NB Private Equity Partners Monthly Net Asset Value Update for October
2009
(Thomson Reuters ONE) - 11 November 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 31 October 2009, NBPE's unaudited NAV per share was $8.78,representing an increase of 1.5% compared to the unaudited NAV pershare of $8.64 at 30 September 2009.The value of NBPE's private equity portfolio as presented in theOctober 2009 monthly report was based on the following information: * 21% of the private equity fair value was held in credit-related fund investments that were re-valued as of 31 October 2009 * 7% of the private equity fair value was held in publicly traded securities that were re-valued as of 31 October 2009 * 32% of the private equity fair value was held in private equity funds using valuation information through 30 September 2009 * 17% of the private equity fair value was held in private co-investments using valuation information through 30 September 2009 * 23% of the private equity fair value was held in private equity funds using valuation information through 30 June 2009During October, NBPE's portfolio value increased due to $2.4 millionof unrealized gains on credit-related fund investments and $0.1million of positive foreign exchange adjustments. These gains invalue were offset by $1.8 million of unrealized losses related topublic equity securities. In addition, net unrealized gains of $6.9million were attributable to the receipt of Q3 2009 valuationinformation for certain fund investments and private co-investments.During October, NBPE agreed to co-invest alongside Neuberger Berman'ssecondary fund in the purchase of a portfolio of private equity fundinvestments and co-investments at a discount to net asset value. Theportfolio is well diversified by asset class, vintage year andsponsor, and will provide NBPE with a total private equity exposureof $7.4 million. The transaction has not yet closed.NBPE expects to issue an interim management report for the nine monthperiod ended 30 September 2009 later this week. The Company isrequired to consider, and will consider, all known materialinformation in preparing such management report, includinginformation that may become known subsequent to the issuance of thismonthly report. Accordingly, amounts included in the interimmanagement report may differ from this monthly report.NBPE also expects to continue to provide regular NAV updates withinseven business days of each month's end.A breakdown of NBPE's NAV can be obtained in the October 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/1354166/328232.pdfhttp://hugin.info/137843/R/1354166/328233.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 11.11.2009 - 08:55 Uhr
Sprache: Deutsch
News-ID 8214
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