27 August 2013
NB Private Equity Partners Limited ("NBPE" or "the Company"), a closed-end private equity investment company, today released its Interim Financial Report for the period ending 30 June 2013 and announced a revised Net Asset Value ("NAV") estimate for 31 July 2013. This statement is made pursuant to article 5:25e of the Dutch Financial Supervision Act (Wet op het financieel toezicht) which requirement stems from the EU Transparency Directive.The Company also published a new presentation for the investor call scheduled for Wednesday, 28 August 2013.
As of 30 June 2013, NBPE's unaudited NAV per Share was $12.14, which represents a 2.8% increase compared to the audited NAV per Share of $11.81 at 31 December 2012. As of 30 June 2013, the unaudited Total Return NAV per Share was $12.34, which represents a 4.5% increase compared to the audited NAV per Share of $11.81 at 31 December 2012.
Based on the updated valuation information in the Interim Financial Report, NBPE's revised estimate of the unaudited estimated NAV per share at 31 July 2013 is $11.98 which represents a 0.2% increase compared to the previously published revised July monthly estimate of $11.96. As of 31 July 2013, including the accrual of the 30 August 2013 dividend, NBPE's unaudited Total Return NAV per Share was $12.39, which represents a 0.4% increase from the 30 June 2013 unaudited Total Return NAV per Share of $12.34.
During the first half of 2013, our private equity portfolio generated realized gains of $15.1 million. The portfolio also had net unrealized gains of $14.3 million from private investments, credit-related fund investments and public securities. Investment performance during the quarter was offset by $3.6 million of net operating expenses.
The Interim Financial Report for the period ending 30 June 2013 is available on NBPE's website at http://www.nbprivateequitypartners.com/and should be read in conjunction with this announcement.
Investor Call Scheduled for 28 August 2013
An investor conference call will be held on Wednesday, 28 August 2013 in order to discuss the Company's recent financial performance and Company developments.
The conference call will take place at 14.00 BST / 15.00 CEST / 09.00 EDT and can be accessed by dialing +1-877-233-4049 (U.S.) or +1-706-634-9866 (International) with the access code 35344715. Please ask for "the NBPE investor call."
A playback facility will be available two hours after the conference call concludes. This facility can be accessed for the following two weeks by dialing +1-855-859-2056 (U.S.) or +1-404-537-3406 (International). The code to access the playback facility is 35344715. A recording of the investor call will also be available on NBPE's website within several days after the call.
An updated investor presentation is attached and also available on NBPE's website at http://www.nbprivateequitypartners.com/. Additional information regarding NBPE's recent performance can be obtained in the second quarter Interim Financial Report and latest monthly report, which are also available on the Company's website.
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.
