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NB Private Equity Partners Ltd on Tuesday said its performance in 2022 was resilient, but net assess value has slipped further since the new year began.
Shares in NB Private Equity were up 0.8% at 1,516.06 pence in London on Tuesday.
The Guernsey-headquartered private equity investor is managed by Neuberger Berman Group LLC, a New York-headquartered investment management firm.
NB Private Equity said NAV per share on December 31 was $28.38, down 7.5% from $30.76 at the same time a year prior. NAV per share at March 31 was down further to $28.20, though this was a 0.4% increase from $28.09 at February 28.
Peter Von Lehe, Neuberger Berman’s head of investment solutions and strategy, said that the NAV decline was due to ‘a decline in value of our publicly listed holdings and foreign exchange headwinds’.
However, he commented: ‘Against challenging markets and macro-economic headwinds, we believe NBPE‘