NB Private Equity Partners Monthly Net Asset Value Update for November 2009 - Investor Conference Call Scheduled for 16 December 2009

12/9/2009, 6:13 PM (Source: GlobeNewswire)
9 December 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"). In order to discuss the
Company's recent announcements and financial performance, NBPE will
host an investor conference call at 15.30 CET / 14.30 GMT / 9.30am
EST on Wednesday, 16 December 2009.

Monthly NAV Update

As of 30 November 2009, NBPE's unaudited NAV per share was $8.99,
representing an increase of 2.5% compared to the unaudited NAV per
share of $8.78 at 31 October 2009.

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

* 20% of the private equity fair value was held in credit-related
fund investments that were re-valued as of 30 November 2009
* 8% of the private equity fair value was held in publicly traded
securities that were re-valued as of 30 November 2009
* 57% of the private equity fair value was held in private equity
funds using valuation information through 30 September 2009
* 15% of the private equity fair value was held in private
co-investments using valuation information through 30 September
2009
* Less than 1% of the private equity fair value was held in private
equity funds using valuation information through 30 June 2009

During November, NBPE's portfolio value increased due to $2.0 million
of unrealized gains on credit-related fund investments, $1.1 million
of unrealized gains related to public equity securities and $0.5
million of positive foreign exchange adjustments. In addition, net
unrealized gains of $7.8 million were attributable to the receipt of
Q3 2009 valuation information for certain fund investments.

NBPE 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 November 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.

Investor Conference Call

The investor conference call will be held at 15.30 CET / 14.30 GMT /
9.30am EST on Wednesday, 16 December 2009. The call can be accessed
by dialing +1-866-919-8155 (U.S.) or +1-706-634-9866 (International)
with the access code 46267672. Please ask for "the NBPE investor
call."

A playback facility will be available two hours after the conference
call. This facility can be accessed by dialing +1-800-642-1687 (U.S.)
or +1-706-645-9291 (International). The code to access the recording
is 46267672.

An investor presentation will be published on the Company's website
prior to the conference call on 16 December 2009.

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.

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