Results for the Six Months to 30 June 2024
Driven by 4.3% Uplift From Private Valuations
25 September 2024
NB Private Equity Partners (NBPE), the $1.3bn1 listed private equity investment company managed by Neuberger Berman, today announces its results for the six months to 30 June 2024.
Highlights from six months to 30 June 2024
Net Assets of $1.3 bn – NAV per share of $27.87 (£22.05) a return of 1.0% in the six months
Performance driven by 4.3% increase in private company valuations (ex-FX), which have been partially offset by continued volatility in quoted holdings and foreign exchange headwinds
Positive operating performance continues with 11% aggregate weighted average LTM revenue growth and 16% aggregate LTM EBITDA growth from private companies2
Robust investment activity: $72 million invested in new and follow-on investments in the six months $126 million of proceeds received during the first six months of the year
1H 2024 dividend of $0.47 per share paid in February 2024
Well positioned to take advantage of investment opportunities with $386 million of cash / liquid investments and undrawn credit line available
As of 30 June 2024 YTD 1 Year 3 years 5 years 10 years NAV TR (USD)* Annualised 1.0% 1.4% 7.1% 2.3% 70.5% 11.3% 174.8% 10.6% MSCI World TR (USD)* Annualised 12.0% 20.8% 23.8% 7.4% 78.8% 12.3% 153.2% 9.7% Share price TR (GBP)* Annualised (1.8%) 11.7% 31.1% 9.5% 75.7% 11.9% 297.4% 14.8% FTSE All-Share TR (GBP)* Annualised 7.4% 13.0% 23.9% 7.4% 30.9% 5.5% 77.8% 5.9%
How this will effect me:
As an investor, the positive performance and robust investment activity of NB Private Equity Partners in the six months to 30 June 2024 may present opportunities for potential growth and returns on investments. The increase in private company valuations and strong operating performance indicate a promising outlook for potential dividends and overall portfolio growth.
How this will effect the world:
The success and growth of NB Private Equity Partners can have a ripple effect on the global economy by stimulating investment and business activity. As the company takes advantage of investment opportunities and continues to perform well, it can contribute to job creation, innovation, and overall economic growth in various industries and regions.
Conclusion:
In conclusion, the results for the six months to 30 June 2024 show positive performance and growth for NB Private Equity Partners. As an investor, this can mean potential opportunities for returns on investment, while on a broader scale, the company’s success can have a positive impact on the global economy. Overall, these results reflect the resilience and strength of NBPE in navigating through market volatility and seizing investment opportunities.
