NBPE Announces Net Asset Value Update for July 2009
(Thomson Reuters ONE) - 11 August 2009NB Private Equity Partners Limited ("NBPE" or "the Company"), aclosed-end privateequity fund of funds investment company, today announced an updatedNet Asset Value("NAV").As of 31 July 2009, NBPE's unaudited NAV per share was $8.39,representing an increaseof 3.2% compared to the unaudited NAV per share of $8.13 at 30 June2009.The value of NBPE's private equity portfolio as presented in the July2009 monthly reportwas based on the following information:- 26% of the portfolio value was held in credit related fundinvestments and publiclytraded securities that were re-valued as of 31 July 2009- 32% of the portfolio value was held in private equity funds andprivate coinvestmentsvalued using information through 30 June 2009- 42% of the portfolio value was held in private equity funds andprivate coinvestmentsvalued using information through 31 March 2009During July, NBPE's portfolio value increased due to $3.9 million ofpositive mark-tomarketadjustments on credit-related fund investments, $2.1 million ofunrealized gainsrelated to public equity securities and $0.4 million of positiveforeign exchange adjustments.In addition, net unrealized gains of $7.7 million were attributableto the receipt of Q2 2009valuation information for certain fund investments and privateco-investments.NBPE expects to issue its interim report and financial statements forthe period ended 30June 2009 later this month. The Company is required to consider, andwill consider, allknown material information in preparing such financial statements,including informationthat may become known subsequent to the issuance of this monthly NAVupdate.Accordingly, amounts included in the financial statements may differfrom the amountspublished in the monthly report.NBPE also expects to provide regular NAV updates for the monthsending 31 August 2009and 30 September 2009 within seven business days of each month's end.A breakdown of NBPE's NAV can be obtained in the July 2009 monthlyreport, which ispublished on the Company's website atwww.nbprivateequitypartners.com. The monthlyreport should be read in 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 tradingon Euronext Amsterdam and the Specialist Fund Market of the LondonStock Exchange.NBPE holds a diversified portfolio of private equity fund investmentsand direct coinvestmentsselected by the NB Alternatives group of Neuberger Berman,diversified acrossprivate equity asset class, geography, industry, vintage year andsponsor.---END OF MESSAGE---http://hugin.info/137843/R/1333823/316348.pdfhttp://hugin.info/137843/R/1333823/316349.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 11.08.2009 - 08:33 Uhr
Sprache: Deutsch
News-ID 4566
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