NB Private Equity reports that at 30 June 2016 its NAV was $14.61, up from $14.35 per Share at 31 December 2015.
NB Private Equity’s NAV increase of $12.6 million during the first six months of 2016 included:
- – $18.4 million of yield income and dividends, or $0.38 per Share
- – $17.2 million of realised gains, or $0.35 per share, net of tax expense
- – $3.2 million of unrealised gains, or $0.06 per share, net of tax expense
- – $5.1 million of financing costs, or ($0.10) per share
- – $9.0 million of management fees, operating expenses, carried interest, and other expenses, or ($0.18) per share
- – $12.2 million of dividends paid, or ($0.25) per share
$144.7 million of distributions were received during the first six months of 2016. An additional $16.6 million of distributions were received during the month of July 2016, bringing 2016 YTD distributions to $161.3 million. They made 10 new equity investments and six new income investments completed in the first six months of 2016 totalling $78.5 million.
About NB Private Equity
NBPE is a closed-end private equity investment company with class A ordinary shares admitted to trading on Euronext Amsterdam and the Premium Segment of the Main Market of the London Stock Exchange. NBPE has 2022 ZDP Shares admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange. NBPE holds a diversified portfolio of direct equity investments, direct income investments and fund investments selected by the NB Alternatives group of Neuberger Berman, diversified across private equity asset class, geography, industry, vintage year, and sponsor.
NBPE : NB Private Equity interims