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NB Private Equity Partners Lim (NBPE)

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Thursday 19 May, 2011

NB Private Equity Partners Lim

Interim Management Statement






                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
Directive.[1]

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
approximately $0.03.

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

 Nick Henderson

 Edward Berry




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.





--------------------------------------------------------------------------------

[1]   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 : 


http://hugin.info/137843/R/1517102/453597.pdf

NBPE Q111 IMS & Revised NAV : 


http://hugin.info/137843/R/1517102/453595.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. 
    
Source: NB Private Equity Partners Limited via Thomson Reuters ONE

[HUG#1517102]