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Correction: NBPE - April Monthly Net Asset Value Estimate
Globenewswire·2025-05-28 13:26

Core Viewpoint - NB Private Equity Partners (NBPE) announced its monthly net asset value (NAV) estimate for April 2025, reporting a NAV per share of $27.29, reflecting a total return of 0.4% for the month [1][5]. NAV Highlights - As of April 30, 2025, the NAV total return (TR) was 0.8% year-to-date and 4.1% over one year, while the three-year and five-year returns were 87.7% and 160.7%, respectively [3]. - The MSCI World TR showed a year-to-date return of 12.6% and a one-year return of 39.0% [3]. - The share price TR in GBP decreased by 8.0% year-to-date [3]. Portfolio Update - The NAV performance was influenced by $53 million in realizations year-to-date [4]. - The fair value of the portfolio as of April 30, 2025, was based on private company valuations, which increased by 0.4% during Q1 2025 [5]. - The portfolio had $307 million in available liquidity, consisting of $97 million in cash and liquid investments, along with a $210 million undrawn credit line [8]. Share Buybacks - Approximately 151,000 shares were repurchased in April 2025 at a weighted average discount of 33%, contributing approximately $0.02 per share to NAV [10]. - Year-to-date, NBPE repurchased around 680,000 shares at a weighted average discount of 29%, which added approximately $0.10 per share to NAV [10]. Performance Attribution - The NAV increase of 1.1% ($13 million) was attributed to foreign exchange changes, while a 0.9% ($10 million) decrease was due to price changes in quoted holdings [6]. - The value of private holdings contributed a 0.3% ($4 million) increase, and expense accruals accounted for a 0.2% ($3 million) decrease [6]. Portfolio Composition - As of April 30, 2025, 77% of the portfolio was invested in North America, with 22% in Europe and 1% in Asia [12]. - The industry breakdown showed 23% in Tech, Media & Telecom, 22% in Consumer/E-commerce, and 17% in Industrials [12]. - The top 30 investments accounted for 77.6% of the total portfolio fair value, with significant holdings in various sectors [11].