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
* 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 atwww.nbprivateequitypartners.com
http://www.nbprivateequitypartners.com/>. 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
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: