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NBPE Announces Change in Joint Corporate Broker
Globenewswire· 2026-02-02 07:00
Core Viewpoint - NB Private Equity Partners Limited has appointed Canaccord Genuity Limited as a Joint Corporate Broker alongside Jefferies International Limited, effective immediately [2]. Company Overview - NB Private Equity Partners Limited (NBPE) is a closed-end investment company based in Guernsey, focusing on direct private equity investments in collaboration with leading private equity firms globally [2][5]. - The company aims for capital appreciation through growth in net asset value over time while providing a bi-annual dividend [2]. Investment Management - The investment management is handled by NB Alternatives Advisers LLC, a wholly owned subsidiary of Neuberger Berman Group LLC, which is responsible for sourcing, execution, and management of investments [2]. - NBPE emphasizes fee efficiency by making direct investments without management fees or carried interest payable to third-party general partners [2]. Neuberger Berman Overview - Neuberger Berman is an independent, employee-owned investment manager founded in 1939, managing approximately $563 billion across various asset classes for global institutions, advisors, and individuals [3]. - The firm has been recognized for its commitment to clients and employees, receiving accolades such as Best Asset Manager for Institutional Investors in the US and 1 Best Place to Work in Money Management [3].
NBPE Announces Total Voting Rights
Globenewswire· 2025-12-01 07:00
Core Points - NB Private Equity Partners Limited (NBPE) has reported its total voting rights as of November 30, 2025, with a total of 43,796,282 voting rights available [1] - Class A shareholders hold 46,946,690 shares, with 3,150,408 shares held in treasury, allowing them to attend and vote at general meetings [1] - Class B shares, totaling 10,000, do not carry voting rights except in limited circumstances where prior approval is required from Class B shareholders [1] Company Overview - NBPE invests in direct private equity alongside leading private equity firms globally, managed by NB Alternatives Advisers LLC, a subsidiary of Neuberger Berman Group LLC [2] - The investment strategy focuses on capital appreciation through growth in net asset value while providing bi-annual dividends, with a fee-efficient structure due to no management fees or carried interest payable to third-party general partners [2] - Neuberger Berman, founded in 1939, manages $538 billion across various asset classes and has been recognized as a top workplace in money management for over a decade [3]
NBPE - Total Voting Rights
Globenewswire· 2025-11-03 07:00
Core Points - NB Private Equity Partners Limited (NBPE) has reported its total voting rights as of October 31, 2025, with 47,641,499 Class A Ordinary Shares and 10,000 Class B Shares [1] - Class A Shareholders have the right to attend and vote at general meetings, while Class B Shareholders do not have voting rights except in limited circumstances [1] - The company aims for capital appreciation through growth in net asset value while providing bi-annual dividends [2] Company Overview - NBPE invests in direct private equity alongside leading private equity firms globally, managed by NB Alternatives Advisers LLC, a subsidiary of Neuberger Berman Group LLC [2] - The investment strategy emphasizes fee efficiency, with most direct investments made without management fees or carried interest payable to third-party general partners [2] - Neuberger Berman, founded in 1939, manages $538 billion across various asset classes and has a strong focus on active management and fundamental research [3]
NBPE - NB Private Equity Partners Limited Total Voting Rights
Globenewswire· 2025-10-01 06:00
Core Points - NB Private Equity Partners Limited (NBPE) has reported its total voting rights as of September 30, 2025, with a total of 45,149,426 voting rights available [1] - Class A shareholders hold 48,299,834 shares, with 3,150,408 shares held in treasury, allowing them to attend and vote at general meetings [1] - Class B shares total 10,000, which do not carry voting rights except in certain circumstances [1] Company Overview - NBPE invests in direct private equity alongside leading private equity firms globally, managed by NB Alternatives Advisers LLC, a subsidiary of Neuberger Berman Group LLC [3] - The company aims for capital appreciation through growth in net asset value while providing bi-annual dividends, with a focus on fee efficiency by avoiding management fees and carried interest payable to third-party general partners [3] - Neuberger Berman, the parent company, manages $538 billion across various asset classes and has been recognized as a top workplace in money management for eleven consecutive years [6]
NB Private Equity Partners Limited - Interim Results
Globenewswire· 2025-09-25 06:00
Core Insights - NB Private Equity Partners (NBPE) reported a NAV total return of 4.0% in USD for the six months ending June 30, 2025, driven by strong performance from private companies and positive foreign exchange effects [4][8][27] - The portfolio achieved weighted average LTM revenue growth of 8.8% and LTM EBITDA growth of 9.8%, indicating resilient operating performance despite market challenges [5][9][31] - The company is well-positioned to capitalize on potential investment opportunities with $284 million in cash and undrawn credit lines available [6][19] Financial Performance - As of June 30, 2025, NBPE's net assets totaled $1,283 million, with a NAV per share of $28.14 (£20.53) [6][8] - The portfolio's valuation multiple was 15.4x EV/EBITDA, with a weighted average net debt/EBITDA multiple of 5.4x, indicating stable leverage levels [11][34] - Realisation activity generated $68 million in proceeds during the first half of 2025, with expectations for an additional $41 million from pending realisations [13][36] Market Environment - The exit environment showed signs of recovery after a slowdown in 2023 and early 2024, with renewed momentum expected in the latter part of 2025 [5][12][40] - Despite positive NAV returns, NBPE's share price declined by 7.6% over the same period, reflecting broader market sentiment and sector-wide challenges [15][16] - The company continues to face a wide discount in the listed private equity sector, which has been attributed to overall muted NAV performance [14][24] Investment Strategy - NBPE's investment strategy includes a focus on mid-life co-investments, with a recent $10 million investment in Infra Group, a leading infrastructure service provider [20][38] - The company has repurchased approximately 739,000 shares at a 29% discount to NAV, contributing to NAV accretion of $0.09 per share [6][17] - The board remains focused on improving share price performance and narrowing the discount to NAV through enhanced investor relations and marketing efforts [25][26]
NBPE - Total voting rights
Globenewswire· 2025-07-02 13:08
NB Private Equity Partners Limited Total Voting Rights St Peter Port, Guernsey 2 July 2025 NB Private Equity Partners Limited (“NBPE” or the “Company”) Total Voting Rights Total Voting Rights In accordance with DTR 5.6.1R, NB Private Equity Partners Limited (“NBPE” or the “Company”) notifies the market of the following: Class of ShareNumber in issue as at 30 June 2025Voting Entitlement pursuant to the Articles of IncorporationNumber held in Treasury as at 30 June 2025Voting Rights as at 30 June 2025Class A ...
