REG-NB Private Equity Partners Limited : NB Private Equity Partners Limited Announce January 2016 Monthly NAV <Origin Href="QuoteRef">NBPE.L</Origin>

NB Private Equity PartnersAnnouncement

11/02/2016 07:10

THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED
STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS 
 
 11 February 2016 
 
 NB Private Equity Partners Limited ("NBPE" or the "Company"), a closed-end
private equity investment company, today announced an updated Net Asset Value
("NAV") for the month ended 31 January 2016. 
 
 Key Highlights 
 
* Monthly, year to date and LTM NAV development: 

 
                                               Month     31 Jan 16 YTD    31 Jan 16 LTM   
                                                                                       
  Total return NAV development per Share  1     (1.0%)    (1.0%)           4.0%            
  NAV development per Share                     (3.3%)    (3.3%)           (2.5%)          
* $0.25 per Share dividend declared on 25 January 2016, to be paid on 29
February 2016. 
   
* Option to receive dividends paid in Sterling currency and a dividend
re-investment option are available to Shareholders 
   
* Sterling dividend currency election for UK Shareholders to receive dividends
in Sterling 
* Dividend re-investment plan for Shareholders who prefer to focus on the
generation of capital gains through re-investment of dividend proceeds in
additional shares 
* Election deadline for both programs is 12 February 2016 
* Election forms for both programs can be found under the dividend information
section on NBPE's website at www.nbprivateequitypartners.com 
   


* 31 January 2016 NAV per Share of $13.89 (including impact of a $0.25 per
Share dividend declared), down from $14.37 NAV per Share at 31 December 2015 
   
* -1.0% decline in total return NAV per Share. -3.3% decrease in NAV during
the month to $677.7 million, (31 December 2015: $701.2 million). Unrealised
gains from accrued cash and payment-in-kind ("PIK") interest were offset by
losses from the receipt of new valuation information, public securities,
foreign exchange and other expenses 
   
* NBPE's NAV decrease of $23.4 million during the month included: 
   
* $12.2 million of a declared dividend, or ($0.25) per share 
* $2.4 million of accrued cash and PIK interest from the income investment
portfolio, 



 
                    or $0.05 per share 
 
* $0.9 million of negative foreign exchange adjustments, or ($0.02) per share 
* $5.9 million of unrealised losses on public securities, or ($0.12) per share

* $6.7 million of unrealised losses attributable to the receipt of new
valuation information, or ($0.14) per share 
* $0.3 million of net losses from other realised gains, investment income, and
expenses, 

 
                    or ($0.01) per share 
 
 Portfolio Valuation 
 
 The value of NBPE's private equity portfolio as of 31 January 2016 was based
on the following information  2  : 
 
* 45% of the private equity fair value was valued as of 31 January 2016 
* 37% in private direct investments 
* 6% in public securities 
* 2% in credit-related fund investments 
   


* 14% of the private equity fair value was valued as of 31 December 2015 
* 7% in fund investments 
* 7% in private direct investments 
   


* 41% of the private equity fair value was valued as of 30 September 2015 
* 29% in private direct investments 
* 12% in fund investments 



 
 Portfolio commentary 
 During January, NBPE participated in two new income investments including
MedAssets, a healthcare performance improvement company, and a generic
pharmaceutical company. NBPE also participated in an equity co-investment in
GC Services, a provider of call center management and collection agency
services. 
 
 In terms of distributions, NBPE received $20.7 million from equity
co-investments, primarily driven by the distribution and subsequent sale of
Sabre stock. This was NBPE's single largest holding and the full exit produced
a strong outcome. Following this sale, public stock exposure has fallen to 6%
as of 31 January 2016. Income investments distributed $4.7 million to NBPE
during January, consisting of principal and interest, and NBPE also received
$0.5 million from fund investments during the month. 
 
 For further information, please contact: 
 
 NBPE Investor Relations          +1 214 647 9593 
             
 Neustria Partners                     +44 20 3021 2580 
 Nick Henderson                        
Nick.Henderson@neustriapartners.com 
 Robert Bailhache                      
Robert.Bailhache@neustriapartners.com 
 Charles Gorman                       
Charles.Gorman@neustriapartners.com 
 
 
  1  Assumes reinvestment of dividends on the ex-dividend date and reflects
cumulative returns over time period shown. 
 
 2 P lease refer to the valuation methodology section of the interim report
for a description of our valuation policy. While some valuation data is as of
31 December and 30 September 2015, our analysis and historical experience lead
us to believe that this approximates fair value at 31 January 2016. 
 NB PEP January 2016 Monthly NAV 


 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: NB Private Equity Partners Limited via Globenewswire 
 HUG#1985353