NBPE NAV Update June 2009>
NBPE NAV Update June 2009
(Thomson Reuters ONE) - NB Private Equity Partners Announces Monthly Net Asset Value Update for June 200910 July 2009NB Private Equity Partners Limited ("NBPE" or "the Company"), aclosed-end private equity fund of funds investment company, todayannounced 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 pershare of $8.10 at 31 May 2009.The value of NBPE's private equity portfolio as presented in the June2009 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 2009During June, NBPE's portfolio value increased due to $3.8 million ofpositive mark-to-market adjustments on credit-related fundinvestments. This increase in value was offset by unrealized lossesrelated to public equity securities and foreign exchange adjustments.NBPE expects to issue its interim report and financial statements forthe period ended 30 June 2009 during mid-August. The Company isrequired to consider, and will consider, all known materialinformation in preparing such financial statements, includinginformation that may become known subsequent to the issuance of thismonthly NAV update. Accordingly, amounts included in the financialstatements may differ from the amounts published in the monthlyreport.NBPE also expects to provide regular NAV updates for the monthsending 31 July 2009 and 31 August 2009 within seven business days ofeach month's end.A breakdown of NBPE's NAV can be obtained in the June 2009 monthlyreport, which is published on the Company's website atwww.nbprivateequitypartners.com. The monthly report should be readin conjunction with this announcement.For further information, please contact:NBPE Investor Relations +1 214 647 9593Financial Dynamics +44 20 7269 7114Rob BailhacheNick HendersonAbout NB Private Equity Partners LimitedNBPE is a closed-end private equity fund of funds investment companyadmitted to trading on Euronext Amsterdam and the Specialist FundMarket of the London Stock Exchange. NBPE holds a diversifiedportfolio of private equity fund investments and directco-investments selected by the NB Alternatives group of NeubergerBerman, diversified across private equity asset class, geography,industry, vintage year and sponsor.This press release appears as a matter of record only and does notconstitute an offer to sell or a solicitation of an offer to purchaseany security.NBPE is established as a closed-end investment company domiciled inGuernsey. NBPE has received the necessary consent of the GuernseyFinancial Services Commission and the States of Guernsey PolicyCouncil. NBPE is registered with the Dutch Authority for theFinancial Markets as a collective investment scheme which may offerparticipations in The Netherlands pursuant to article 2:66 of theFinancial Markets Supervision Act (Wet op het financial toezicht).All investments are subject to risk. Past performance is no guaranteeof future returns. The value of investments may fluctuate. Resultsachieved in the past are no guarantee of future results. Thisdocument is not intended to constitute legal, tax or accountingadvice or investment recommendations. Prospective investors areadvised to seek expert legal, financial, tax and other professionaladvice before making any investment decision. Statements contained inthis document that are not historical facts are based on currentexpectations, estimates, projections, opinions and beliefs of NBPE'sinvestment manager. Such statements involve known and unknown risks,uncertainties and other factors, and undue reliance should not beplaced thereon. Additionally, this document contains "forward-lookingstatements." Actual events or results or the actual performance ofNBPE may differ materially from those reflected or contemplated insuch targets or forward-looking statements.---END OF MESSAGE---http://hugin.info/137843/R/1328234/313089.pdfhttp://hugin.info/137843/R/1328234/313091.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 10.07.2009 - 15:02 Uhr
Sprache: Deutsch
News-ID 3445
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