IN BRIEF: NB Private Equity net asset value down on strong US dollar

Thu, 19th Oct 2023 09:36

NB Private Equity Partners Ltd - private equity investment company managed by Neuberger Berman - Net asset value as at September 30 falls by 2.8% month-on-month to USD27.15. Company cites negative foreign exchange adjustments in its non-USD investments. However, full or partial sales in the year to date achieve double the gross multiple of capital and were at a 13% uplift quarter-on-quarter.

Current stock price: 1,578.02 pence, up 0.9% on Thursday

12-month change: up 2.1%

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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