Neuberger P.e. Regulatory News (NBPE)

NB Private Equity Partners: New research

06/12/2017

NB Private Equity Partners (NBPE) focuses on direct equity and debt investments in private equity-backed companies alongside private equity sponsors (other large private equity firms).

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Highlights:

· A unique approach to private equity whereby the manager invests (alongside sponsors) directly into private companies through direct debt and equity "co-investments", giving portfolio concentration similar to a typical equity fund, and with typically only a single layer of fees

· The trust has delivered strong NAV returns over the medium term and has enjoyed good investment pipeline over the course of 2017 thanks to the size and scale of the Neuberger Berman's Private Equity division

· Offers non-sterling exposure and strong income generation - yet the discount remains c.20%

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