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| Date | 2 Mar 2026 |
| Time | 07:00:00 |
| Category | Net Asset Value(s) |
| ID | nsm:d11b532d-c344-4668-a1c7-0dac4010730c.html |
Disseminated via GNW on 2 March 2026
NBPE Announces January Monthly NAV Estimate
St Peter Port, Guernsey, 2 March 2026
NB Private Equity Partners (NBPE), the $1.2bn0F1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 31 January 2026 monthly NAV estimate.
NAV Highlights (31 January 2026)
| As of 31 January 2026 | YTD | 1 Year | 3 years | 5 years | 10 years |
| NAV TR (USD)* Annualised |
1.1% | 5.5% | 8.5% 2.8% |
46.5% 7.9% |
172.2% 10.5% |
| MSCI World TR (USD)* Annualised |
2.3% | 20.1% | 72.2% 19.9% |
87.4% 13.4% |
260.7% 13.7% |
| Share price TR (GBP)* Annualised |
(5.1%) | 1.9% | 8.2% 2.7% |
58.7% 9.7% |
228.3% 12.6% |
| FTSE All-Share TR (GBP)* Annualised |
3.1% | 21.1% | 44.5% 13.1% |
80.8% 12.6% |
137.6% 9.0% |
* All NBPE performance figures assume re-investment of dividends on the ex-dividend date and reflect cumulative returns over the relevant time periods shown. Three-year, five-year and ten-year annualised returns are presented for USD NAV, MSCI World (USD), GBP Share Price and FTSE All-Share (GBP) Total Returns.
Portfolio Update to 31 January 2026
NAV performance during the month primarily driven by private company valuations and FX
$4 million of realisations received in 2026
No new direct investments in January 2026; $3 million of follow-on investments
Well positioned to take advantage of opportunities with $291 million of total liquidity at 31 January 2026
Continued buybacks in January 2026
Portfolio Valuation
The fair value of NBPE’s portfolio as of 31 January 2026 was based on the following information:
For further information, please contact:
NBPE Investor Relations +44 (0) 20 3214 9002
Luke Mason [email protected]
Kaso Legg Communications +44 (0)20 3882 6644
Charles Gorman [email protected]
Luke Dampier
Charlotte Francis
Supplementary Information (as of 31 January 2026)
| Company Name | Vintage | Lead Sponsor | Sector | Fair Value ($m) | % of FV |
| Action | 2020 | 3i | Consumer | 76.9 | 6.3% |
| Osaic | 2019 | Reverence Capital | Financial Services | 69.8 | 5.7% |
| Solenis | 2021 | Platinum Equity | Industrials | 65.1 | 5.3% |
| Monroe Engineering | 2021 | AEA Investors | Industrials | 59.8 | 4.9% |
| Mariner | 2024 | Leonard Green & Partners | Financial Services | 45.4 | 3.7% |
| FDH Aero | 2024 | Audax Group | Industrials | 43.6 | 3.6% |
| BeyondTrust | 2018 | Francisco Partners | Technology / IT | 42.3 | 3.5% |
| Business Services Company* | 2017 | Not Disclosed | Business Services | 41.4 | 3.4% |
| True Potential | 2022 | Cinven | Financial Services | 39.9 | 3.3% |
| Branded Cities Network | 2017 | Shamrock Capital | Communications / Media | 37.2 | 3.1% |
| Constellation Automotive | 2019 | TDR Capital | Business Services | 36.1 | 3.0% |
| Marquee Brands | 2014 | Neuberger Berman | Consumer | 32.5 | 2.7% |
| Staples | 2017 | Sycamore Partners | Business Services | 31.3 | 2.6% |
| Auctane | 2021 | Thoma Bravo | Technology / IT | 29.4 | 2.4% |
| Engineering | 2020 | Renaissance Partners / Bain Capital | Technology / IT | 27.6 | 2.3% |
| GFL (NYSE: GFL) | 2018 | BC Partners | Business Services | 27.5 | 2.3% |
| Benecon | 2024 | TA Associates | Healthcare | 27.1 | 2.2% |
| Agiliti | 2019 | THL | Healthcare | 25.3 | 2.1% |
| Viant | 2018 | JLL Partners | Healthcare | 24.2 | 2.0% |
| AutoStore (OB.AUTO) | 2019 | THL | Industrials | 24.1 | 2.0% |
| Excelitas | 2022 | AEA Investors | Industrials | 24.1 | 2.0% |
| Kroll | 2020 | Further Global / Stone Point | Financial Services | 23.9 | 2.0% |
| Fortna | 2017 | THL | Industrials | 21.4 | 1.8% |
| CH Guenther | 2021 | Pritzker Private Capital | Consumer | 20.3 | 1.7% |
| Addison Group | 2021 | Trilantic Capital Partners | Business Services | 19.9 | 1.6% |
| Solace Systems | 2016 | Bridge Growth Partners | Technology / IT | 19.0 | 1.6% |
| Real Page | 2021 | Thoma Bravo | Technology / IT | 18.8 | 1.5% |
| Chemical Guys | 2021 | AEA Investors | Consumer | 17.0 | 1.4% |
| Qpark | 2017 | KKR | Transportation | 16.9 | 1.4% |
| Bylight | 2017 | Sagewind Partners | Technology / IT | 13.1 | 1.1% |
| Total Top 30 Investments | $1,001.0 | 82.2% |
*Undisclosed company due to confidentiality provisions.
| Geography | % of Portfolio |
| North America | 77% |
| Europe | 23% |
| Total Portfolio | 100% |
| Industry | % of Portfolio |
| Industrials / Industrial Technology | 23% |
| Tech, Media & Telecom | 20% |
| Consumer / E-commerce3 | 16% |
| Financial Services | 16% |
| Business Services | 13% |
| Healthcare | 9% |
| Other | 4% |
| Total Portfolio | 100% |
| Vintage Year | % of Portfolio |
| 2016 & Earlier | 7% |
| 2017 | 15% |
| 2018 | 13% |
| 2019 | 14% |
| 2020 | 12% |
| 2021 | 18% |
| 2022 | 7% |
| 2023 | 2% |
| 2024 | 10% |
| 2025 | 2% |
| Total Portfolio | 100% |
About NB Private Equity Partners Limited
NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.
LEI number: 213800UJH93NH8IOFQ77
About Neuberger Berman
Neuberger is an employee-owned, private, independent investment manager founded in 1939 with approximately 3000 employees across 27 countries. The firm manages $563 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger's investment philosophy is founded on active management, fundamental research and engaged ownership. The firm is proud to be recognized for its commitment to its two constituents, clients and employees. Again in 2025, we were named Best Asset Manager for Institutional Investors in the US (Crisil Coalition Greenwich) and the #1 Best Place to Work in Money Management (Pensions & Investments, firms with more than 1,000 employees). Neuberger has no corporate parent or unaffiliated external shareholders. Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of December 31, 2025.
1 Based on net asset value.
2 Based on information received to-date and may be subject to change.
3 One company was reclassified from consumer to industrials in the period.
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