NB Private Equity Partners’ unaudited net asset value increased by USD1.8m during the six months ended 30 June 2010 to USD9.50 per share.
This represents an increase of 0.4 per cent compared to the audited NAV per share of USD9.46 at 31 December 2009.
During the first half of the year, NBPE’s private equity investment portfolio had net realised losses of USD2.8m. The portfolio experienced net unrealised gains of USD8.9m associated with privately held investments and USD7.3m associated with credit-related fund investments.
The net unrealised loss for public equity securities was USD2.6m during the period. Investment income, operating expenses (including interest expense), foreign exchange translation and taxes led to a USD9.0m decrease in net asset value.
NB Private Equity Partners is a closed-end private equity fund of funds investment company with class A ordinary shares admitted to trading on Euronext Amsterdam and the Specialist Fund Market of the London Stock Exchange.
