NB Private Equity Partners’ unaudited net asset value per share increased to USD9.79 at 30 September 2010.
This represents an increase of 3.5 per cent compared to the audited NAV per share of USD9.46 at 31 December 2009.
For the nine month period ended 30 September 2010, NBPE’s investment portfolio had realised gains of USD1.6m.
The portfolio also generated net unrealised gains of USD22.1m from privately held investments and USD16.0m from credit-related fund investments and public equity securities.
These gains in value were offset by USD6.8m of net write-downs related to the previously announced asset sale.
Investment performance during the period was also offset by USD16.1m of net operating expenses (including credit facility interest and ZDP share accretion), foreign exchange translation and taxes.
