RCS - NB Private Equity - Edison issues initiation on NB Private Equity

NB Private Equity PartnersAnnouncement

14/10/2020 14:20

RNS Number : 0990C
  
NB Private Equity Partners Limited
  
14 October 2020
  
 

 
London, UK, 14 October 2020
Edison issues initiation on NB Private Equity Partners (NBPE)
In recent years, NB Private Equity Partners (NBPE) has largely become a play on direct co-investments (currently 87% of the portfolio, largely in North America). This positioning provides access to investments alongside top general partners (GPs) with a single-layer fee structure while at the same time allowing NBPE to be selective in terms of investments, with its direct co-investment portfolio achieving three- and five-year gross IRRs to end-August 2020 of 12.0% and 13.6% pa in US dollar terms, respectively. It also allows NBPE to keep a lower level of unfunded commitments, which are currently fully covered by available liquidity (184% adjusted coverage).
 
NBPE's shares trade at a relatively wide discount of 25% (compared to the peer average of c 21%), which translates into an attractive dividend yield of 4.5%. NBPE was able to maintain its dividend policy in the current challenging environment.  

Click here to view the full report.
 
All reports published by Edison are available to download free of charge from its website
www.edisongroup.com
About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. 
For more information please contact Edison:
Milosz Papst, +44 (0) 20 3077 5700
Michal Mordel, +44 (0) 20 3077 5700
investmenttrusts@edisongroup.com
 
Learn more at www.edisongroup.com and connect with Edison on:  
LinkedIn        https://www.linkedin.com/company/edison-investment-research 
Twitter           www.twitter.com/Edison_Inv_Res 
YouTube       www.youtube.com/edisonitv 

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