NBPE Publishes Interim Management Report for the Period Ending 30
September 2009
(Thomson Reuters ONE) - 13 November 2009NB Private Equity Partners Limited ("NBPE" or "the Company") todayreleased its Interim Management Report for the period ending 30September 2009. This report is made pursuant to article 5:25e of theDutch Financial Supervision Act (Wet op het financieel toezicht)which requirement stems from the EU Transparency Directive[1]As of 30 September 2009, NBPE's unaudited net asset value ("NAV") pershare increased to $8.79. This represents an increase of 5.3%compared to the unaudited NAV per share of $8.35 at 30 June 2009 andan increase of 7.2% compared to the audited NAV per share of $8.20 at31 December 2008.In the third quarter, NBPE's private equity portfolio experienced netrealized losses of $4.6 million. The investment portfolio generatednet unrealized gains of $19.2 million associated with credit-relatedfund investments and public equity securities and net unrealizedgains of $11.2 million related to privately held investments.Interest and dividend income, foreign exchange translation, operatingexpenses (including interest expense) and taxes in the third quarterresulted in a $3.3 million decrease in NAV.For the nine month period ended 30 September 2009, the investmentportfolio had net realized losses of $6.3 million. Net unrealizedgains for credit-related fund investments and public equitysecurities were $36.8 million, while net unrealized losses forprivately held investments were $0.4 million. Net operating expenses(including interest expense), treasury stock adjustments, foreignexchange translation and taxes led to an $11.6 million decrease inNAV during the nine month period; however, share repurchases throughthe Company's Liquidity Enhancement Agreement were accretive to NAVby $0.18 on a per share basis.The Interim Management Report for the period ending 30 September 2009is available on the Company's website atwww.nbprivateequitypartners.com. The Interim Management Report shouldbe read in conjunction with this announcement. Additional informationregarding NBPE's recent performance can be obtained in the October2009 monthly report, which is also published on the Company'swebsite.[1] Pursuant to article 5:25e and article 5:25m of the DutchFinancial Supervision Act this Interim Management Statement has beenmade generally available by means of a press release and bypublication on NBPE's website (www.nbprivateequitypartners.com) andhas been filed with the Netherlands Authority for the FinancialMarkets (Autoriteit Financiële Markten).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 State of Guernsey PolicyCounsel. 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. Prospective investors are advised to seek expertlegal, financial, tax and other professional advice before making anyinvestment decision. 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/1354968/328705.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 13.11.2009 - 15:18 Uhr
Sprache: Deutsch
News-ID 8374
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 262 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"NBPE Publishes Interim Management Report for the Period Ending 30
September 2009"
steht unter der journalistisch-redaktionellen Verantwortung von
NB Private Equity Partners Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
