Portfolio
As of January 31, 2020
NBPE Summary
| NBPE $ in millions, except per share | 1/31/2020 | 12/31/2019 |
| Equity Investments | 954.1 | 934.2 |
| Income Investments | 101.9 | 104.5 |
| Total Direct Investments | $1,056.1 | $1,038.6 |
| Legacy Private Equity Funds | 35.5 | 35.5 |
| Total Private Equity Fair Value | $1,091.5 | $1,074.1 |
| Cash | 14.6 | 9.5 |
| Credit Facility Borrowings | (70.0) | (47.0) |
| ZDPs | (145.9) | (146.2) |
| Dividend Payable | (13.6) | 0.0 |
| Other Assets / Liabilities (Net) | (6.7) | (7.1) |
| Net Asset Value | $869.9 | $883.4 |
| Net Asset Value Per Share | $18.58 | $18.87 |
| Capital Position | 1/31/2020 | 12/31/2019 |
| Investment Level | 126% | 122% |
| Cash + Available Credit Facility | 194.6 | 212.5 |
| Adjusted Unfunded Commitments | 76.8 | 77.1 |
| Adjusted Commitments Coverage Ratio | 252% | 276% |
| Sterling NAV & Trading Information (£) | 1/31/2020 | 12/31/2019 |
| NAV Per Share | £14.10 | £14.25 |
| Closing Share Price | £12.10 | £12.09 |
| Discount to NAV | (14.2%) | (15.2%) |
Asset Overview
TOP 10 POSITIONS BY FAIR VALUE
| Investment | Inv. Date | Industry | Fair Value ($m) | % of Value |
|---|---|---|---|---|
| MHS | 2017 | Industrials | 37.4 | 3.4 |
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| Engineering | 2016 | TMT | 32.6 | 3.0 |
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| USI | 2017 | Financial Services | 32.0 | 2.9 |
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| ProAmpac | 2017 | Industrials | 31.1 | 2.8 |
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| Marquee Brands | 2014 | Consumer | 29.9 | 2.7 |
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| LGC | 2016 | Healthcare | 29.1 | 2.7 |
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| Business Services Company (Undisclosed) | 2017 | Business Services | 27.6 | 2.5 |
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| Staples | 2017 | Business Services | 27.3 | 2.5 |
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| Cotiviti | 2018 | Healthcare | 26.0 | 2.4 |
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| Agiliti | 2019 | Healthcare | 23.2 | 2.1 |
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| Total | 296.2 | 27.0 | ||
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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