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NB Private Equity Partners Lim (NBPE)

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Thursday 09 April, 2009

NB Private Equity Partners Lim

NB Private Equity Partners Announces Monthly Ne...





9 April 2009

NB Private Equity Partners Limited ("NBPE" or "the Company"), a
closed-end private equity fund of funds investment company, today
announced an updated Net Asset Value ("NAV").

As of 31 March 2009, NBPE's unaudited NAV per share was $8.17,
representing an increase of 0.4% compared to the unaudited NAV per
share of $8.13 at 28 February 2009.

The value of NBPE's private equity portfolio as presented in the
March 2009 monthly report was based on the following information:

  * 21% of NAV was held in credit related fund investments and
    publicly traded securities that have been re-valued as of 31
    March 2009
  * 59% of NAV was held in private equity funds valued using audited
    and unaudited information through 31 December 2008
  * 20% of NAV was held in private co-investments using valuation
    information through 31 December 2008


During March, NBPE's portfolio value increased principally as a
result of appreciation in the unrealized value of publicly traded
equity securities and unrealized gains due to positive foreign
exchange adjustments. In addition, the net effect of share
repurchases through the Company's Liquidity Enhancement Agreement
contributed approximately
$0.02 to NBPE's NAV per share during March. A total of 155,557 shares
were repurchased during the month at an average price per share of
approximately $1.82.

NBPE expects to issue its annual report and audited financial
statements for the year ended 31 December 2008 during late April and
also expects to issue its interim report and financial statements for
the quarter ended 31 March 2009 in May. The Company is required to
consider, and will consider, all known material information in
preparing such financial statements, including information that may
become known subsequent to the issuance of this monthly NAV update.
Accordingly, amounts included in the financial statements may differ
from the amounts published in the monthly report.

NBPE also expects to provide regular NAV updates for the months
ending 30 April 2009 and 31 May 2009 within seven business days of
each month's end.

A breakdown of NBPE's NAV can be obtained in the March 2009 monthly
report, which is published on the Company's Web site at
www.nbprivateequitypartners.com. The monthly report should be read in
conjunction with this announcement.

For further information, please contact:


NBPE Investor Relations       +1 214 647 9593

Financial Dynamics            +44 20 7269 7114
Rob Bailhache
Nick Henderson



About NB Private Equity Partners Limited
NBPE is a closed-end private equity fund of funds investment company
listed on Euronext Amsterdam. NBPE holds a diversified portfolio of
private equity fund investments and direct co-investments selected by
the NB Alternatives group of Neuberger Berman, diversified across
private equity asset class, geography, industry, vintage year and
sponsor.

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 State of Guernsey Policy
Counsel. 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. 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. 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 forwardlooking
statements.


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.