NB Private Equity Partners Monthly Net Asset Value Update for October 2009

11/11/2009, 8:55 AM (Source: GlobeNewswire)
11 November 2009

NB Private Equity Partners Limited ("NBPE" or "the Company"), a
closed-end private equity fund of funds investment company, today
announced an updated Net Asset Value ("NAV").

As of 31 October 2009, NBPE's unaudited NAV per share was $8.78,
representing an increase of 1.5% compared to the unaudited NAV per
share of $8.64 at 30 September 2009.

The value of NBPE's private equity portfolio as presented in the
October 2009 monthly report was based on the following information:

* 21% of the private equity fair value was held in credit-related
fund investments that were re-valued as of 31 October 2009
* 7% of the private equity fair value was held in publicly traded
securities that were re-valued as of 31 October 2009
* 32% of the private equity fair value was held in private equity
funds using valuation information through 30 September 2009
* 17% of the private equity fair value was held in private
co-investments using valuation information through 30 September
2009
* 23% of the private equity fair value was held in private equity
funds using valuation information through 30 June 2009

During October, NBPE's portfolio value increased due to $2.4 million
of unrealized gains on credit-related fund investments and $0.1
million of positive foreign exchange adjustments. These gains in
value were offset by $1.8 million of unrealized losses related to
public equity securities. In addition, net unrealized gains of $6.9
million were attributable to the receipt of Q3 2009 valuation
information for certain fund investments and private co-investments.

During October, NBPE agreed to co-invest alongside Neuberger Berman's
secondary fund in the purchase of a portfolio of private equity fund
investments and co-investments at a discount to net asset value. The
portfolio is well diversified by asset class, vintage year and
sponsor, and will provide NBPE with a total private equity exposure
of $7.4 million. The transaction has not yet closed.

NBPE expects to issue an interim management report for the nine month
period ended 30 September 2009 later this week. The Company is
required to consider, and will consider, all known material
information in preparing such management report, including
information that may become known subsequent to the issuance of this
monthly report. Accordingly, amounts included in the interim
management report may differ from this monthly report.

NBPE also expects to continue to provide regular NAV updates within
seven business days of each month's end.

A breakdown of NBPE's NAV can be obtained in the October 2009 monthly
report, which is published on the Company's website at
www.nbprivateequitypartners.com. The monthly report should be read
in conjunction with this announcement.

For further information, please contact:


NBPE Investor Relations +1 214 647 9593

Financial Dynamics +44 20 7269 7114
Rob Bailhache
Nick Henderson


About NB Private Equity Partners Limited
NBPE is a closed-end private equity fund of funds investment company
admitted to trading on Euronext Amsterdam and the Specialist Fund
Market of the London Stock Exchange. NBPE holds a diversified
portfolio of private equity fund investments and direct
co-investments selected by the NB Alternatives group of Neuberger
Berman, diversified across private equity asset class, geography,
industry, vintage year and sponsor.


This press release appears as a matter of record only and does not
constitute an offer to sell or a solicitation of an offer to purchase
any security.

NBPE is established as a closed-end investment company domiciled in
Guernsey. NBPE has received the necessary consent of the Guernsey
Financial Services Commission and the States of Guernsey Policy
Council. NBPE is registered with the Dutch Authority for the
Financial Markets as a collective investment scheme which may offer
participations in The Netherlands pursuant to article 2:66 of the
Financial Markets Supervision Act (Wet op het financial toezicht).
All investments are subject to risk. Past performance is no guarantee
of future returns. The value of investments may fluctuate. Results
achieved in the past are no guarantee of future results. This
document is not intended to constitute legal, tax or accounting
advice or investment recommendations. Prospective investors are
advised to seek expert legal, financial, tax and other professional
advice before making any investment decision. Statements contained in
this document that are not historical facts are based on current
expectations, estimates, projections, opinions and beliefs of NBPE's
investment manager. Such statements involve known and unknown risks,
uncertainties and other factors, and undue reliance should not be
placed thereon. Additionally, 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
such targets or forward-looking statements.

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