NB Private Equity Partners’ unaudited net asset value per share increased by 7.2 per cent to USD8.35 at 30 June 2009 from USD7.79 at 31 March 2009.
NB Private Equity Partners’ unaudited net asset value per share increased by 7.2 per cent to USD8.35 at 30 June 2009 from USD7.79 at 31 March 2009.
The amount has increased by 1.9 per cent compared to the audited NAV per share of USD8.20 at 31 December 2008.
During the second quarter of 2009, NBPE’s private equity investment portfolio had net realized gains of USD1.6m.
The portfolio also experienced net unrealized gains of USD20.6m associated with credit-related fund investments and public equity securities and net unrealized gains of USD8.6m related to privately held investments.
Interest and dividend income, foreign exchange translation, operating expenses and treasury stock adjustments in the second quarter resulted in a USD2.9m decrease in net asset value.
The fair value of NBPE’s private equity portfolio was based on the following information:
• 50 per cent of the private equity fair value was held in private equity funds using valuation information through 30 June 2009
• 17 per cent of the private equity fair value was held in credit related fund investments that were re-valued as of 30 June 2009
• 16 per cent of the private equity fair value was held in private co-investments using valuation information through 30 June 2009
• Nine per cent of the private equity fair value was held in publicly traded securities that were re-valued as of 30 June 2009
• Eight per cent of the private equity fair value was held in private equity funds using valuation information through 31 March 2009
NBPE will host an investor conference call on 10 September 2009 at 15.00 CEST / 14.00 BST / 9.00am EDT.
