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NB Private Equity Partners Lim (NBPE)

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Thursday 11 March, 2010

NB Private Equity Partners Lim

NB Private Equity Partners Announces Financial ...

11 March               2010

NB  Private Equity Partners Limited ("NBPE") today released its Annual Financial
Report  and audited financial statements for  the fiscal year ending 31 December

As  of 31 December 2009, the audited net asset  value per share was $9.46, which
represents  an annual increase of 15.4% compared  to the audited net asset value
per  share  of  $8.20  at  31 December  2008. NBPE  previously reported that the
unaudited   net  asset  value  per  share  was  also  $9.46  as  of  28 February

Highlights of fiscal year 2009 developments:

  * Net asset value per share increased by 15.4%
  * Class A ordinary share price on Euronext Amsterdam increased by 105%
  * Special situations / distressed portfolio increased in fair value by
    approximately 41%
  * Class A ordinary shares were admitted to trading on the Specialist Fund
    Market of the London Stock Exchange on 30 June 2009
  * NBPE successfully raised £30 million (approximately $50 million) in late
    November 2009 through the issuance of zero dividend preference ("ZDP")

For  the purposes of the Annual Financial Report, over 99% of the private equity
fair  value was  valued using  information through 31 December 2009.

In  addition, NBPE  expects to  publish an  updated investor presentation on its
website                   on                  12 March                  2010.

The  Annual  Financial  Report  for  the  fiscal year ending 31 December 2009 is
available      on      NBPE's      website
<>. The Annual Financial 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 with Class
A  ordinary shares admitted to trading  on Euronext Amsterdam and the Specialist
Fund  Market  of  the  London  Stock  Exchange.  NBPE has ZDP shares admitted to
trading on the Specialist Fund Market of the London Stock Exchange and the Daily
Official  List of the  Channel Islands 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.        <>

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.


    NBPE 2009 Annual Financial Report:
    NBPE Announces Financial Results for the Fiscal Year Ending 31 December 2009: