Neuberger Private Equity Partners (NBPE) investor relations material

Executive summary

• NAV per share increased to $28.13 as of 31 August 2026, with a total NAV return of 4.2% YTD, mainly driven by private valuations and share buybacks.

• $150 million in realisations announced YTD, with visibility on a further $68 million, surpassing last year's $180 million.

• Portfolio companies delivered strong LTM revenue and EBITDA growth of 11.1% and 12.1%, respectively.

• $144 million returned to shareholders YTD via dividends and buybacks, doubling last year's capital return.

• David MacLellan appointed as Chairman Designate, succeeding William Maltby in December 2026.

Financial highlights

• Private company valuations increased 2.7% YTD, with quoted holdings contributing to a 1.7% uplift in August.

• Top 10 positions represent 41–42% of portfolio NAV, with 15.7% LTM revenue and 15.5% EBITDA growth.

• NAV per share rose from $27.94 at 31 December 2025 to $28.13 at 31 August 2026.

• $144 million returned to shareholders YTD via dividends and buybacks, equating to 11.9% of opening NAV.

• Annualised dividend yield on NAV was 3.3% and 4.7% on share price as of 31 August 2026.

Outlook and guidance

• Investment level target set at 110–120% in the short to medium term, with current investment level at 115%.

• Portfolio well-positioned for future growth, leveraging a strong pipeline of co-investment opportunities and accretive share buybacks.

• Focus remains on portfolio refresh, new investments, and continued capital returns.