LBPE - Financial Results for the Period Ending 30 September 2007
THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE
UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS.
For further information about the global offering, reference is made
to the offering memorandum dated 6 July 2007 (the "Offering
Memorandum"). Copies of the offering memorandum, in the English
language, may be obtained free of charge from the office of LBPE at
Polygon Hall, Le Marchant Street, St. Peter Port, Guernsey, from the
offices of the managers of the offering and from the office of ABN
AMRO Bank N.V., the listing and paying agent, at Gustav Mahlerlaan
10, 1082 PP Amsterdam, the Netherlands, tel +31 20 383 6707, e-mail
Lehman Brothers Private Equity Partners Limited Announces
Financial Results for the Period Ending 30 September 2007
31 October 2007
Lehman Brothers Private Equity Partners Limited ("LBPE" or "the
Company"), a closed-end private equity fund of funds investment
company, today announced results for its inaugural reporting period.
This covers the period since the successful initial public offering
("IPO") of the Company's shares on Euronext Amsterdam N.V.'s Eurolist
by Euronext on 25 July 2007.
As of 30 September 2007, the unaudited final Net Asset Value ("NAV")
per share was $10.29. This represents an increase of 2.9% over the
initial offering price of $10.00 per share.
The NAV of $10.29 per share is 4 cents higher than was reported in
the September 2007 Monthly Report as a result of the receipt of
additional portfolio valuation information.
Highlights of Third Quarter 2007 performance:
- Positive initial performance of +2.9% for the partial
- Private Equity Investment Level rose to 58% of Net Asset
Value from 47% at IPO
- Total Private Equity exposure increased to 121% of Net Asset
Value, from 113% on listing
- LBPE committed to a further four new private equity
investments during the quarter
The Interim Financial Report for LBPE for the period ending 30
September 2007 is available on the Company's Web site at www.lbpe.com
and attached to this announcement. The Interim Financial Report
should be read in conjunction with this announcement.
The October 2007 Monthly Report is expected to be released on 5
November 2007. LBPE will host a conference call during the week of 12
November 2007 to discuss financial results; details of the call will
be posted on the Company's Web site at www.lbpe.com.
For further information, please contact:
Lehman Brothers +44 20 7102 7252
Financial Dynamics +44 20 7269 7229
About Lehman Brothers Private Equity
Started in 1984, Lehman Brothers' Private Equity business has
aggregate committed capital since inception of approximately $26
billion and consists of 18 different fund strategies across six asset
classes: merchant banking, venture capital, real estate, fund of
funds, credit and infrastructure.
About Lehman Brothers
Lehman Brothers, an innovator in global finance, serves the financial
needs of corporations, governments and municipalities, institutional
clients, and high net worth individuals worldwide. Founded in 1850,
Lehman Brothers maintains leadership positions in equity and fixed
income sales, trading and research, investment banking, private
investment management, asset management and private equity. The Firm
is headquartered in New York, with regional headquarters in London
and Tokyo, and operates in a network of offices around the world.
For further information about Lehman Brothers' services, products and
recruitment opportunities, visit www.lehman.com.
This press release appears as a matter of record only and does not
constitute an offer to sell or a solicitation of an offer to purchase