DJ Edison Investment Research Limited: NB Private Equity Partners (NBPE): Unique co-investment play at a wide discount
Edison Investment Research Limited
Edison Investment Research Limited: NB Private Equity Partners (NBPE):
Unique co-investment play at a wide discount
14-Oct-2020 / 13:08 GMT/BST
London, UK, 14 October 2020
NB Private Equity Partners (NBPE): Unique co-investment play at a wide
discount
In recent years, NB Private Equity Partners (NBPE) has largely become a play
on direct co-investments (currently 87% of the portfolio, largely in North
America). This positioning provides access to investments alongside top
general partners (GPs) with a single-layer fee structure while at the same
time allowing NBPE to be selective in terms of investments, with its direct
co-investment portfolio achieving three- and five-year gross IRRs to
end-August 2020 of 12.0% and 13.6% pa in US dollar terms, respectively. It
also allows NBPE to keep a lower level of unfunded commitments, which are
currently fully covered by available liquidity (184% adjusted coverage).
NBPE's shares trade at a relatively wide discount of 25% (compared to the
peer average of c 21%), which translates into an attractive dividend yield
of 4.5%. NBPE was able to maintain its dividend policy in the current
challenging environment.
Click here [1] to view the full report.
All reports published by Edison are available to download free of charge
from its website
www.edisongroup.com [2]
About Edison: Edison is an investment research and advisory company, with
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Edison is authorised and regulated by the Financial Conduct Authority [3].
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For more information please contact Edison:
Milosz Papst, +44 (0) 20 3077 5700
Michal Mordel, +44 (0) 20 3077 5700
investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com [2] and connect with Edison on:
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End of Announcement - EQS News Service
1140903 14-Oct-2020
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(END) Dow Jones Newswires
October 14, 2020 08:08 ET (12:08 GMT)
