NB Private Equity Partners
NB Private Equity Partners | Private Equity Profile
The following piece on NB Private Equity Partners (NBPE) is being published as part of our Private Equity Tracker Tool, our daily effort to track private equity firms in the industry. NB Private Equity Partners is managed by Neuberger Berman Group LLC .Resource #1: NB Considering Proposals for Issue of ZDP Shares
In response to enquiries from investors, the Board of NB Private
Equity Partners Limited ("NBPE" or the "Company") is considering
proposals for an issue of Zero Dividend Preference shares ("ZDP
Shares") later this year.
The Board believes that a number of potentially attractive investment
opportunities, including secondary and distressed investments, are
accessible in the current market environment. A ZDP Share issue
would provide additional capital for investment which would enable
NBPE to take advantage of these market opportunities.
The Board believes that NBPE's current capital position is strong and
the issue of ZDP Shares would allow the Company to further enhance
its capital position as well as provide additional resources to take
advantage of current market opportunities.
The Board continues to believe that the Company's existing private
equity portfolio is well-positioned to generate attractive returns
over the long term.
The Company will take further market soundings before making a final
decision as to whether to proceed with a ZDP Share issue.
Resource #2: NB Private Equity Partners Ltd. (NBPE.LN) Wednesday posted a 7.2% rise in net asset value for the second quarter, as rallies in the equity markets boosted the value of public and private investments. NAV as at June 30 was $8.35, up from $7.70 on March 31 and an increase of 1.9% compared with the Dec. 31 NAV of $8.20. NBPE was formerly Lehman Brothers Private Equity Partners.
NBPE, which listed on Euronext Amsterdam in July 2007, is a closed-end private equity fund of funds, with net assets of $427 million. Earlier this year, it also listed on the Specialist Fund Market of the London Stock Exchange to increase liquidity and attract investors limited to LSE-traded securities.
Over the three-month period to June 30, NBPE's private equity investment portfolio had net realized gains of $1.6 million and net unrealized gains of $29.2 million. Source
Resource #2: NB Private Equity Financial Report Q2 2009
Resource #3: NB Private Equity Monthly Report July 2009
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Tags: NBPE NA, NBPE LN, AMS:NBPE, LON:NBPE, NBPE.AS, NBPE.L, NB Private Equity Partners, NB Private Equity Partners investment management, NB Private Equity Partners assets, Neuberger Berman Group LLC
Link to This Resource: NB Private Equity Partners
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