NB Private Equity Partners Limited : Net Asset Value Update for July 2013

13 August 2013

NB Private Equity Partners Limited ("NBPE" or "the Company"), a closed-end private equity investment company, today announced an updated Net Asset Value ("NAV").

As of 31 July 2013, the unaudited estimated NAV per share was $11.93 (after accruing for the August dividend, which will be paid on 30 August 2013), which represents 0.1% increase compared to the unaudited NAV per share of $11.92 at 30 June 2013. Including the cumulative dividends paid and accrued for 2013 of $0.41 per Share, NBPE's total return unaudited NAV per Share was $12.34 which represents a 1.8% increase compared to the unaudited total return NAV per Share of $12.12 at 30 June 2013.

The value of NBPE's private equity portfolio as presented in the July 2013 monthly report was based on the following information:

·       43% of the private equity fair value was valued as of 31 July 2013
-      25% in private direct/co-investments based on 31 July 2013 valuation information
-      10% in credit-related fund investments
-      8% in public securities
·       30% of the private equity fair value was valued as of 30 June 2013
-      20% in private direct/co-investments based on Q2 2013 valuation information
-      10% in fund investments based on Q2 2013 valuation information
·       27% of the private equity fair value was valued as of 31 March 2013
-      27% in fund investments based on Q1 2013 valuation information  
During July, NBPE's portfolio value increased due to $7.8 million of unrealized gains attributable to the receipt of Q2 2013 valuation information, $2.0 million of unrealized gains on public securities, $1.1 million of unrealized gains on credit-related fund investments, and $0.4 million of positive foreign exchange adjustments. In addition, NBPE's portfolio value increased due to approximately $1.3 million of accrued cash and PIK interest from its direct yielding investment portfolio. There were no shares repurchased during the month of July.
During the month of July, NBPE's aggregate trading volume on Euronext Amsterdam, the London Stock Exchange, and over-the-counter trading platforms was 5,333,143 shares, which represents an average daily trading volume of approximately 231,876 shares. The trading volume in July included approximately 1,306,979 shares traded over-the-counter and not reported on Euronext Amsterdam or the London Stock Exchange.

NBPE expects to continue to provide regular NAV updates within seven business days of each month's end.

Please refer to the valuation methodology section of the monthly report for a description of our valuation policy. While some valuation data is as of 30 June and 31 March 2013, our analysis and historical experience lead us to believe that this approximates fair value at 31 July 2013. 

NBPE expects to issue its interim financial report for the six month period ended 30 June 2013 in August. The interim financial 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 interim financial report, including information that may become known subsequent to the issuance of this monthly report. Accordingly, amounts included in the interim financial report may differ from this monthly report.