9 September 2008
Lehman Brothers Private Equity Partners Limited ("LBPE" or "the
Company"), a closed-end private equity fund of funds investment
company, today announced an updated valuation of its Net Asset Value
As of 31 August 2008, the unaudited NAV per share was $10.81. This
represents a decrease of 0.3% compared to the unaudited 31 July 2008
NAV per share of $10.84 and an increase of 4.2% compared to the
audited 31 December 2007 NAV per share of $10.37.
During August, LBPE's portfolio benefited from unrealized
appreciation in the value of a direct co-investment in the energy
services sector and net increases in the value of certain fund
investments, driven primarily by U.S. buyout and growth equity funds.
The portfolio also experienced positive mark-to-market adjustments on
publicly traded equity securities. However, these increases in value
were offset by negative foreign exchange adjustments resulting from
significant appreciation of the U.S. dollar during August and, less
meaningfully, by net decreases in the value of credit-related fund
LBPE also expects to provide regular NAV updates for the months
ending 30 September 2008 and 31 October 2008 within seven business
days of each month's end.
A breakdown of LBPE's NAV can be obtained in the monthly report for
the period ending 31 August 2008, which is published on the Company's
Web site at www.lbpe.com. The monthly report should be read in
conjunction with this announcement.
In addition, please be advised that required tax information for U.S.
shareholders of LBPE was recently published on the Company's Web
site. The new information can be found by visiting the Tax
Information page on the Investor Relations section of www.lbpe.com.
For further information, please contact:
Lehman Brothers +44 20 7102 3424
Financial Dynamics +44 20 7269 7114
About Lehman Brothers Private Equity Partners
LBPE is a closed-end private equity fund of funds investment company
listed on Euronext Amsterdam on 25 July 2007, raising a total of
$542.1 million. The proceeds of the IPO are in the process of being
committed to a diversified portfolio of private equity fund
investments and certain direct co-investments, diversified across
private equity asset class, geography, industry, vintage year and
sponsor, selected by Lehman Brothers' Private Equity business.
About Lehman Brothers Private Equity
Lehman Brothers' global Private Equity business, founded in 1984,
currently oversees approximately $35 billion across 38 different fund
strategies and seven asset classes: Merchant Banking, Venture
Capital, Real Estate, Credit, Infrastructure, the Strategic Partners
Group, and Fund Related Investments which includes fund of private
equity funds, fund of hedge funds, and the Manager Research and
About Lehman Brothers
Lehman Brothers, an innovator in global finance, serves the financial
needs of corporations, governments and municipalities, institutional
clients, and high net worth individuals worldwide. Founded in 1850,
Lehman Brothers maintains leadership positions in equity and fixed
income sales, trading and research, investment banking, private
investment management, asset management and private equity. The Firm
is headquartered in New York, with regional headquarters in London
and Tokyo, and operates in a network of offices around the world. For
further information about Lehman Brothers' services, products and
recruitment opportunities, visit www.lehman.com.
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. LBPE 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 financieel toezicht).
All investments are subject to risk. Past performance is no guarantee
of future returns. Prospective investors are advised to seek expert
legal, financial, tax and other professional advice before making any
investment decision. The value of investments may fluctuate. Results
achieved in the past are no guarantee of future results.