Portfolio

As of October 31, 2020

NBPE Summary
NBPE $ in millions, except per share 10/31/2020 9/30/2020
Equity Investments $968.6 $941.8
Income Investments 128.3 130.3

Total Direct Investments $1,096.9 $1,072.1
Legacy Private Equity Funds 21.6 21.6

Total Private Equity Fair Value $1,118.5 $1,093.7
Cash 7.7 11.3
Credit Facility Borrowings (85.0) (105.0)
ZDPs (147.5) (146.9)
Dividend Payable - -
Other Assets / Liabilities (Net) 0.1 2.2

Net Asset Value $893.8 $855.2
Net Asset Value Per Share $19.11 $18.28
Capital Position 10/31/2020 9/30/2020
Investment Level 125% 128%
Cash + Available Credit Facility 222.7 206.3
Adjusted Unfunded Commitments 106.6 104.9

Adjusted Commitments Coverage Ratio 209% 197%
Sterling NAV & Trading Information (£) 10/31/2020 9/30/2020
NAV Per Share £14.78 £14.14
Closing Share Price £10.15 £9.72

Discount to NAV (31.3%) (31.3%)
Asset Overview
TOP 10 POSITIONS BY FAIR VALUE
Investment Inv. Date Industry Fair Value ($m) % of Value
ProAmpac 2017 Industrials 47.0 4.2

Agiliti 2019 Healthcare 37.5 3.4

MHS 2017 Industrials 36.2 3.2

USI 2017 Financial Services 34.0 3.0

Action 2020 Consumer 32.0 2.9

Beyond Trust 2018 TMT 29.0 2.6

Cotiviti 2018 Healthcare 28.5 2.5

Marquee Brands 2014 Consumer 28.4 2.5

Telxius 2017 Communications 27.2 2.4

Petsmart / Chewy (NYSE: CHWY) 2015 Consumer 26.6 2.4

Total 326.4 29.1
Share Information
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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