19 August 2013
NB Private Equity Partners Limited ("NBPE" or "the Company"), a closed-end private equity investment company, today announced two adjustments to the estimated July 2013 Monthly NAV update and press release issued on 13 August 2013, resulting in an increase to NBPE's July 2013 Net Asset Value of $1.4 million which translates to a restated Net Asset Value of $11.96 per share compared to the $11.93 per share originally reported. The two adjustments are the inclusion of an accrual for carried interest of $2.2 million in Net Other Liabilities and an increase in the valuation of the Private Equity portfolio due to additional valuation information subsequently received, of $3.8 million.
Copies of this press release, the originally issued July 2013 Monthly NAV update and July 2013 Monthly NAV update press release are published on NBPE's website at www.nbprivateequitypartners.com. The monthly report should be read in conjunction with this announcement.
For further information, please contact:
NBPE Investor Relations +1 214 647 9593
FTI Consulting +44 20 7269 7297/7243
Edward Berry
Laura Pope
ABOUT NB PRIVATE EQUITY PARTNERS LIMITED
NBPE is a closed-end private equity investment company with class A ordinary shares admitted to trading on Euronext Amsterdam and the Specialist Fund Market of the London Stock Exchange. NBPE has ZDP shares admitted to trading on the Specialist Fund Market of the London Stock Exchange and the Daily Official List of the Channel Islands Stock Exchange. NBPE holds a diversified portfolio of direct yielding investments, co-investments and fund investments selected by the NB Alternatives group of Neuberger Berman, diversified across private equity asset class, geography, industry, vintage year, and sponsor.
ABOUT NEUBERGER BERMAN
Neuberger Berman is a private, independent, employee-controlled investment manager. It partners with institutions, advisors and individuals throughout the world to customize solutions that address their needs for income, growth and capital preservation. With more than 1,900 professionals focused exclusively on asset management, it offers an investment culture of independent thinking. Founded in 1939, the company provides solutions across equities, fixed income, hedge funds and private equity, and had $214 billion in assets under management as of 30 June 2013. For more information, please visit our website at www.nb.com.
