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NB Private Equity Partners Lim (NBPE)

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Wednesday 07 October, 2009

NB Private Equity Partners Lim

NB Private Equity Partners Indicative Terms of ...





7 October 2009

NB Private Equity  Partners Limited (the  "Company") announced on  28
August 2009 that it was considering proposals to issue a new class of
Zero Dividend Preference Shares ("ZDP  Shares") later this year.  The
Board, having further  considered the  proposed ZDP  Share issue,  is
today announcing  key  indicative terms  of  the proposed  ZDP  Share
issue.

Reasons for the ZDP Share Issue

The Board continues to believe  that NBPE's current capital  position
is strong and that the Company's existing private equity portfolio is
well-positioned to generate  attractive returns over  the long  term.
However, additional capital from  a ZDP Share  issue would provide  a
number of additional benefits to the Company.

The Board believes that a number of potentially attractive investment
opportunities, including  secondary and  distressed investments,  are
accessible in the current  market environment and that  opportunities
for attractive investments  will continue  to be  available over  the
next one  to two  years.  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 these market  opportunities
through targeting selected investments over a period of time.

Key Indicative Terms*

The Company  is  proposing  the following  key  indicative  terms  in
relation to the ZDP Shares:

  * Gross Redemption Yield of 7.3 per cent
  * ZDP Share Life of 7.5 years (to 31 May 2017)
  * Initial Asset Cover of approximately 4 times


*Proposed terms of the ZDP Shares are indicative only and subject  to
change.  Initial Asset Cover reflects the ratio of net assets to  the
assets required to pay the final entitlement.

Subject to market conditions it is  expected that the final terms  of
the ZDP Shares and the target size of the issue will be announced  in
due course.


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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