REG-NBPE - Appointment of New Non-Executive Director

NB Private Equity PartnersAnnouncement

18/09/2025 18:00

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NBPE Announces Appointment of New Non-Executive Director

St Peter Port, Guernsey 18 September 2025

The Board of NB Private Equity Partners ("NBPE" or the "Company") is pleased
to announce that Caroline Chan has been appointed as an independent
non-executive Director of the Company with effect from 18 September 2025.

This appointment reflects the Board’s decision temporarily to increase the
size of the Board from five to six directors ensuring a smooth transition in
anticipation of Trudi Clark’s retirement from the Board at the 2026 AGM.
Caroline is a Guernsey resident and brings over 30 years’ experience as a
corporate lawyer, with significant expertise in investment funds, banking, and
commercial law gained in Guernsey, London and Hong Kong. In addition to her
current roles, Caroline has held a number of senior legal and regulatory roles
and directorships within leading firms and Guernsey organisations.

Ms Chan has been appointed to the Audit Committee, Management Engagement
Committee and the Nomination & Remuneration Committee. All appointments are
effective from 18 September 2025.

For further information, please contact:

NBPE Investor Relations        +44 (0) 20 3214 9002
Luke Mason        NBPrivateMarketsIR@nb.com  

Kaso Legg Communications        +44 (0)20 3882 6644

Charles Gorman        nbpe@kl-communications.com
Luke Dampier
Charlotte Francis

About NB Private Equity Partners Limited
NBPE invests in direct private equity investments alongside market leading
private equity firms globally. NB Alternatives Advisers LLC (the “Investment
Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group
LLC, is responsible for sourcing, execution and management of NBPE. The vast
majority of direct investments are made with no management fee / no carried
interest payable to third-party GPs, offering greater fee efficiency than
other listed private equity companies. NBPE seeks capital appreciation through
growth in net asset value over time while paying a bi-annual dividend.

LEI number: 213800UJH93NH8IOFQ77

About Neuberger Berman
Neuberger Berman is an employee-owned, private, independent investment manager
founded in 1939 with over 2,800 employees in 26 countries. The firm manages
$538 billion of equities, fixed income, private equity, real estate and hedge
fund portfolios for global institutions, advisors and individuals.
Neuberger's investment philosophy is founded on active management, fundamental
research and engaged ownership. The firm has been named by Pensions &
Investments as the #1 or #2 Best Place to Work in Money Management for each of
the last eleven years (firms with more than 1,000 employees).
Visit www.nb.com for more information,
including www.nb.com/disclosure-global-communications for information on
awards. Data as of June 30, 2025.

This press release appears as a matter of record only and does not constitute
an offer to sell or a solicitation of an offer to purchase any security.

NBPE is established as a closed-end investment company domiciled in Guernsey.
NBPE has received the necessary consent of the Guernsey Financial Services
Commission. The value of investments may fluctuate. Results achieved in the
past are no guarantee of future results. This document is not intended to
constitute legal, tax or accounting advice or investment recommendations.
Prospective investors are advised to seek expert legal, financial, tax and
other professional advice before making any investment decision. Statements
contained in this document that are not historical facts are based on current
expectations, estimates, projections, opinions and beliefs of NBPE's
investment manager. Such statements involve known and unknown risks,
uncertainties and other factors, and undue reliance should not be placed
thereon. Additionally, this document contains "forward-looking statements."
Actual events or results or the actual performance of NBPE may differ
materially from those reflected or contemplated in such targets or
forward-looking statements