Strong growth in net asset value leads to 32% dividend growth

THE INFORMATION CONTAINED HEREIN IS NOT FOR DISTRIBUTION, PUBLICATION OR DISTRIBUTION IN AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, UNITED STATES OR ANY OTHER COUNTRY OF SUCH JURISDICTIONS

Strong growth in net asset value leads to 32% dividend growth

July 15, 2021

Strong points:

  • Semi-annual dividend of $ 0.41 per share, a 32% increase over the February 2021 dividend

  • The significant increase is due to the 22% growth in the Company’s NAV1 year to date

  • The increase brings the annualized dividend yield on the NAV to 3.0%, in accordance with the declared dividend policy of the Company; the annualized share price return is 4.2% based on the closing price of £ 14.25 on July 14, 2021.

William Maltby, Chairman, said: “This payment represents the Company’s eighth dividend increase since 2013, resulting in a compound annual dividend growth rate of 8.8%. The Company’s portfolio has performed exceptionally well – its value increased by over 22% in the first six months of the year alone. The manager has built a portfolio of private companies alongside some of the world’s leading private equity managers. Value creation by the major private equity managers has been significant and continues in this maturing portfolio and the growth in the Company’s net asset value reflects this directly. In addition, the Company’s realization activity in 2021 clearly demonstrates the capacity of this portfolio to generate very successful achievements. The directors and I are pleased to increase the dividend in line with the company’s commitment to distribute 3.0% of NAV per year to shareholders. “

Although the Company declares dividends in US dollars, Shareholders will receive dividends in pounds sterling at the rate in effect at the time of the currency conversion, unless an election to receive dividends in US dollars is made on forms. available on the NBPE website before the date of the currency selection. listed below. If an investor has previously elected to receive US dollars, that choice will be used unless changed. Investors can also participate in a dividend reinvestment plan (forms of which are available on the NBPE website) if they wish to increase their participation instead of receiving cash dividends.

Distribution amount:

$ 0.41 per share

Ex-dividend date:

July 22, 2021

Dividend registration date:

July 23, 2021

Last day for currency election:

August 6, 2021

Last day for the choice of the dividend reinvestment plan:

August 13, 2021

Payment date:

August 31, 2021

For more information, please contact:

NBPE Investor Relations +1 214 647 9593

Kaso Legg Communications +44 (0) 20 3995 6673
Charles Gorman nbpe@kl-communications.com

About NB Private Equity Partners Limited
NBPE invests in direct private equity investments alongside leading global private equity firms. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for the sourcing, execution and management of NBPE. The vast majority of direct investments are made without management fees / deferred interest payable to third party GPs, offering greater cost efficiency than other listed private equity firms. NBPE seeks capital appreciation through growth in net asset value over time while paying a semi-annual dividend.

LEI number: 213800UJH93NH8IOFQ77

About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent and employee-owned investment manager. The company manages a range of strategies, including equities, fixed income, quantitative and multi-asset classes, private equity funds, real estate and hedge funds, on behalf of institutions, advisers and individual investors around the world. With offices in 25 countries, Neuberger Berman’s diverse team consists of more than 2,300 professionals. For seven consecutive years, the company has been named first or second in the Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 or more employees). In 2020, the PRI named Neuberger Berman Leader, a designation awarded to less than 1% of investment firms for excellence in their environmental, social and governance (ESG) practices. The PRI also awarded Neuberger Berman an A + in each eligible category for our approach to ESG integration across all asset classes. The company manages $ 429 billion in client assets as of March 31, 2021. For more information, please visit our website at www.nb.com.

This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities.

NBPE is an investment company with fixed capital domiciled in Guernsey. NBPE has received the necessary consent from the Guernsey Financial Services Commission. The value of investments can fluctuate. Results obtained in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Potential investors are advised to seek professional legal, financial, tax and other advice before making any investment decision. Statements contained in this document that are not historical facts are based on the current expectations, estimates, projections, opinions and beliefs of NBPE’s investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and should not be relied on unduly. In addition, 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 these objectives or forward-looking statements.

1 The 22.2% year-to-date total NAV return is a revised figure from the 23.6% year-to-date total NAV return reported on July 13, 2021.


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