NBPE Announces Transaction in Own Shares

Core Viewpoint - NB Private Equity Partners ("NBPE") has announced the buyback of Class A Shares as authorized by shareholders, indicating a strategic move to manage its capital structure and enhance shareholder value [2][3]. Group 1: Share Buyback Details - The share buyback occurred on June 27, 2025, with 1,500 Class A Shares purchased at a uniform price of £14.28 [3]. - Following the buyback, the total number of outstanding Class A Shares will be reduced to 45,498,210, with an additional 3,150,408 Class A shares held in treasury [3]. Group 2: Company Overview - NBPE is a closed-end investment company based in Guernsey, focusing on direct private equity investments alongside leading private equity firms globally [4][7]. - The investment manager, NB Alternatives Advisers LLC, is a wholly owned subsidiary of Neuberger Berman Group LLC, which emphasizes fee efficiency by not charging management fees or carried interest to third-party general partners [4]. - The company aims for capital appreciation through growth in net asset value while providing bi-annual dividends to its shareholders [4]. Group 3: Neuberger Berman Background - Neuberger Berman, founded in 1939, is an independent investment manager with over 2,800 employees across 26 countries, managing $515 billion in various asset classes [5]. - The firm's investment philosophy is centered on active management, fundamental research, and engaged ownership, recognized as a top workplace in money management for eleven consecutive years [5].