NB Private Equity Partners’ unaudited net asset value per share was USD8.39 at 31 July 2009, representing an increase of 3.2 per cent compared to the unaudited NAV per share of USD8.13
NB Private Equity Partners’ unaudited net asset value per share was USD8.39 at 31 July 2009, representing an increase of 3.2 per cent compared to the unaudited NAV per share of USD8.13 at 30 June 2009.
Twenty six per cent of the portfolio value was held in credit related fund investments and publicly traded securities that were re-valued as of 31 July 2009; 32 per cent of the portfolio value was held in private equity funds and private co-investments valued using information through 30 June 2009; and 42 per cent of the portfolio value was held in private equity funds and private co-investments valued using information through 31 March 2009.
During July, NBPE’s portfolio value increased due to USD3.9m of positive mark-to-market adjustments on credit-related fund investments, USD2.1m of unrealized gains related to public equity securities and USD0.4m of positive foreign exchange adjustments.
In addition, net unrealized gains of USD7.7m were attributable to the receipt of Q2 2009 valuation information for certain fund investments and private co-investments.
NBPE expects to issue its interim report and financial statements for the period ended 30 June 2009 later this month.
NBPE also expects to provide regular NAV updates for the months ending 31 August 2009 and 30 September 2009 within seven business days of each month’s end.
NBPE is a closed-end private equity fund of funds investment company admitted to trading on Euronext Amsterdam and the Specialist Fund Market of the London Stock Exchange. It holds a diversified portfolio of private equity fund investments and direct co-investments selected by the NB Alternatives group of Neuberger Berman, diversified across private equity asset class, geography, industry, vintage year and sponsor.
