Portfolio
As of December 31, 2020
NBPE Summary
| NBPE $ in millions, except per share | 12/31/2020 | 11/30/2020 |
| Equity Investments | $1,000.7 | $1,036.3 |
| Income Investments | 134.2 | 135.5 |
| Total Direct Investments | $1,135.0 | $1,171.8 |
| Legacy Private Equity Funds | 19.1 | 24.0 |
| Total Private Equity Fair Value | $1,154.1 | $1,195.8 |
| Cash | 3.0 | 3.7 |
| Credit Facility Borrowings | (35.0) | (85.0) |
| ZDPs | (157.0) | (152.8) |
| Dividend Payable | - | - |
| Other Assets / Liabilities (Net) | (4.8) | (6.5) |
| Net Asset Value | $960.3 | $955.1 |
| Net Asset Value Per Share | $20.53 | $20.42 |
| Capital Position | 12/31/2020 | 11/30/2020 |
| Investment Level | 120% | 125% |
| Cash + Available Credit Facility | 268.0 | 218.7 |
| Adjusted Unfunded Commitments | 97.2 | 102.8 |
| Adjusted Commitments Coverage Ratio | 276% | 213% |
| Sterling NAV & Trading Information (£) | 12/31/2020 | 11/30/2020 |
| NAV Per Share | £15.02 | £15.30 |
| Closing Share Price | £11.65 | £10.50 |
| Discount to NAV | (22.4%) | (31.4%) |
Asset Overview
TOP 10 POSITIONS BY FAIR VALUE
| Investment | Inv. Date | Industry | Fair Value ($m) | % of Value |
|---|---|---|---|---|
| Petsmart / Chewy (NYSE: CHWY) | 2015 | Consumer | 43.4 | 3.8 |
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| Agiliti | 2019 | Healthcare | 37.5 | 3.3 |
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| MHS | 2017 | Industrials | 37.5 | 3.2 |
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| USI | 2017 | Financial Services | 34.0 | 2.9 |
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| Action | 2020 | Consumer | 33.6 | 2.9 |
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| GFL | 2018 | Business Services | 31.6 | 2.7 |
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| Marquee Brands | 2014 | Consumer | 30.2 | 2.6 |
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| Cotiviti | 2018 | Healthcare | 29.1 | 2.5 |
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| Beyond Trust | 2018 | TMT | 29.0 | 2.5 |
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| Telxius | 2017 | Communications / Media | 28.6 | 2.5 |
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| Total | 334.5 | 28.9 | ||
Share Information
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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