Information  X 
Enter a valid email address

NB Private Equity Partners Lim (NBPE)

  Print      Mail a friend       Annual reports

Monday 12 July, 2010

NB Private Equity Partners Lim

NB Private Equity Partners Monthly Net Asset Va...







12 July 2010

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 30 June 2010, the  unaudited net asset  value per share  was $9.43, which
represents  a decrease  of 0.9% compared  to the  unaudited net  asset value per
share of $9.52 at 31 May 2010.

The  value of  NBPE's private  equity portfolio  as presented  in the June 2010
monthly report was based on the following information:
  * 23% of the private equity fair value was held in credit-related fund
    investments that were re-valued as of 30 June 2010
  * 9% of the private equity fair value was held in publicly traded securities
    that were re-valued as of 30 June 2010
  * 53% of the private equity fair value was held in private equity funds using
    valuation information through 31 March 2010
  * 15% of the private equity fair value was held in private co-investments
    using valuation information through 31 March 2010

During  June, NBPE's portfolio value increased due to $0.3 million of unrealized
gains  on  credit-related  fund  investments.  These  gains  were offset by $2.7
million  of unrealized  losses on  public equity  securities and $0.1 million of
negative foreign exchange adjustments.

NBPE  expects to issue its half-yearly report and unaudited financial statements
for  the  period  ending  30 June  2010 in  late August. The report will include
unaudited   financial   information   prepared  in  accordance  with  accounting
principles  generally  accepted  in  the  United  States.  NBPE  is  required to
consider,  and will consider,  all known material  information in preparing such
financial  report, including information that may become known subsequent to the
issuance   of   this  monthly  report.  Accordingly,  amounts  included  in  the
half-yearly management report may differ from this monthly report.

NBPE  expects to continue  to provide regular  NAV updates within seven business
days of each month's end.

A breakdown of NBPE's NAV can be obtained in the June 2010 monthly report, which
is  published on  the Company's  website 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 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.

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.



[HUG#1431008]





    NBPE Monthly Report - June 2010: 

http://hugin.info/137843/R/1431008/377554.pdf
    NBPE Monthly NAV Update for June 2010: 

http://hugin.info/137843/R/1431008/377552.pdf



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. 
The owner of this announcement warrants that: 
	(i) the releases contained herein are protected by copyright and other applicable laws; and 
	(ii) they are solely responsible for the content, accuracy and originality of the information contained therein. 
All reproduction for further distribution is prohibited.
		
Source: NB Private Equity Partners Limited via Thomson Reuters ONE