NBPE Exits FDH Aero and Partially Sells Osaic for $25M in May
Event summary
- NBPE announced two realisations in May 2026: full exit of FDH Aero and partial sale of Osaic via a continuation vehicle.
- FDH Aero, acquired in 2024, is set to close in H2 2026 pending regulatory approvals.
- Osaic generated $27M in proceeds from NBPE's $15M investment in 2019; remaining NAV stands at ~$42M.
- $25M of realisation proceeds received in May, bringing total announced realisations for 2026 to $144M.
The big picture
NBPE's realisations reflect its strategy of co-investing with top-tier private equity firms. The partial exit of Osaic via a continuation vehicle highlights a trend in extending successful investments while unlocking liquidity. With $144M in announced realisations for 2026, NBPE is positioning itself to capitalize on improving market conditions.
What we're watching
- Exit Momentum
- Whether NBPE can sustain this pace of realisations amid uncertain market conditions.
- Portfolio Refresh
- How NBPE balances new investments with capital needs like buybacks and dividends.
- Regulatory Approvals
- The timeline for closing the FDH Aero transaction, pending regulatory approvals.