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NB Private Equity Partners Lim (NBPE)

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Friday 28 August, 2009

NB Private Equity Partners Lim

NB Private Equity Partners Considering a Zero D...





28 August 2009

In response  to enquiries  from investors,  the Board  of NB  Private
Equity Partners  Limited ("NBPE"  or  the "Company")  is  considering
proposals for  an  issue of  Zero  Dividend Preference  shares  ("ZDP
Shares") later this year.

The Board believes that a number of potentially attractive investment
opportunities, including  secondary and  distressed investments,  are
accessible in  the current  market environment.   A ZDP  Share  issue
would provide additional  capital for investment  which would  enable
NBPE to take advantage of these market opportunities.

The Board believes that NBPE's current capital position is strong and
the issue of ZDP  Shares would allow the  Company to further  enhance
its capital position as well as provide additional resources to  take
advantage of current market opportunities.

The Board continues  to believe that  the Company's existing  private
equity portfolio is  well-positioned to  generate attractive  returns
over the long term.

The Company will take further market soundings before making a  final
decision as to whether to proceed with a ZDP Share issue.


For further information, please contact:


NBPE Investor Relations +1 214 647 9593

Oriel Securities        +44 20 7710 7600
Joe Winkley
Sapna Shah

Financial Dynamics      +44 20 7269 7114
Robert Bailhache
Nick Henderson



About NB Private Equity Partners Limited
NBPE is a closed-end private equity fund of funds investment  company
admitted to trading  on Euronext  Amsterdam and  the Specialist  Fund
Market of  the  London  Stock  Exchange.  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.

www.nbprivateequitypartners.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.

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 States  of  Guernsey  Policy
Council.  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.  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 forward-looking statements.

Oriel Securities Limited ("Oriel") is acting for NBPE and no-one else
in connection with NBPE and will  not be responsible to anyone  other
than NBPE  for providing  the protections  afforded to  customers  of
Oriel or for providing advice in relation to NBPE.

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