NBPE Reports December NAV Growth on Buybacks and Realizations — Neuberger Private Equity Partners Limited (NBPE)

Event summary

NBPE's NAV per share rose 0.5% in December 2025 to $27.80, driven by FX movements, private company valuations, and share buybacks.
The firm repurchased ~516k shares in December 2025 at a 24% discount, adding ~$0.07 per share to NAV.
$180 million in realizations were received in 2025, with December seeing $22 million, primarily from previously announced sales.
$40 million committed to two new investments in December 2025 and January 2026, with closings expected soon.
As of December 2025, NBPE had $302 million in available liquidity, including $92 million in cash and $210 million in undrawn credit.

The big picture

NBPE's December NAV growth reflects strategic moves in share buybacks and realizations, positioning it to capitalize on mid-life co-investments. With $302 million in liquidity and a strong pipeline, the firm is well-placed to navigate private equity market dynamics. The focus on fee-efficient direct investments underscores its competitive edge in a crowded listed private equity space.

What we're watching

Valuation Updates: The impact of incorporating additional private company valuation information on future NAV updates.
Investment Pipeline: The pace at which NBPE can deploy its $302 million in available liquidity into new opportunities.
Buyback Strategy: Whether NBPE can sustain its share buyback program at current discount levels.

Our editorial coverage: