28th Apr 2025 10:39
(Alliance News) - NB Private Equity Partners Ltd on Monday said it is well-positioned to perform across a range of economic scenarios, despite recent market volatility and uncertainty.
NB Private Equity is a Guernsey-based private equity investment company managed by Neuberger Berman Group LLC, a New York-headquartered investment management firm.
The company reported net asset value per share of USD27.53, or GBP21.98, as of December 31, down from USD28.07, or GBP22.02 a year prior.
Including dividend payments, NB Private Equity provided a 1.5% NAV total return in 2024, "driven by an increase in private valuations, [but] offset by quoted holdings and FX". This compared to a 19.2% return from the MSCI world index and 9.5% from the FTSE all-share.
NB Private Equity paid 94 US cents per share in dividend during 2024, the same as in 2023.
"Despite a more challenging environment for private equity exits, NBPE delivered solid realisations in 2024, generating USD179 million in proceeds – equivalent to 14% of the portfolio's opening fair value," said Peter Von Lehe, managing director & head of investment solutions & strategy at Neuberger Berman.
NBPE ended the year in a "strong financial position", with USD283 million of available liquidity and an investment level of 102%, which is at the lower end of the long-term target investment level range of 100% to 110%.
Paul Daggett, managing director of Neuberger Berman said: "Despite recent market volatility and uncertainty, we remain confident that NBPE is well-positioned to perform across a range of economic scenarios. The portfolio remains well-diversified across our two key themes, and we believe it is well-positioned to continue to deliver growth over the long term."
NB Private Equity shares were 1.4% higher at 1,468.20 pence each on Monday morning in London.
By Tom Budszus, Alliance News slot editor
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