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NB Private Equity Partners Lim (NBPE)

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Thursday 09 December, 2010

NB Private Equity Partners Lim

NB Private Equity Partners Announces Monthly Ne...






THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION
IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO
ANY NATIONAL OF SUCH JURISDICTIONS

                      NB Private Equity Partners Announces
                Monthly Net Asset Value Update for November 2010


9 December 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 November 2010, the unaudited NAV per share was $9.85, which represents
an increase of 1.2% compared to the unaudited NAV per share of $9.74 at 31
October 2010.

The value of NBPE's private equity portfolio as presented in the November 2010
monthly report was based on the following information:

  * 48% of the private equity fair value was valued as of 30 November 2010

-  22% in credit-related fund investments

-  18% in certain large-cap buyout fund investments at the amount of expected
sale proceeds

-  5% in public securities

-  3% in Dresser, Inc. based on the amount of expected sale proceeds

  * 51% of the private equity fair value was valued as of 30 September 2010

-  35% in fund investments

-  16% in private co-investments

  * 1% of the private equity fair value was valued as of 30 June 2010

During November, NBPE's portfolio value increased due to $6.5 million of
unrealized gains attributable to Q3 2010 valuation information for certain fund
investments and private co-investments as well as $2.0 million of unrealized
gains on public equity securities. These gains in value were offset by $1.3
million of negative foreign exchange adjustments and $0.7 million of unrealized
losses on credit-related fund investments.

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 November 2010 monthly report,
which is published on NBPE's website at
www.nbprivateequitypartners.com/default.aspx. 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

 Nick Henderson

 Edward Berry



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. Established
in 1939, Neuberger Berman is one of the world's largest private, independent
employee-controlled asset management companies, managing approximately $180
billion in assets as of 30 September 2010.

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.





NB Private Equity Partners Announces Monthly Net Asset Value Update for November 2010 : 


http://hugin.info/137843/R/1470725/407584.pdf




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(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. 
    
Source: NB Private Equity Partners Limited via Thomson Reuters ONE

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