Neuberger Private Equity Partners Limited (LON:NBPE), the $1.1bn1 listed private equity investment company managed by Neuberger, has announced its results for the six months to 30 June 2026, alongside its August monthly NAV update.
Highlights
- Net Assets of $1,152 million – NAV per share of $28.00 (£21.10), a return of 1.9% in the six months
- Performance driven by 2.7% increase in private company valuations (ex-FX), alongside positive contributions from share buybacks, partially offset by the negative impact of foreign exchange and quoted holdings
- Strong portfolio company operating performance – Last twelve month (LTM) revenue and EBITDA growth of 11.1% and 12.1%2, respectively, with a number of companies seeing an acceleration of growth relative to the end of last year
- Robust exit activity – $150 million of realisations announced in the six months, with visibility of a further $68 million of proceeds from transactions yet to be announced
- Strong progress refreshing the portfolio – $104 million committed to six new investments in the six months; since June a further $60 million committed to three new investments and an additional amount in an existing 2026 investment
- A further $120 million allocated to share buybacks, bringing total allocation to share buybacks to $240 million since the start of 2025
- $62 million returned to shareholders via dividends and buybacks in the six months; a further $82 million returned to shareholders since June, taking year-to-date returns to $144 million, more than double the amount from the same period in 2025
- Well positioned to take advantage of investment opportunities with total available liquidity, including cash and borrowing capacity, of $206 million as at 30 June 2026
- David MacLellan appointed as independent Non-Executive Director and Chairman Designate, bringing 35+ years of private equity and fund management experience; will succeed the current Chairman, William Maltby, who will retire in December after approximately eight years on the Board
Peter von Lehe, Managing Director and Head of Investment Solutions and Strategy at Neuberger commented:
“NBPE delivered a NAV total return of 1.9% in the period, with meaningful gains across a number of private investments.
We have made strong progress in refreshing the portfolio and recent investments are performing well. Realisation activity has been strong year-to-date, and we continue to have good visibility on further exits, with a number of companies well positioned to capitalise on current market conditions.”
Paul Daggett, Managing Director at Neuberger, continued:
“Revenue and earnings growth, both organic and through M&A, continue to be robust with the portfolio delivering LTM revenue growth of 11.1% and LTM EBITDA growth of 12.1%2, with particularly strong performance from NBPE’s 10 largest investments and the 2024-2025 investment cohort.
We are encouraged by the positive momentum we are seeing in the portfolio, as well as overall private equity markets, and believe the portfolio is well-positioned to navigate the economic environment and capitalise on attractive new investment opportunities.”
