NB Private net asset value total return improves; says well positioned

(Alliance News) - NB Private Equity Partners Ltd on Thursday said there are good reasons to be optimistic about the portfolio's positioning, as it posted an improvement in net asset value total return in dollar terms.

NB Private Equity is a Guernsey-based private equity investment company managed by Neuberger Berman Group LLC, a New York-headquartered investment management firm.

The company said net asset value per share for class A and class B shares rose 2.2% to USD28.14 as at June 30 from USD27.53 at December 31, 2024.

NAV total return was 4.0% in the first half of 2025, higher compared to 1.0% a year prior.

In sterling, NAV per share fell 6.6% to GBP20.53 at June 30, from GBP21.98 at December 31, 2024.

Paul Daggett, managing director at Neuberger Berman said: "We think many companies have benefitted from sector expertise of the underlying private equity sponsors and their ongoing optimisation and value creation efforts. We are pleased with the portfolio's operating performance, particularly in light of a challenging start in the second quarter, and we believe there are good reasons to be optimistic about the portfolio's overall positioning."

The company said growth was mostly driven by the largest private companies, alongside gains from quoted holdings and positive foreign exchange tailwinds.

NB Private said that in late August it had paid an interim dividend of 47 US cents per share, unchanged from a year prior.

Peter von Lehe, managing director & head of Investment Solutions & Strategy at Neuberger Berman said: "Following a pause in activity early in the second quarter, as the year has progressed renewed momentum in the exit environment has provided a supportive backdrop for potential realisations. While the timing and pace of a sustained rebound remains uncertain, with a number of companies in the portfolio that we believe are ‘exit ready’, NBPE is well placed to benefit as conditions improve."

NB Private shares were up 0.3% at 1,444.00 pence each on Thursday around noon in London.

By Tom Budszus, Alliance News slot editor

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