Company summary
NB Private Equity Partners is a listed investment company giving shareholders diversified exposure to private-equity-backed businesses. It invests mainly through direct co-investments selected by Neuberger Berman.
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NBPE
NB Private Equity Partners
Collective Investments
- Index
- FTSE 250
- ISIN
- Not specified
- Book status
- 2026 edition — current
Key activities
Direct private-equity investments, selective private debt and fund interests, portfolio realisations, reinvestment and capital returns through semi-annual dividends and share buybacks.
Key markets
Private companies mainly in North America and Europe across technology, business services, healthcare, consumer and industrial sectors.
Key drivers
Portfolio-company earnings growth, private valuations, exit activity, realisations, cash distributions, share buybacks and narrowing of the discount between share price and NAV.
Key risks
Illiquidity, private-asset valuation uncertainty, leveraged portfolio companies, delayed exits, economic downturns, currency movements and a persistent large discount to net asset value.
Recent Developments
30 June 2026: NAV was $27.48, or £20.70, per share. Twelve-month NAV total return was 1% and the shares remained at a substantial discount, keeping capital allocation and continued buybacks important elements of the investment case.
Dividend notes
Pays semi-annually and targets an annualised dividend yield of about 3% of NAV. The second-half 2026 dividend is $0.47 per share, went ex-dividend on 16 July and is due for payment on 28 August.
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