private equity managers.
For further information, please contact:
NBPE Investor Relations +1 214 647 9593
Kaso Legg Communications +44 (0)20 3603 2803
Charles Gorman nbpe@kl-communications.com https://www.globenewswire.com/Tracker?data=n5lhJwMkATbGTJuBOu26rlBNH0-s5GyFhj1QmQUUQyJhJ4wvDmJhSNE8rw8mdRyKcMZmMahSIgAzzN9R5NnT0mlyMHqfdFskVNN3TZPHNbobCV0gOY84EdTmsinK9ItK
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. NBPE has 2022 and
2024 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.
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 25 countries, Neuberger Berman's diverse team has
over 2,300 professionals. For seven 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). In 2020, the PRI named Neuberger Berman a
Leader, a designation awarded to fewer than 1% of investment firms
for excellence in Environmental, Social and Governance (ESG)
practices. The PRI also awarded Neuberger Berman an A+ in every
eligible category for our approach to ESG integration across asset
classes. The firm manages $429 billion in client assets as of March
31, 2021. For more information, please visit our website at
www.nb.com.
(1) These three transactions, along with certain previously
announced transactions which have not yet closed, are subject to
customary closing conditions and no assurances can be made that the
transactions ultimately close.
(END) Dow Jones Newswires
June 21, 2021 02:00 ET (06:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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