Investment Powerhouse NB Private Equity Partners Purchases and Cancels 4,200 Class A Shares

In a calculated step towards increasing its financial robustness, NB Private Equity Partners, also known as NBPE, has recently completed a transaction involving its Class A shares. The company announced dates and specifics, revealing that the purchase was carried out under a share buy-back agreement with Jefferies International Limited. The transaction took place on London Stock Exchange, and the shares were paid for at a price range of £14.92 to £14.78. The move resulted in a decrease in the total number of outstanding Class A shares, down to 45,630,073 following the transaction. The company further revealed that it held 3,150,408 Class A shares in its treasury. Market entities have been advised to use the updated number of voting rights for any reporting activities as mandated by the Disclosure Guidance and Transparency Rules of the FCA. As NBPE embarks on this new chapter, it reinforces its position as an investment giant that seeks capital appreciation through consistent growth in net asset value, whilst also paying out a bi-annual dividend to its investors. By making most of its direct investments with no management fee or carried interest payable to third-party general partners, NBPE offers greater fee efficiency than its peers. Speaking of the announcement, NBPE encouraged communication through its Investor Relations department or via representatives at Kaso Legg Communications. The company reaffirmed its formidable status in private equity investment, largely attributed to its investment manager, NB Alternatives Advisers LLC, a fully owned subsidiary of Neuberger Berman Group LLC. With over 80 years of experience, Neuberger Berman remains an industry leader, managing an impressive mix of equities, fixed income, private equity, real estate, and hedge fund portfolios in 26 countries around the globe. Guided by its core principles of active management, fundamental research, and engaged ownership, the firm has made a considerable mark, earning the recognition from Pensions & Investments as one of the best places to work in money management for more than a decade, among establishments with more than 1,000 employees.