Key Takeaways
- • NB Private Equity Partners (NBPE) delivered resilient operating performance across its portfolio of investee companies in 2025, with average EBITDA metrics demonstrating stability despite market volatility.
- • Co-investment realisations totaled approximately $128 million in 2025, representing 10% of opening portfolio value—a metric indicating healthy capital deployment and return generation.
- • NBPE's low-risk private equity model generated solid returns in 2025, reinforcing the fund's strategy of investing in growing companies with emphasis on value creation rather than aggressive leverage strategies.
- • NAV per share stood at $27.12 as of the reporting period, providing a baseline for performance tracking and investor valuation.
- • The fund demonstrates forward-looking capital redeployment capacity, with management positioning the portfolio for future realizations and continued returns generation.
Summary
NB Private Equity Partners, a London-listed investment company managed by Neuberger Berman, reported 2025 annual results reflecting the resilience of its portfolio companies amid broader market conditions. The fund's investee companies maintained solid operating performance, with average EBITDA metrics confirming the underlying strength of the underlying businesses—a key indicator of operational health for private equity portfolios.
The fund achieved meaningful capital realization in 2025, with co-investment realisations reaching approximately $128 million, equivalent to 10% of the opening portfolio value. This realization rate demonstrates active portfolio management and the fund's ability to crystallize gains while maintaining a balanced exposure to growth opportunities. The level of realisations provides investors with regular capital returns while simultaneously creating capacity for new investment deployment.
NBPE's investment philosophy emphasizes a low-risk private equity model focused on value creation through organic growth and operational improvement rather than financial engineering. This strategy differentiated the fund's 2025 performance, generating good returns that reflected both the quality of underlying asset selection and disciplined portfolio management by Neuberger Berman's private markets platform. The fund leverages the strength of Neuberger Berman's investment relationships and operational infrastructure to identify and develop growing companies across its portfolio.
As of the reporting date, NBPE's NAV per share reached $27.12, establishing the fund's valuation baseline. Management's forward guidance emphasizes positioning the portfolio for future realizations, suggesting continued active management and opportunistic capital deployment in coming periods. The combination of resilient operating performance, measurable realisations, and a disciplined value-creation approach positions NBPE to deliver sustained returns to institutional investors seeking exposure to private equity with risk-controlled characteristics.
The fund achieved meaningful capital realization in 2025, with co-investment realisations reaching approximately $128 million, equivalent to 10% of the opening portfolio value. This realization rate demonstrates active portfolio management and the fund's ability to crystallize gains while maintaining a balanced exposure to growth opportunities. The level of realisations provides investors with regular capital returns while simultaneously creating capacity for new investment deployment.
NBPE's investment philosophy emphasizes a low-risk private equity model focused on value creation through organic growth and operational improvement rather than financial engineering. This strategy differentiated the fund's 2025 performance, generating good returns that reflected both the quality of underlying asset selection and disciplined portfolio management by Neuberger Berman's private markets platform. The fund leverages the strength of Neuberger Berman's investment relationships and operational infrastructure to identify and develop growing companies across its portfolio.
As of the reporting date, NBPE's NAV per share reached $27.12, establishing the fund's valuation baseline. Management's forward guidance emphasizes positioning the portfolio for future realizations, suggesting continued active management and opportunistic capital deployment in coming periods. The combination of resilient operating performance, measurable realisations, and a disciplined value-creation approach positions NBPE to deliver sustained returns to institutional investors seeking exposure to private equity with risk-controlled characteristics.
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