NBPE Reports February NAV Decline Amid Share Buybacks and Portfolio Adjustments — Neuberger Private Equity Partners Limited (NBPE)

Event summary

NBPE's NAV per share declined 0.8% in February 2026 to $27.41, driven by private company valuations and quoted holdings.
The firm repurchased ~333k shares in February at a weighted average discount of 27%, accretive to NAV by ~$0.06 per share.
New investments totaling $9 million were made in Conservice, with an additional $54 million committed to three other deals.
$6 million in realizations were received from debt refinancing of one portfolio company.
75% of the portfolio's valuation was based on 31 December 2025 private company valuations or quoted holdings.

The big picture

NBPE's February NAV decline reflects broader challenges in private equity valuation timing and market volatility. The firm's aggressive share buyback strategy and new investments signal confidence in long-term portfolio growth, but the ability to deploy capital efficiently will be critical amid shifting market conditions. With $260 million in liquidity, NBPE is well-positioned to capitalize on opportunities, though valuation updates and deal execution remain key variables.

What we're watching

Valuation Timing: How the pace of private company valuation updates will impact future NAV adjustments.
Buyback Strategy: Whether NBPE can sustain its share buyback program at current discount levels.
Deal Flow: The pace at which NBPE can deploy its $260 million in available liquidity into new investments.