Portfolio
As of February 28, 2021
NBPE Summary
| NBPE $ in millions, except per share | 2/28/2021 | 1/31/2021 |
| Equity Investments | $1,068.5 | $1,041.5 |
| Income Investments | 136.4 | 136.7 |
| Total Direct Investments | $1,204.9 | $1,178.2 |
| Legacy Private Equity Funds | 19.3 | 19.1 |
| Total Private Equity Fair Value | $1,224.2 | $1,197.3 |
| Cash | 10.9 | 10.7 |
| Credit Facility Borrowings | (50.0) | (40.0) |
| ZDPs | (161.7) | (158.2) |
| Dividend Payable | 0 | (14.5) |
| Other Assets / Liabilities (Net) | (8.3) | (6.2) |
| Net Asset Value | $1,015.2 | $989.1 |
| Net Asset Value Per Share | $21.71 | $21.15 |
| Capital Position | 2/28/2021 | 1/31/2021 |
| Investment Level | 121% | 121% |
| Cash + Available Credit Facility | 260.9 | 270.7 |
| Adjusted Unfunded Commitments | 96.4 | 97.1 |
| Adjusted Commitments Coverage Ratio | 271% | 279% |
| Sterling NAV & Trading Information (£) | 2/28/2021 | 1/31/2021 |
| NAV Per Share | £15.53 | £15.40 |
| Closing Share Price | £11.90 | £11.85 |
| Discount to NAV | (23.4%) | (23.1%) |
Asset Overview
TOP 10 POSITIONS BY FAIR VALUE
| Investment | Inv. Date | Industry | Fair Value ($m) | % of Value |
|---|---|---|---|---|
| Petsmart / Chewy (NYSE: CHWY) | 2015 | Consumer | 50.7 | 4.1 |
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| Agiliti | 2019 | Healthcare | 47.1 | 3.8 |
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| MHS | 2017 | Industrials | 39.7 | 3.2 |
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| Action | 2020 | Consumer | 34.9 | 2.9 |
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| USI | 2017 | Financial Services | 34.0 | 2.8 |
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| GFL | 2018 | Business Services | 33.9 | 2.8 |
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| Busienss Services Company | 2017 | Business Services | 33.1 | 2.7 |
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| Autostore | 2019 | Industrials | 33.0 | 2.7 |
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| Beyond Trust | 2018 | TMT | 30.7 | 2.5 |
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| Cotiviti | 2018 | Healthcare | 29.8 | 2.4 |
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| Total | 366.9 | 29.9 | ||
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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