Neuberger Private Equity Partners Completes Buyback of 30,000 Class A Shares on LSE at £14.46–£14.64

NBPE Executes Share Buyback Under Shareholder Mandate

On 27 July 2026, Neuberger Private Equity Partners Limited announced the completion of a share repurchase conducted on 24 July 2026 on the London Stock Exchange. The company acquired 30,000 Class A Shares at prices ranging from £14.46 to £14.64 per share. This repurchase was carried out under a general authority granted by shareholders at the annual general meeting on 11 June 2026, reflecting NBPE’s confidence in its shares and commitment to effective capital management.

The buyback was facilitated through Jefferies International Limited, a leading investment bank. This repurchase programme demonstrates NBPE management’s strategic capital allocation and their assessment of the company’s equity valuation. The announcement provides transparency on the transaction details, including purchase date, share quantity, and price range, which are important for investors tracking NBPE’s capital activities.

Cancellation of Repurchased Shares and Revised Capital Structure

Following the repurchase on 24 July 2026, NBPE confirmed that all 30,000 Class A Shares acquired will be cancelled. This reduces the outstanding Class A Shares to 40,429,301. Additionally, NBPE holds 3,150,408 Class A Shares in treasury, which remain available for potential future issuance or retirement.

For regulatory compliance under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, investors must use the updated voting rights figure of 40,429,301 when assessing notification obligations. The distinction between cancelled shares and treasury shares is significant: cancelled shares permanently reduce issued capital, while treasury shares may be reissued.

NBPE’s Direct Private Equity Investment Approach and Fee Advantages

NBPE operates as a Guernsey-domiciled closed-end investment company with a unique mandate to invest directly alongside top-tier global private equity firms. Unlike many alternative investment vehicles, NBPE’s direct investments generally incur no management fees or carried interest payable to third-party general partners, resulting in enhanced fee efficiency.

This fee structure benefits investors by allowing capital to compound more effectively without the typical 2% management fee and 20% carried interest common in private equity. NBPE’s investment manager, NB Alternatives Advisers LLC, an indirect wholly owned subsidiary of Neuberger Berman Group LLC, oversees sourcing, execution, and portfolio management. The company aims for capital appreciation through net asset value growth while providing bi-annual dividends, combining long-term growth with current income.

Neuberger Berman Group’s Global Asset Management Scale

Neuberger Berman Group LLC, NBPE’s parent company, is an employee-owned, independent investment manager founded in 1939. As of 31 March 2026, it managed approximately $567 billion in assets across multiple asset classes for global clients. With around 3,000 employees in 26 countries, Neuberger Berman offers NBPE extensive investment expertise and global sourcing capabilities for private equity opportunities.

The firm’s investment philosophy emphasizes active management, fundamental research, and engaged ownership, underpinning NBPE’s direct private equity strategy. Neuberger Berman has received industry accolades including Best Asset Manager for Institutional Investors in the US and Best Place to Work in Money Management for firms with over 1,000 employees. The firm remains fully independent and employee-controlled, aligning with NBPE shareholders’ long-term interests.

Regulatory Framework and Guernsey Domicile

NBPE is a Guernsey-domiciled closed-end investment company authorised by the Guernsey Financial Services Commission. Its ISIN is GG00B1ZBD492 and LEI is 213800UJH93NH8IOFQ77. The closed-end structure means NBPE shares trade on the London Stock Exchange without continuous issuance or redemption at net asset value, allowing stable capital for long-term private equity investments.

Guernsey’s regulated alternative investment fund jurisdiction combined with the London Stock Exchange listing ensures compliance with both offshore and onshore regulatory standards.

Investment Strategy: Direct Co-Investments with Leading Private Equity Firms

NBPE’s strategy focuses on direct co-investments alongside premier global private equity firms rather than investing through funds of funds. This approach provides investors with direct exposure to portfolio company value creation without intermediary layers. NB Alternatives Advisers LLC’s investment team handles deal sourcing, due diligence, execution, and portfolio management worldwide.

The direct investment model and lower fee burden position NBPE to potentially deliver superior net returns compared to traditional private equity fund structures. Co-investing with top-tier general partners grants access to institutional-quality opportunities and operational expertise, supported by NB Alternatives’ extensive global network.

Capital Growth, Dividend Policy, and Shareholder Value

NBPE targets dual shareholder returns through capital appreciation via net asset value growth and bi-annual dividend payments, offering both income and long-term growth. This contrasts with many private equity vehicles that distribute residual cash flows only after portfolio realisations.

The share repurchase programme reflects a strategic capital allocation decision. Buying back shares below intrinsic net asset value per share can enhance returns by reducing share count and increasing net asset value per share, provided it does not hinder NBPE’s ability to invest in attractive co-investments. The 24 July 2026 repurchase prices of £14.46–£14.64 per share represent management’s valuation of the company’s equity.

Market Pricing and Share Repurchase Execution

The repurchase prices of £14.46 to £14.64 per Class A Share on 24 July 2026 represent the transaction range on the London Stock Exchange. The narrow price spread (~1.2%) indicates an orderly execution without significant market disruption. NBPE shares, like other listed investment companies, may trade at premiums or discounts to net asset value due to market sentiment, liquidity, and investor demand.

Investors should monitor NBPE’s net asset value per share relative to market price to evaluate share value compared to the underlying private equity portfolio.

Investor Relations and Ongoing Communication

Investors seeking more information on the share repurchase or NBPE’s investment activities can contact the NBPE Investor Relations team at +44 20 3214 9002 or [email protected]. Oak Group, NBPE’s Guernsey-based corporate administrator, is reachable at +44 1481 723450 or [email protected].

Neuberger Berman’s media contacts include Soogyung Jordan for US enquiries ([email protected]) and Fiona Kehily for EMEA enquiries ([email protected]). Comprehensive regulatory disclosures are available at www.nb.com/disclosure-global-communications. All Neuberger Berman data as of 31 March 2026 are subject to change and represent aggregated information from affiliated investment advisors.

Forward-Looking Statements and Risk Disclosures

The announcement contains standard forward-looking disclaimers noting that actual results may differ materially from projections. Investment values may fluctuate, and past performance is no guarantee of future outcomes. The information is not legal, tax, accounting, or investment advice; prospective investors should seek professional guidance before investing.

NBPE operates in private equity markets characterised by illiquidity, long horizons, and operational risks. Shares cannot typically be redeemed at net asset value and liquidity depends on secondary market trading. Economic shifts, interest rate changes, credit disruptions, or portfolio company challenges could impact net asset value. The investment manager’s ability to source and execute co-investments is critical but not assured. Investors should review NBPE’s latest reports and disclosures for detailed risk information.