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NB Private Equity Partners (NBPE) investor relations material
NB Private Equity Partners CMD 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.CMD 2025 summary6 Nov, 2025
Updated capital allocation framework and financial guidance
Committed $100 million to new investments over the next 3–6 months, targeting an investment ratio of 105–110% due to confidence in the exit pipeline and market conditions.
Accelerated $120 million buyback program, with $38 million deployed year-to-date and plans to deploy remaining capital more quickly if discounts persist.
Year-to-date cash proceeds reached $165 million, a 50% increase over last year, driven by direct co-investments and a maturing portfolio.
Reaffirmed commitment to a 3% of NAV annual dividend policy, with over $525 million paid out since inception.
Maintains a strong balance sheet with $312 million in available capital and minimal outstanding commitments, supporting new investments and buybacks.
Portfolio performance and business developments
Portfolio delivered a 3.1% NAV total return year-to-date, with strong underlying operating performance and positive momentum in exit markets.
Portfolio consists of 71 direct equity investments, with the top 10 representing 40% of value and delivering 13.7% LTM revenue growth and 15.9% LTM EBITDA growth.
Realization activity up 50% year-on-year, with exits achieving a 2.7x average multiple and 17% uplift over prior valuations.
Average total MOIC for top 30 companies is 2.3x, with strong cumulative revenue and EBITDA growth since inception.
Portfolio remains diversified by geography, sector, and manager, with a focus on mid-market and large-cap companies.
Strategic outlook and market positioning
Direct co-investment model allows for flexible, deal-by-deal capital deployment, reducing risk and avoiding overcommitment.
Emphasis on value creation through operational improvements, M&A, and revenue/margin expansion rather than financial engineering.
Exit markets are improving, with expectations for increased distributions and realizations in 2026 as the portfolio matures.
Institutional and private wealth investors are increasing allocations to private equity, supporting long-term growth.
Ongoing focus on narrowing the share price discount to NAV and driving long-term shareholder value through performance and capital allocation.
Balance new investments vs. buybacks to narrow discount?
What drives 2026 exit acceleration from mature assets?
What makes mid-life co-investments attractive now?
What specific factors drive 2026 exit optimism?
How does direct co-investing reduce capital risk?
Strategy for non-top 30 portfolio companies?
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Next NB Private Equity Partners earnings date
H2 202526 Apr, 2026
Next NB Private Equity Partners earnings date
H2 202526 Apr, 2026
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Frequently asked questions
NB Private Equity Partners Limited (NBPE) is a Guernsey-based closed-ended investment company specializing in direct private equity investments. It co-invests alongside private equity sponsors, focusing on generating attractive returns through investments in the equity of private equity-backed companies. The company manages investment risk by diversifying its portfolio across various sectors, including technology, media, telecom, consumer/e-commerce, business services, and financial services. NBPE aims for diversification not only in sector but also across asset class, vintage year, geography, industry, and sponsor. The company is headquartered in Saint Peter Port, Guernsey, and its shares are listed on the London Stock Exchange.
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