NBPE Announces Appointment of Oak Group as Guernsey Adminstrator
November 01 2024 - 3:00AM
UK Regulatory
NBPE Announces Appointment of Oak Group as Guernsey Adminstrator
| THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY,
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JURISDICTIONS |
NBPE Announces Appointment of Oak Group as Guernsey
Adminstrator
1 November 2024
NB Private Equity Partners (NBPE), the
$1.3bn1, FTSE 250, listed private equity investment
company managed by Neuberger Berman, today announces the
appointment of Oak Fund Services (Guernsey) Limited as NBPE’s
Guernsey Administrator and Company Secretary. The appointment is
with effect from 1 November 2024.
Effective as of 1 November 2024, NBPE’s
registered address will be changed to:
NB Private Equity Partners Limited
Oak House,
Hirzel Street,
St Peter Port,
Guernsey
GY1 2NP
For further information, please contact:
NBPE Investor
Relations +44 (0)
20 3214 9002
Luke
Mason
NBPrivateMarketsIR@nb.com
Kaso Legg Communications +44
(0)20 3882 6644
Charles
Gorman
nbpe@kl-communications.com
Luke Dampier
Charlotte Francis
About NB Private Equity Partners
Limited
NBPE invests in direct private equity investments alongside market
leading private equity firms globally. NB Alternatives Advisers LLC
(the “Investment Manager”), an indirect wholly owned subsidiary of
Neuberger Berman Group LLC, is responsible for sourcing, execution
and management of NBPE. The vast majority of direct investments are
made with no management fee / no carried interest payable to
third-party GPs, offering greater fee efficiency than other listed
private equity companies. NBPE seeks capital appreciation through
growth in net asset value over time while paying a bi-annual
dividend.
LEI number: 213800UJH93NH8IOFQ77
About Neuberger Berman
| This press release appears as a matter of record only and does
not constitute an offer to sell or a solicitation of an offer to
purchase any security. NBPE is established as a closed-end
investment company domiciled in Guernsey. NBPE has received the
necessary consent of the Guernsey Financial Services Commission.
The value of investments may fluctuate. Results achieved in the
past are no guarantee of future results. This document is not
intended to constitute legal, tax or accounting advice or
investment recommendations. Prospective investors are advised to
seek expert legal, financial, tax and other professional advice
before making any investment decision. Statements contained in this
document that are not historical facts are based on current
expectations, estimates, projections, opinions and beliefs of
NBPE's investment manager. Such statements involve known and
unknown risks, uncertainties and other factors, and undue reliance
should not be placed thereon. Additionally, this document contains
"forward-looking statements." Actual events or results or the
actual performance of NBPE may differ materially from those
reflected or contemplated in such targets or forward-looking
statements. |
Neuberger Berman is an employee-owned, private, independent
investment manager founded in 1939 with over 2,800 employees in 26
countries. The firm manages $509 billion of equities, fixed income,
private equity, real estate and hedge fund portfolios for global
institutions, advisors and individuals. Neuberger Berman’s
investment philosophy is founded on active management, fundamental
research and engaged ownership. The PRI identified the firm as part
of the Leader’s Group, a designation awarded to fewer than 1% of
investment firms for excellence in environmental, social and
governance practices. Neuberger Berman has been named by Pensions
& Investments as the #1 or #2 Best Place to Work in Money
Management for each of the last ten years (firms with more than
1,000 employees). Visit www.nb.com for more information. Data as of
September 30, 2024.
1 Based on net asset value.
Nb Private Equity Partners (LSE:NBPE)
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