Neuberger Private Equity Partners Limited (NBPE), the Guernsey-domiciled closed-end investment company focused on direct private equity investments, has announced the purchase of 10,000 Class A Shares on the London Stock Exchange on 4 November 2026. The buyback was executed under a general authority granted by shareholders on 11 June 2026 and carried out via a share buy-back agreement with Jefferies International Limited. All purchased shares will be cancelled, reducing the total outstanding share count and potentially supporting net asset value per share over time.

Key Points

  • Neuberger Private Equity Partners Limited (NBPE), domiciled in Guernsey and listed on the London Stock Exchange
  • NBPE purchased 10,000 Class A Shares on 4 November 2026, with all shares to be cancelled following the transaction
  • Shares were purchased at prices ranging from £15.20 to £15.24; following cancellation, 36,070,557 Class A Shares remain outstanding, with 3,150,408 held in treasury
  • Investors should watch for further buyback activity and any update to net asset value per share arising from the reduced share count

NBPE Cancels 10,000 Class A Shares Under Shareholder-Approved Buyback Programme

The announcement confirms that NBPE purchased 10,000 Class A Shares on 4 November 2026, with the highest price paid standing at £15.24 and the lowest at £15.20 per share. The transaction was conducted on the London Stock Exchange through Jefferies International Limited under authority approved by shareholders at a general meeting held on 11 June 2026. All shares acquired under this programme are to be cancelled rather than retained in treasury, a distinction that directly reduces the total number of voting shares in circulation and can have implications for per-share metrics including net asset value.

Outstanding Share Count and Voting Rights Following the 4 November Cancellation

Following the cancellation of the 10,000 purchased shares, the total number of outstanding Class A Shares stands at 36,070,557. The company also holds 3,150,408 Class A Shares in treasury. For the purposes of regulatory reporting under the FCA's Disclosure Guidance and Transparency Rules, the announcement specifies that the market should use the figure of 36,070,557 voting rights when determining whether a notification of interest or a change in interest in the company is required. This figure is the relevant threshold reference for major shareholder disclosure obligations.

How NBPE's Direct Private Equity Model and Fee Structure Distinguish It From Peers

NBPE invests in direct private equity investments alongside leading private equity firms globally, with its investment manager being NB Alternatives Advisers LLC, an indirect wholly owned subsidiary of Neuberger Berman Group LLC. The company states that the vast majority of its direct investments are made with no management fee and no carried interest payable to third-party general partners, which the company positions as offering greater fee efficiency compared with other listed private equity vehicles. NBPE targets capital appreciation through net asset value growth and pays a bi-annual dividend to shareholders.

Neuberger Berman's Global Platform Underpins NBPE's Investment Management Capabilities

The broader Neuberger Berman organisation, which manages NBPE through its subsidiary, operates from 39 cities across 26 countries and employs more than 2,900 people in total, including over 780 investment professionals, according to firm data as of 30 June 2026. As a private, employee-owned investment manager with no external parent company, Neuberger Berman describes itself as structurally aligned with long-term client interests. Investors in NBPE may consider the scale and stability of this management platform as a relevant factor when assessing the ongoing governance and execution of the company's buyback and investment strategy.