Portfolio
As of May 31, 2020
NBPE Summary
| NBPE $ in millions, except per share | 5/31/2020 | 4/30/2020 |
| Equity Investments | $927.8 | $949.9 |
| Income Investments | 109.6 | 113.9 |
| Total Direct Investments | $1,037.4 | $1,063.8 |
| Legacy Private Equity Funds | 22.0 | 24.2 |
| Total Private Equity Fair Value | $1,059.4 | $1,088.0 |
| Cash | 9.6 | 122.8 |
| Credit Facility Borrowings | (125.0) | (250.0) |
| ZDPs | (138.7) | (141.0) |
| Dividend Payable | - | - |
| Other Assets / Liabilities (Net) | (0.3) | (2.9) |
| Net Asset Value | $805.0 | $816.9 |
| Net Asset Value Per Share | $17.21 | $17.47 |
| Capital Position | 5/31/2020 | 4/30/2020 |
| Investment Level | 132% | 133% |
| Cash + Available Credit Facility | 184.6 | 122.8 |
| Adjusted Unfunded Commitments | 123.5 | 123.5 |
| Adjusted Commitments Coverage Ratio | 150% | 99% |
| Sterling NAV & Trading Information (£) | 5/31/2020 | 4/30/2020 |
| NAV Per Share | £13.92 | £13.85 |
| Closing Share Price | £8.78 | £8.90 |
| Discount to NAV | (36.9%) | (35.7%) |
Asset Overview
TOP 10 POSITIONS BY FAIR VALUE
| Investment | Inv. Date | Industry | Fair Value ($m) | % of Value |
|---|---|---|---|---|
| Engineering | 2016 | TMT | 33.0 | 3.1 |
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| ProAmpac | 2017 | Industrials | 32.7 | 3.1 |
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| USI | 2017 | Financial Services | 32.0 | 3.0 |
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| Business Services Company (Undisclosed) | 2017 | Business Services | 30.9 | 2.9 |
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| MHS | 2017 | Industrials | 30.3 | 2.9 |
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| Cotiviti | 2018 | Healthcare | 27.0 | 2.6 |
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| Marquee Brands | 2014 | Consumer | 27.0 | 2.5 |
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| Action | 2020 | Consumer | 26.0 | 2.4 |
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| Beyond Trust | 2018 | TMT | 23.3 | 2.2 |
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| Agiliti | 2019 | Healthcare | 23.2 | 2.2 |
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| Total | 285.4 | 26.9 | ||
INVESTOR RELATIONS
NBPE’s Class A ordinary shares are admitted to trading on the Premium Segment of the Main Market of the London Stock Exchange
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