NB Private Equity Partners Limited Nb Private Equity: Responsible And Sustainable Investment Policy
August 28 2020 - 1:01AM
UK Regulatory
TIDMNBPE
THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE
UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS
NB Private Equity Partners Announces Responsible and Sustainable
Investment Policy
28 August 2020
NB Private Equity Partners Limited ("NBPE" or the "Company"), a
closed-end private equity investment company, today announced the
publication of a formal responsible and sustainable investment policy.
The board of directors is committed to a high standard of corporate
governance and believes responsible investing is an important
cornerstone of this as well as being integral to achieving strong long
term investment returns. By leveraging the Investment Manager's
leadership in ESG investing, which is integrated into its private equity
operations and was awarded an A+ Top Score in the most recent
UN-supported Principles for Responsible Investment (PRI) assessment, the
Board believes NBPE is well-positioned and committed to responsible
investment.
This formalised responsible and sustainable investment policy is
centered on the objective of delivering better investment outcomes
through incorporating ESG considerations into investment decisions. The
Investment Manager has also conducted a sustainability potential
assessment of NBPE's existing portfolio. This assessment determined that
99% of the direct investment portfolio does not have significant adverse
sustainability potential and 26% of the portfolio (based on 31 July 2020
fair value) is deemed to have an overall positive sustainability
potential or have an overall positive benefit to people or the
environment.
The Board believes the responsible and sustainable investment policy is
a continuation of NBPE's commitment to high standards of corporate
governance and investment practices and that this will be a long term
value add to NBPE and its investors.
For further information, please contact:
NBPE Investor Relations +1 214 647 9593
Kaso Legg Communications +44 (0)20 3603 2803
Charles Gorman
https://www.globenewswire.com/Tracker?data=JGlLb4d68x3hc1PEcuWuHK6bwnFlxgtY8-QfMTeXq433tvq_MJn7569-rQS2IV2BcGoEhQUsWAMKdtjRrtA5tsLBoZ9yE04ldiMuXCYDFSgjvVqIJAtfa6H6rD_b9Cfe
nbpe@kl-communications.com
About NB Private Equity Partners Limited
NBPE invests in direct private equity investments alongside market
leading private equity firms globally. NB Alternatives Advisers LLC (the
"Investment Manager"), an indirect wholly owned subsidiary of Neuberger
Berman Group LLC, is responsible for sourcing, execution and management
of NBPE. The vast majority of direct investments are made with no
management fee / no carried interest payable to third-party GPs,
offering greater fee efficiency than other listed private equity
companies. NBPE seeks capital appreciation through growth in net asset
value over time while paying a bi-annual dividend.
LEI number: 213800UJH93NH8IOFQ77
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages a range of
strategies--including equity, fixed income, quantitative and multi-asset
class, private equity, real estate and hedge funds--on behalf of
institutions, advisors and individual investors globally. With offices
in 24 countries, Neuberger Berman's diverse team has 2,300
professionals. For six consecutive years, the company has been named
first or second in Pensions & Investments Best Places to Work in Money
Management survey (among those with 1,000 employees or more). The firm
was awarded an A+ in every category in the latest 2019 PRI report for
our approach to ESG integration across asset classes. The firm manages
$357 billion in client assets as of June 30, 2020. For more information,
please visit our website at
https://www.globenewswire.com/Tracker?data=55ROYPTwAv1L6aeljcTUIE38g3SP3QvJLFjOW6ICefzibUzM0J30zT_npAOUVyHqkmcn5zNEhTBk6Yd_40owRA==
www.nb.com.
This press release appears as a matter of record only and does not
constitute an offer to sell or a solicitation of an offer to purchase
any security.
NBPE is established as a closed-end investment company domiciled in
Guernsey. NBPE has received the necessary consent of the Guernsey
Financial Services Commission. The value of investments may fluctuate.
Results achieved in the past are no guarantee of future results. This
document is not intended to constitute legal, tax or accounting advice
or investment recommendations. Prospective investors are advised to seek
expert legal, financial, tax and other professional advice before making
any investment decision. Statements contained in this document that are
not historical facts are based on current expectations, estimates,
projections, opinions and beliefs of NBPE's investment manager. Such
statements involve known and unknown risks, uncertainties and other
factors, and undue reliance should not be placed thereon. Additionally,
this document contains "forward-looking statements." Actual events or
results or the actual performance of NBPE may differ materially from
those reflected or contemplated in such targets or forward-looking
statements.
Attachments
-- NBPE Responsible and Sustainable Investment Policy_Aug 2020_vF
https://ml-eu.globenewswire.com/Resource/Download/67a0ca6a-8507-4aa9-8132-455fba713c92
-- NBPE Responsible and Sustainable Investment Statement_Aug 2020_vF
https://ml-eu.globenewswire.com/Resource/Download/f00fda70-b747-4783-90a7-dbc4cddfd2d1
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August 28, 2020 02:01 ET (06:01 GMT)
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