NBPE Announces Transaction in Own Shares
Globenewswire· 2025-06-30 06:00
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].
Formatting Correction: NBPE - Result of AGM
Globenewswire· 2025-06-13 08:45
Core Viewpoint - The Annual General Meeting (AGM) of NB Private Equity Partners Limited was held on June 12, 2025, where all proposed resolutions were passed without amendment [1][2]. Resolutions Summary - All resolutions were voted on by way of a poll, with resolutions 1-10 being ordinary and resolutions 11-12 being special [2]. - Resolution 1: Approval of Audited Financial Statements for the year ended December 31, 2024 received 29,176,689 votes for (100%) [2]. - Resolution 2: Directors Remuneration Report approval received 29,157,113 votes for (99.95%) [2]. - Resolution 3: Re-election of William Maltby as Director received 28,884,679 votes for (99.01%) [2]. - Resolution 4: Re-election of Trudi Clark as Director received 28,529,372 votes for (97.79%) [2]. - Resolution 5: Re-election of Wilken von Hodenberg as Director received 28,907,148 votes for (99.08%) [2]. - Resolution 6: Re-election of Louisa Symington-Mills as Director received 28,905,644 votes for (99.08%) [2]. - Resolution 7: Re-election of Pawan Dhir as Director received 28,905,637 votes for (99.09%) [2]. - Resolution 8: Re-appointment of KPMG Channel Islands Limited as auditor received 26,983,892 votes for (92.49%) [2]. - Resolution 9: Directors' authority to determine auditors' remuneration received 28,794,977 votes for (98.69%) [2]. - Resolution 10: Approval of interim dividend of $0.47 per share received 29,078,022 votes for (99.66%) [2]. - Resolution 11: Authorization for market acquisitions of ordinary shares received 29,060,885 votes for (99.6%) [2]. - Resolution 12: Authorization for Directors to allot and issue equity securities received 28,938,707 votes for (99.19%) [2]. Board Changes - Mr. John Falla retired from the Board after the AGM, and Mr. Dhir was appointed as the Audit Committee Chairman [3]. Company Overview - NB Private Equity Partners Limited focuses on direct private equity investments alongside leading private equity firms globally, with an emphasis on fee efficiency [4]. - The Investment Manager, NB Alternatives Advisers LLC, is responsible for sourcing, execution, and management of investments [4]. - The company aims for capital appreciation through growth in net asset value while providing bi-annual dividends [4].
NBPE - Result of AGM
Globenewswire· 2025-06-12 17:14
NB Private Equity Partners Announces the Results of the Annual General Meeting St Peter Port, Guernsey 12 June 2025 NB Private Equity Partners Limited (the “Company”) is pleased to announce that at the Annual General Meeting of its Class A Shareholders held at 1.45 p.m. on 12 June 2025, each of the Resolutions tabled were duly passed without amendment. All resolutions as set out in the Notice of AGM, of which resolutions 1-10 were proposed as ordinary resolutions and resolutions 11 and 12 were proposed as ...
NBPE - NB Private Equity Partners Announces Transaction in Own Shares
Globenewswire· 2025-06-09 06:00
Summary of Key Points Core Viewpoint - NB Private Equity Partners ("NBPE") has announced the buyback of Class A Shares, reflecting its commitment to enhancing shareholder value through share repurchase programs [2][3]. Group 1: Share Buyback Details - The buyback occurred on June 6, 2025, with a total of 3,000 Class A Shares purchased at prices ranging from £14.50 to £14.34 [3]. - Following the buyback, the total number of outstanding Class A Shares will be 45,533,911, 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]. Group 3: Neuberger Berman Background - Neuberger Berman, founded in 1939, is an independent investment manager with over 2,800 employees managing $515 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, highlighting its strong employee engagement and management philosophy [5].