NB Private Equity Partners

LSE: NBPE

Market Cap£689m

Last Close 1575p

NB Private Equity Partners invests in direct private equity investments alongside market-leading private equity firms. NB Alternatives Advisers, an indirect wholly owned subsidiary of Neuberger Berman, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee or carried interest to third-party general partners. NBPE seeks capital appreciation through growth in net asset value while paying a biannual dividend.

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Investment summary

During NB Private Equity Partners’ (NBPE) capital markets day (CMD) on 5 October 2022, its management team highlighted that, despite the recent tough macro conditions, NBPE’s track record remains strong, as its direct co-investments delivered a gross IRR and multiple of invested capital (MOIC) at 18.5% pa and 2.6x over the five years to end-August 2022, respectively. With a sustained strong deal flow generated by the Neuberger Berman (NB) Private Markets platform (in which NBPE can invest on a case-by-case basis) and liquidity of US$281m at end-September 2022 (c 21% of current investment portfolio), NBPE is well-placed to seize new opportunities as they arise.

Content on NB Private Equity Partners
NB Private Equity Partners – executive interview
Investment companies | Edison TV | 18 November 2022
NB Private Equity Partners – Key takeaways from the CMD 2022
Investment companies | research Update | 24 October 2022
Businessman working on laptop, business concept
NB Private Equity Partners – Track record yet to be fully rewarded
Investment companies | research Update | 13 September 2022
Businessman working on laptop, business concept
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Price performance
%
1m
3m
12m
Actual (0.9) (1.6) (10.2)
Relative* (7.2) (4.7) (12.7)
52-week high/low 1930.0p/1300.0p
*% relative to local index
Key management
Paul Daggett Fund manager

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