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NB Private Equity Partners Lim (NBPE)

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Thursday 11 November, 2010

NB Private Equity Partners Lim

NB Private Equity Partners Announces Monthly Ne...


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

11 November 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 31 October 2010, the unaudited NAV  per share was $9.74, which represents
an  increase of  1.1% compared to  the unaudited  NAV per  share of $9.63 at 30
September 2010.

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

  * 22% of the private equity fair value was held in credit-related fund
    investments that were re-valued as of 31 October 2010
  * 18% of the private equity fair value was held in certain large-cap buyout
    fund investments that were valued at the amount of expected sale proceeds as
    of 31 October 2010
  * 4% of the private equity fair value was held in publicly traded securities
    as of 31 October 2010
  * 3% of the private equity fair value was held in Dresser, Inc. and was valued
    conservatively based on the amount of expected sale proceeds as of 31
    October 2010
  * 16% of the private equity fair value was held in fund investments and
    private co-investments using valuation information through 30 September 2010
  * 37% of the private equity fair value was held in fund investments and
    private co-investments using valuation information through 30 June 2010

During  October,  NBPE's  portfolio  value  increased  due  to  $2.4  million of
unrealized  gains on credit-related fund investments, $0.5 million of unrealized
gains  on public equity securities and $0.5 million of positive foreign exchange
adjustments. In addition, $4.6 million of net unrealized gains were attributable
to the receipt of Q3 2010 valuation information for certain fund investments and
private co-investments.

NBPE  expects to issue its  interim management report for  the period ending 30
September  2010 in  mid  to  late  November.  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 report, including
information that may become known subsequent to the issuance of this monthly NAV
update.  Accordingly,  amounts  included  in  the  interim management report may
differ from this monthly NAV update.

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 October 2010 monthly report,
which      is      published      on      the      Company's      website     at  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.


NBPE Monthly Report - October 2010:

NBPE Announces Monthly NAV Update for October 2010:

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


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