NBPE Announces November Monthly NAV Estimate

Core Viewpoint - NB Private Equity Partners (NBPE) reported its monthly NAV estimate as of 30 November 2025, highlighting a total NAV of $1.2 billion and a total return of 4.0% year-to-date [1][2]. NAV Highlights - The NAV total return (TR) for NBPE was 4.0% year-to-date, 4.1% over one year, 9.5% over three years, 59.2% over five years, and 164.9% over ten years [3]. - The MSCI World TR showed significantly higher returns, with 20.6% year-to-date and 223.3% over ten years [3]. - The share price TR was 4.3% year-to-date and 235.1% over ten years, indicating strong performance compared to the FTSE All-Share TR [3]. Portfolio Update - The NAV performance was primarily driven by private company valuations, with a total of $157 million in realizations received year-to-date and $23 million deployed in new investments [4][5]. - The NAV per share was reported at $27.67 (£20.88), with a total return of 0.5% for the month [6]. - Approximately 92% of the valuation information was based on Q3 private company data, with private investments appreciating by 1.3% on a constant currency basis [6]. Share Buybacks - In November 2025, approximately 695,000 shares were repurchased at a weighted average discount of 24%, resulting in an NAV per share accretion of approximately $0.12 [11]. - Year-to-date, NBPE has repurchased around 2.9 million shares for $57 million at a weighted average discount of 26%, contributing to an NAV accretion of approximately $0.48 per share [11]. Investment Opportunities - NBPE has a strong pipeline of investment opportunities, particularly in mid-life co-investments and co-underwrite opportunities, supported by $289 million in total liquidity as of 30 November 2025 [8][9]. - The liquidity comprises $79 million in cash and liquid investments, along with a $210 million undrawn credit line [9]. Portfolio Composition - As of 30 November 2025, 78% of the portfolio was invested in North America, while 22% was in Europe [13]. - The industry distribution of the portfolio includes 20% in Tech, Media & Telecom, 19% in Consumer/E-commerce, and 19% in Industrials/Industrial Technology [13].