NB Private Equity Partners Updates April Monthly NAV Estimate
NB Private Equity Partners (NBPE), a prominent private equity investment company managed by Neuberger Berman, has provided its monthly net asset value (NAV) estimate for April. As of April 30, 2025, the company's NAV per share stood at $27.29, reflecting a total return of 0.4% for the month.
Highlights from the NAV Estimate
The following key points summarize the NAV estimate:
- NAV per share was $27.29, with a total return of 0.4% in April.
- About 62% of NAV is derived from fair value based on private company valuations as of Q1.
- Valuations of private companies contributed to a 0.4% increase in fair value during Q1.
- Additional financial updates from Q1 will be integrated into upcoming NAV updates.
- As of April 30, 2025, NBPE had $307 million in available liquidity.
- A total of approximately 151,000 shares were repurchased in April at an average discount of 33%, which positively impacted NAV by around $0.02 per share.
Performance Metrics As of April 30, 2025
Here are the key performance metrics:
- NAV Total Return (USD): 0.8% YTD; 3.4% over one year; 4.1% annually over three years; 87.7% over five years; 160.7% over ten years.
- MSCI World TR Total Return: -0.8% YTD; 12.6% annually over one year; 39.0% over three years.
- FTSE All-Share TR Total Return: 4.3% YTD; 7.5% annually over one year; 22.6% over three years.
Portfolio Update and Highlights
In reviewing portfolio performance, several factors contributed to the NAV changes:
- A 1.1% NAV increase was attributed to favorable foreign exchange movements.
- There was a 0.9% decrease in NAV due to changes in the prices of publicly traded holdings.
- The value of private holdings increases contributed 0.3% to NAV.
- Expense accruals led to a 0.2% reduction in NAV.
Liquidity Position and Share Buybacks
NBPE's liquidity position remains strong:
- The firm had $307 million in total liquidity, comprising $97 million in cash and liquid investments.
- In 2025 to date, total realizations amounted to $53 million, with $6 million in the month of April alone primarily from full and partial realizations of holdings such as GFL and Inflection Energy.
- The company executed around 680,000 shares repurchased year to date, contributing to an accretive effect of $0.10 per share on NAV.
Portfolio Valuation Insights
As of the end of April, the valuation of NBPE's portfolio displayed the following distributions:
- 5% valued at April 30, 2025, in public securities.
- 57% based on March 31, 2025, in private direct investments.
- 38% based on December 31, 2024, primarily in private direct investments.
Geographic and Industry Diversification
NBPE's portfolio is geographically and sectorally diversified:
- 78% of the portfolio is in North America, while 22% in Europe, and 1% is allocated to Asia and the rest of the world.
- In terms of industry, the portfolio includes a mix of Tech, Consumer, Industrials, Financial Services, and more, with 23% in Tech and Media, and 22% in Consumer and E-commerce.
About NB Private Equity Partners Limited
NB Private Equity Partners focuses on investing in direct private equity alongside leading firms across the globe, following an approach that minimizes management fees to maximize investment returns. The company is committed to increasing net asset value over time while offering a bi-annual dividend. As of now, the firm continues to thrive under the management of Neuberger Berman.
Frequently Asked Questions
What is the recent NAV per share for NBPE?
The recent NAV per share for NBPE, as of April 30, 2025, is $27.29.
How much liquidity does NBPE have as of April 2025?
NBPE has a total liquidity of approximately $307 million as of April 30, 2025.
What are the primary factors affecting NAV in April?
The NAV was affected by foreign exchange gains, valuation changes in public holdings, and accruals for expenses.
What is NBPE's investment focus?
NBPE invests in direct private equity alongside top private equity firms, aiming for growth in net asset value and providing dividends.
Who manages NBPE?
NBPE is managed by Neuberger Berman, an esteemed independent investment manager.
