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
offices in North America, Europe, the Middle East and AsiaPac. The heart of
Edison is our world-renowned equity research platform and deep multi-sector
expertise. At Edison Investment Research, our research is widely read by
international investors, advisers and stakeholders. Edison Advisors
leverages our core research platform to provide differentiated services
including investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct Authority [3].
Edison is not an adviser or broker-dealer and does not provide investment
advice. Edison's reports are not solicitations to buy or sell any
securities.
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:
LinkedIn https://www.linkedin.com/company/edison-investment-research [4]
Twitter www.twitter.com/Edison_Inv_Res [5]
YouTube www.youtube.com/edisonitv [6]
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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)
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