30/06/2009 The London Stock Exchange is delighted to welcome NB Private Equity Partners Limited to the Specialist Fund Market
NB Private Equity Partners Limited (“NBPE” or “the Company”) is a closed-end investment company registered under the laws of Guernsey managed by the NB Alternatives group of Neuberger Berman. NBPE invests in private equity funds managed by leading sponsors, including funds of funds managed by NB Alternatives, and makes direct private equity investments alongside leading sponsors. The Company’s investment objective is to produce attractive returns on its capital from private equity investments while managing investment risk through portfolio diversification across asset class, vintage year, geography, industry and sponsor.
NBPE is pleased to announce the successful admission ("Admission") of its class A ordinary shares ("Shares") to the Specialist Fund Market ("SFM") of the London Stock Exchange plc. Following Admission, the Company’s Shares will be traded on both the SFM and Euronext Amsterdam under the symbol NBPE. The Company is not offering any new Shares or other securities in connection with Admission.
As of 25 June 2009, NBPE had a market capitalization of US$204.3 million.
Talmai Morgan, Chairman of NBPE, commented:
“We are delighted to announce our dual-admission to trading of NBPE’s Shares on the SFM. London is an important financial centre and admission to trading on the London Stock Exchange will boost NBPE’s visibility among the Company's target investor base. The increased market liquidity offered by a dual-admission should also provide long-term benefits to existing shareholders and potential new investors.”
Oriel Securities Limited is acting as sole sponsor and broker in connection with Admission.