NB Private Equity Partners reported a 1.9% net asset value total return in U.S. dollar terms for the first half, or 3.4% in sterling, as private investment valuation gains offset a limited number of markdowns across the portfolio. The company also said its August monthly NAV rose 1.7%, primarily driven by gains in quoted holdings, and that NAV total return for the eight months ended Aug. 31 was 4.2%. Portfolio companies continued to post double-digit operating growth, with weighted-average last-12-month revenue growth of 11.1% and EBITDA growth of 12.1%, compared with 9.1% and 9.7% respectively at year-end. NB Private Equity Partners announced $150 million of first-half realizations, representing 12% of opening portfolio NAV, of which $92 million had been received and $58 million remained outstanding from signed transactions, with visibility on an additional $68 million of proceeds expected over the coming months. The company invested $104 million across six new portfolio companies in the first half and subsequently committed a further $60 million, bringing total commitments for 2026 to approximately $164 million across nine portfolio companies, including more than $50 million across three unnamed AI-focused growth equity investments. NB Private Equity Partners returned $144 million to shareholders year to date, equal to about 12% of opening NAV and roughly double the $62 million returned a year earlier, and announced the appointment of David MacLellan as an independent director and chair designate, with current Chair William Maltby due to retire after the board's December meeting.
NB Private Equity Partners LtdReported 1.9% H1 NAV total return with valuation gains, $150M realizations, and $144M returned to shareholders year to date, roughly double last year.
