NBPE Publishes Interim Management Report for the
Period Ending 31 March 2011 and Announces Revised NAV Estimate for April 2011
19 May 2011
NB Private Equity Partners Limited ("NBPE" or "the Company") today released its
Interim Management Report for the period ending 31 March 2011 and announced a
revised net asset value ("NAV") estimate for April 2011. This report is made
pursuant to article 5:25e of the Dutch Financial Supervision Act (Wet op het
financieel toezicht) which requirement stems from the EU Transparency
As of 31 March 2011, NBPE's unaudited NAV per share increased to $10.72, which
represents an increase of 3.2% compared to the audited NAV per share of $10.38
at 31 December 2010.
For the three month period ended 31 March 2011, NBPE's investment portfolio
generated realized gains of $15.7 million. The portfolio also had net unrealized
gains of $5.5 million from privately held investments, credit-related fund
investments, and public equity securities. Investment performance during the
quarter was offset by $5.7 million of net operating expenses (including credit
facility interest and ZDP share accretion), foreign exchange translation, and
taxes. Share repurchases during the quarter were accretive to NAV per share by
Based on the updated valuation information in the Interim Management Report,
NBPE's revised estimate of the unaudited NAV per share at 30 April 2011 is
$10.76, which represents an increase of 1.2% compared to the unaudited NAV per
share of $10.64 that was previously published in the April monthly report.
The Interim Management Report for the period ending 31 March 2011 is available
on the home page of the Company's website at
www.nbprivateequitypartners.com/Default.aspx. The Interim Management 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 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.
About Neuberger Berman
Neuberger Berman Group LLC is one of the world's leading independent, employee-
controlled asset management companies. As of 31 March 2011, assets under
management were approximately $199 billion. Established in 1939, Neuberger
Berman provides a broad range of global investment solutions - equity, fixed
income, and alternatives - to institutions and individuals through customized
separately managed accounts, mutual funds and alternative investment products.
For more information please visit Neuberger Berman's website at www.nb.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.
 Pursuant to article 5:25e and article 5:25m of the Dutch Financial
Supervision Act this Interim Management Statement has been made generally
available by means of a press release and by publication on NBPE's website
(www.nbprivateequitypartners.com) and has been filed with the Netherlands
Authority for the Financial Markets (Autoriteit Financiële Markten).
NBPE Q111 Interim Management Statement :
NBPE Q111 IMS & Revised NAV :
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(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