Portfolio
As of January 31, 2021
NBPE Summary
| NBPE $ in millions, except per share | 1/31/2021 | 12/31/2020 |
| Equity Investments | $1,041.5 | $1,000.7 |
| Income Investments | 136.7 | 134.2 |
| Total Direct Investments | $1,178.2 | $1,135.0 |
| Legacy Private Equity Funds | 19.1 | 19.1 |
| Total Private Equity Fair Value | $1,197.3 | $1,154.1 |
| Cash | 10.7 | 3.0 |
| Credit Facility Borrowings | (40.0) | (35.0) |
| ZDPs | (158.2) | (157.0) |
| Dividend Payable | (14.5) | - |
| Other Assets / Liabilities (Net) | (6.2) | (4.8) |
| Net Asset Value | $989.1 | $960.3 |
| Net Asset Value Per Share | $21.15 | $20.53 |
| Capital Position | 1/31/2021 | 12/31/2020 |
| Investment Level | 121% | 120% |
| Cash + Available Credit Facility | 270.7 | 268.0 |
| Adjusted Unfunded Commitments | 97.1 | 97.2 |
| Adjusted Commitments Coverage Ratio | 279% | 276% |
| Sterling NAV & Trading Information (£) | 1/31/2021 | 12/31/2020 |
| NAV Per Share | £15.40 | £15.02 |
| Closing Share Price | £11.85 | £11.65 |
| Discount to NAV | (23.1%) | (22.4%) |
Asset Overview
TOP 10 POSITIONS BY FAIR VALUE
| Investment | Inv. Date | Industry | Fair Value ($m) | % of Value |
|---|---|---|---|---|
| Petsmart / Chewy (NYSE: CHWY) | 2015 | Consumer | 50.8 | 4.2 |
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| Agiliti | 2019 | Healthcare | 47.1 | 3.9 |
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| MHS | 2017 | Industrials | 39.7 | 3.3 |
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| Action | 2020 | Consumer | 34.9 | 2.9 |
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| USI | 2017 | Financial Services | 34.0 | 2.8 |
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| Autostore | 2019 | Industrials | 33.1 | 2.8 |
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| GFL | 2018 | Business Services | 31.4 | 2.6 |
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| Cotiviti | 2018 | Healthcare | 29.5 | 2.5 |
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| Marquee Brands | 2014 | Consumer | 29.3 | 2.4 |
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| Beyond Trust | 2018 | TMT | 29.0 | 2.4 |
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| Total | 358.8 | 29.8 | ||
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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