In this episode of Trust Issues, we speak to Paul Daggett, co-manager of Neuberger Private Equity Partners, about the investment case for private equity, why he's seeing bright spots within NBPE's portfolio and how management assesses AI risk when investing. 00:00 Introduction 00:59 Bright spots in the performance of NBPE's underlying portfolio 02:41 How younger vintages are outperforming and why it's crucial to refresh the portfolio 05:25 What is a mid-life co-investment and why are they so attractive to NBPE today? 08:22 How NBPE's portfolio might look in five years' time 10:17 How much opportunity is there out there for new deals? 11:50 What are the three different types of co-investments? 13:25 Why the decision to increase in gearing came about 16:06 The outlook for realisation activity 18:07 How management assesses the risk of AI disruption to portfolio companies and new investments 21:38 The importance of diversification and why NBPE complements a portfolio of public equity funds 24:18 How much opportunity and innovation do you see within European private markets? 25:18 Further information 25:45 Risk warning Our latest note on NBPE - https://www.trustintelligence.co.uk/investor/articles?fund_id=1 NBPE website - https://www.neubergerprivateequitypartners.com/en/ Please note that this podcast was recorded on 6 August 2026.
