NBPE Publishes Interim Management Report for the Period Ending 30 September 2009

11/13/2009, 3:18 PM (Source: GlobeNewswire)
13 November 2009

NB Private Equity Partners Limited ("NBPE" or "the Company") today
released its Interim Management Report for the period ending 30
September 2009. This report is made pursuant to article 5:25e of the
Dutch Financial Supervision Act (Wet op het financieel toezicht)
which requirement stems from the EU Transparency Directive[1]

As of 30 September 2009, NBPE's unaudited net asset value ("NAV") per
share increased to $8.79. This represents an increase of 5.3%
compared to the unaudited NAV per share of $8.35 at 30 June 2009 and
an increase of 7.2% compared to the audited NAV per share of $8.20 at
31 December 2008.

In the third quarter, NBPE's private equity portfolio experienced net
realized losses of $4.6 million. The investment portfolio generated
net unrealized gains of $19.2 million associated with credit-related
fund investments and public equity securities and net unrealized
gains of $11.2 million related to privately held investments.
Interest and dividend income, foreign exchange translation, operating
expenses (including interest expense) and taxes in the third quarter
resulted in a $3.3 million decrease in NAV.

For the nine month period ended 30 September 2009, the investment
portfolio had net realized losses of $6.3 million. Net unrealized
gains for credit-related fund investments and public equity
securities were $36.8 million, while net unrealized losses for
privately held investments were $0.4 million. Net operating expenses
(including interest expense), treasury stock adjustments, foreign
exchange translation and taxes led to an $11.6 million decrease in
NAV during the nine month period; however, share repurchases through
the Company's Liquidity Enhancement Agreement were accretive to NAV
by $0.18 on a per share basis.

The Interim Management Report for the period ending 30 September 2009
is available on the Company's website at
www.nbprivateequitypartners.com. The Interim Management Report should
be read in conjunction with this announcement. Additional information
regarding NBPE's recent performance can be obtained in the October
2009 monthly report, which is also published on the Company's
website.


[1] Pursuant to article 5:25e and article 5:25m of the Dutch
Financial Supervision Act this Interim Management Statement has been
made generally available by means of a press release and by
publication on NBPE's website (www.nbprivateequitypartners.com) and
has been filed with the Netherlands Authority for the Financial
Markets (Autoriteit Financiële Markten).


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 State of Guernsey Policy
Counsel. 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. Prospective investors are advised to seek expert
legal, financial, tax and other professional advice before making any
investment decision. 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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