NBPE - Appointment of New Non-Executive Director

Core Viewpoint - The appointment of Caroline Chan as an independent non-executive Director of NB Private Equity Partners is aimed at ensuring a smooth transition in anticipation of Trudi Clark's retirement in 2026 [2]. Group 1: Appointment Details - Caroline Chan has been appointed to the Board effective from 18 September 2025, increasing the Board size from five to six directors temporarily [2]. - Ms. Chan brings over 30 years of experience as a corporate lawyer with expertise in investment funds, banking, and commercial law [2]. - She has held various senior legal and regulatory roles and directorships within leading firms and Guernsey organizations [2]. Group 2: Committee Involvement - Ms. Chan will serve on the Audit Committee, Management Engagement Committee, and the Nomination & Remuneration Committee, with all appointments effective from 18 September 2025 [3]. Group 3: Company Overview - NB Private Equity Partners invests in direct private equity investments alongside leading private equity firms globally [4]. - The Investment Manager, NB Alternatives Advisers LLC, is responsible for sourcing, execution, and management of NBPE, with a focus on fee efficiency [4]. - NBPE aims for capital appreciation through growth in net asset value over time while paying a bi-annual dividend [4]. Group 4: Neuberger Berman Overview - Neuberger Berman is an employee-owned, independent investment manager managing $538 billion across various asset classes [5]. - The firm has been recognized as one of the best places to work in money management for eleven consecutive years [5].