Last checked at 
23 Dec 2019 07:00
NB Private Equity: Monthly NAV Update - November 2019
23 December 2019
NB Private Equity Partners Limited (“NBPE” or the “Company”), a closed-end private equity investment company, today announced an updated Net Asset Value (“NAV”) for the month ended 30 November 2019.
Key Highlights
·Monthly, year to date and LTM NAV development:
| (Returns in USD) | Month | 30 Nov-19YTD | 30 Nov-19LTM |
| Total return NAV developmentper Share1 | 0.5% | 9.0% | 9.1% |
| NAV development per Share | 0.5% | 5.7% | 5.8% |
Portfolio Valuation
The value of NBPE’s private equity portfolio as of 30 November 2019 was based on the following information2:
15% of the private equity fair value was valued as of 30 November 2019 9% in private direct investments6% in public securities 1% of the private equity fair value was valued as of 31 October 2019 1% in private direct investments 84% of the private equity fair value was valued as of 30 September 2019 81% in private direct investments3% in fund investmentsPortfolio Commentary
During November, NBPE funded $18.4 million to direct equity investments, of which $13.2 million was to a new investment in BCA Marketplace, which is a used vehicle marketplace, and $5.0 million to a new investment in Bartaco / Barcelona Wine Bar, a US restaurant chain with locations across twelve states. Direct equity investments distributed $7.3 million during the month of which $6.4 million was received from a partial realisation of Agiliti. NBPE also received $0.7 million from interest and principal receipts from income investments. During November the sale of LGC, a 2016 equity investment led by KKR, was announced. The sale is expected to close in the first quarter of 2020, but the investment’s valuation was marked up in the November monthly NAV update to reflect the expected sale proceeds less a small discount.
For further information, please contact:
NBPE Investor Relations +1 214 647 9593
Kaso Legg Communications +44 (0)20 3995 6673Charles Gorman nbpe@kl-communications.com
About NB Private Equity Partners LimitedNBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.
LEI number: 213800UJH93NH8IOFQ77
About Neuberger BermanNeuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 23 countries, Neuberger Berman’s diverse team has 2,100 professionals. For six consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). The firm was awarded an A+ in every category in the latest 2019 PRI report for our approach to ESG integration across asset classes. The firm manages $339 billion in client assets as of September 30, 2019. For more information, please visit our website at www.nb.com.
Attachment
NBPE November Monthly 2019