NB Private Equity Partners Announces
Monthly Net Asset Value Update for June 2009
10 July 2009
NB Private Equity Partners Limited ("NBPE" or "the Company"), a
closed-end private equity fund of funds investment company, today
announced an updated Net Asset Value ("NAV").
As of 30 June 2009, NBPE's unaudited NAV per share was $8.13,
representing an increase of 0.4% compared to the unaudited NAV per
share of $8.10 at 31 May 2009.
The value of NBPE's private equity portfolio as presented in the June
2009 monthly report was based on the following information:
* 26% of NAV was held in credit related fund investments and
publicly traded securities that were re-valued as of 30 June 2009
* 57% of NAV was held in private equity funds valued using
information through 31 March 2009
* 17% of NAV was held in private co-investments valued using
information through 31 March 2009
During June, NBPE's portfolio value increased due to $3.8 million of
positive mark-to-market adjustments on credit-related fund
investments. This increase in value was offset by unrealized losses
related to public equity securities and foreign exchange adjustments.
NBPE expects to issue its interim report and financial statements for
the period ended 30 June 2009 during mid-August. The Company is
required to consider, and will consider, all known material
information in preparing such financial statements, including
information that may become known subsequent to the issuance of this
monthly NAV update. Accordingly, amounts included in the financial
statements may differ from the amounts published in the monthly
NBPE also expects to provide regular NAV updates for the months
ending 31 July 2009 and 31 August 2009 within seven business days of
each month's end.
A breakdown of NBPE's NAV can be obtained in the June 2009 monthly
report, which is published on the Company'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
Financial Dynamics +44 20 7269 7114
About NB Private Equity Partners Limited
NBPE is a closed-end private equity fund of funds investment company
admitted to trading on Euronext Amsterdam and the Specialist Fund
Market of the London Stock Exchange. NBPE holds a diversified
portfolio of private equity fund investments and direct
co-investments selected by the NB Alternatives group of Neuberger
Berman, diversified across private equity asset class, geography,
industry, vintage year and sponsor.
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
NBPE is established as a closed-end investment company domiciled in
Guernsey. NBPE has received the necessary consent of the Guernsey
Financial Services Commission and the States of Guernsey Policy
Council. NBPE is registered with the Dutch Authority for the
Financial Markets as a collective investment scheme which may offer
participations in The Netherlands pursuant to article 2:66 of the
Financial Markets Supervision Act (Wet op het financial toezicht).
All investments are subject to risk. Past performance is no guarantee
of future returns. The value of investments may fluctuate. Results
achieved in the past are no guarantee of future results. This
document is not intended to constitute legal, tax or accounting
advice or investment recommendations. Prospective investors are
advised to seek expert legal, financial, tax and other professional
advice before making any investment decision. Statements contained in
this document that are not historical facts are based on current
expectations, estimates, projections, opinions and beliefs of NBPE's
investment manager. Such statements involve known and unknown risks,
uncertainties and other factors, and undue reliance should not be
placed thereon. Additionally, this document contains "forward-looking
statements." Actual events or results or the actual performance of
NBPE may differ materially from those reflected or contemplated in
such targets or forward-looking statements.
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