Stock Market – NB Personal Fairness: Month-to-month NAV Replace
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NB Personal Fairness Companions Publishes October 2020 NAV Replace
16 November 2020
NB Personal Fairness Companions Restricted (“NBPE” or the “Company”), a closed-end non-public fairness funding firm, as we speak introduced an up to date Internet Asset Worth (“NAV”) estimate for the month ended 31 October 2020.
|(Returns in USD)||Month||31 Oct-20
|Whole return NAV growth
|NAV growth per Share||4.5%||0.0%||1.6%|
- NBPE’s NAV elevated by $38.6 million in October 2020 pushed by:
- $44.2 million of good points, or $0.94 per share, attributable to personal valuation will increase
- $3.6 million of unrealised losses, or $0.08 per share, primarily attributable to unrealised adverse international exchange changes on non-USD investments, public valuations and different mark to market changes
- $2.eight million of bills, $0.05 per share, attributable to administration and different price accruals, and credit score facility curiosity and bills
- $0.eight million of accrued cash and PIK curiosity from the revenue portfolio, or $0.02 per share
The value of NBPE’s non-public fairness portfolio as of 31 October 2020 was primarily based on the next data2:
- 13% of the non-public fairness honest value was valued as of 31 October 2020
- 7% in public securities
- 6% in non-public direct debt investments
- 43% of the non-public fairness honest value was valued as of 30 September 2020
- 43% in non-public direct fairness investments
- 1% of the non-public fairness honest value was valued as of 31 July 2020
- 1% in non-public direct fairness investments
- 43% of the non-public fairness honest value was valued as of 30 June 2020
- 42% in non-public direct fairness investments
- 1% in fund investments
Throughout October, NBPE acquired $17.1 million of complete realisations of which $14.Three million was from direct fairness investments. This was pushed by $7.9 million acquired from Closing Web site because of a partial sale of the corporate. As well as, NBPE acquired $6.Four million of different partial direct fairness realisations, together with $2.Zero million from an undisclosed enterprise providers firm, $1.6 million from the partial sale of public stock in Avantor (NYSE: AVTR), and $2.eight million from different partial realisations. The one new investments in the course of the month have been $0.6 million of follow-on investments.
Throughout October, NBPE acquired up to date Q3 2020 non-public firm valuation data which resulted in an combination internet valuation improve of $44.2 million, or 4.7% relative to the prior month’s direct fairness portfolio valuation. Together with adjustments in public valuations, FX and bills throughout October, NBPE’s NAV per share elevated 4.5% in the course of the month. Roughly 43% of the non-public firm valuation data on this report stays as of 30 June 2020 which might be up to date within the coming weeks as extra Q3 valuation data is acquired from underlying sponsors.
NBPE as we speak revealed a brand new investor presentation. The up to date investor presentation is connected and in addition accessible on NBPE’s web site at http://www.nbprivateequitypartners.com/.
For additional data, please contact:
NBPE Investor Relations +1 214 647 9593
Kaso Legg Communications +44 (0)20 3603 2803
Charles Gorman email@example.com
About NB Personal Fairness Companions Restricted
NBPE invests in direct non-public fairness investments alongside market main non-public fairness corporations globally. NB Alternate options Advisers LLC (the “Investment Manager”), an oblique wholly owned subsidiary of Neuberger Berman Group LLC, is accountable for sourcing, execution and administration of NBPE. The overwhelming majority of direct investments are made with no administration price / no carried curiosity payable to third-party GPs, providing better price effectivity than different listed non-public fairness firms. NBPE seeks capital appreciation by way of development in internet asset value over time whereas paying a bi-annual dividend.
LEI quantity: 213800UJH93NH8IOFQ77
About Neuberger Berman
Neuberger Berman, based in 1939, is a non-public, unbiased, employee-owned funding supervisor. The agency manages a spread of methods—together with fairness, fastened revenue, quantitative and multi-asset class, non-public fairness, actual property and hedge funds—on behalf of establishments, advisors and particular person buyers globally. With workplaces in 24 nations, Neuberger Berman’s numerous crew has over 2,300 professionals. For six consecutive years, the corporate has been named first or second in Pensions & Investments Finest Locations to Work in Cash Administration survey (amongst these with 1,000 staff or extra). In 2020, the PRI named Neuberger Berman a Chief, a designation awarded to fewer than 1% of funding corporations for excellence in Environmental, Social and Governance (ESG) practices. The PRI additionally awarded Neuberger Berman an A+ in each eligible class for our strategy to ESG integration throughout asset courses. The agency manages $374 billion in consumer property as of September 30, 2020. For extra data, please go to our web site at www.nb.com.
This press launch seems as a matter of file solely and doesn’t represent a proposal to promote or a solicitation of a proposal to buy any safety.
NBPE is established as a closed-end funding firm domiciled in Guernsey. NBPE has acquired the mandatory consent of the Guernsey Monetary Providers Fee. The value of investments may fluctuate. Outcomes achieved up to now aren’t any assure of future outcomes. This doc just isn’t supposed to represent authorized, tax or accounting recommendation or funding suggestions. Potential buyers are suggested to hunt professional authorized, monetary, tax and different skilled recommendation earlier than making any funding resolution. Statements contained on this doc that aren’t historic info are primarily based on present expectations, estimates, projections, opinions and beliefs of NBPE’s funding supervisor. Such statements contain recognized and unknown dangers, uncertainties and different elements, and undue reliance shouldn’t be positioned thereon. Moreover, this doc comprises “forward-looking statements.” Precise occasions or outcomes or the precise efficiency of NBPE may differ materially from these mirrored or contemplated in such targets or forward-looking statements.
1 Assumes reinvestment of dividends on the ex-dividend date and displays cumulative returns over time interval proven.
2 Please confer with the valuation methodology part of the month-to-month report for an outline of the Supervisor’s valuation methodology. 43% of underlying valuation knowledge is as of 30 June 2020. Given the present market / financial atmosphere the Supervisor notes that whereas this valuation knowledge may be stale, it stays the most effective estimate we’re at present in a position to present however may not precisely mirror the honest value at 31 October 2020.
- NBPE October Month-to-month NAV Replace vF
- NBPE Investor Presentation – November 2020vF
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