Portfolio
As of May 31, 2021
NBPE Summary
| NBPE $ in millions, except per share | 5/31/2021 | 4/30/2021 |
| Equity Investments | $1,221.9 | $1,191.5 |
| Income Investments | 132.4 | 127.1 |
| Total Direct Investments | $1,354.3 | $1,318.5 |
| Legacy Private Equity Funds | 22.2 | 20.0 |
| Total Private Equity Fair Value | $1,376.5 | $1,338.6 |
| Cash | $5.2 | 13.6 |
| Credit Facility Borrowings | (10.0) | (20.0) |
| ZDPs | (166.0) | (161.2) |
| Dividend Payable | 0 | 0 |
| Other Assets / Liabilities (Net) | (16.2) | (12.8) |
| Net Asset Value | $1,189.5 | $1,158.2 |
| Net Asset Value Per Share | $25.43 | $24.76 |
| Capital Position | 5/31/2021 | 4/30/2020 |
| Investment Level | 116% | 116% |
| Cash + Available Credit Facility | 295.2 | 293.6 |
| Adjusted Unfunded Commitments | 105.4 | 108.6 |
| Adjusted Commitments Coverage Ratio | 280% | 270% |
| Sterling NAV & Trading Information (£) | 5/31/2021 | 4/30/2021 |
| NAV Per Share | £17.89 | £17.88 |
| Closing Share Price | £13.45 | £13.90 |
| Discount to NAV | (24.8%) | (22.3%) |
Asset Overview
TOP 10 POSITIONS BY FAIR VALUE
| Investment | Inv. Date | Industry | Fair Value ($m) | % of Value |
|---|---|---|---|---|
| Autostore | 2019 | Industrials | $80.1 | 5.8% |
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| Agiliti | 2019 | Healthcare | 54.7 | 4.0% |
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| MHS | 2017 | Industrials | 44.7 | 3.2% |
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| Telxius | 2017 | Communications | 43.9 | 3.2% |
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| Action | 2020 | Consumer | 38.1 | 2.8% |
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| USI | 2017 | Financial Services | 38.0 | 2.8% |
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| GFL | 2018 | Business Services | 36.6 | 2.7% |
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| Petsmart | 2015 | Consumer | 35.3 | 2.6% |
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| West Marine | 2017 | Consumer | 33.8 | 2.5% |
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| Undisclosed Business Services | 2017 | Business Services | 33.1 | 2.4% |
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| Total | - | $438.3 | 32.0% | |
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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