Neuberger Private Equity Partners Limited (NBPE), the Guernsey-domiciled closed-end investment company focused on direct private equity, has announced the purchase of 35,000 Class A Shares on the London Stock Exchange on 5 November 2026. The buyback was executed under shareholder authority granted on 11 June 2026 and via a share buy-back agreement with Jefferies International Limited. All purchased shares will be cancelled, reducing the total outstanding Class A 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 35,000 Class A Shares on 5 November 2026 under existing shareholder buyback authority
  • Shares were bought at prices ranging from £15.20 to £15.34; all will be cancelled
  • Investors should monitor the total voting rights figure of 36,035,557 for future regulatory disclosure thresholds

NBPE Cancels 35,000 Class A Shares Purchased Between £15.20 and £15.34

The company announced on 6 November 2026 that it purchased 35,000 Class A Shares on 5 November 2026 through the London Stock Exchange. The highest price paid per share was £15.34 and the lowest was £15.20, with the transaction carried out through Jefferies International Limited. The shares, identified by ISIN GG00B1ZBD492, will all be cancelled rather than retained. Cancellation of bought-back shares, rather than holding them in treasury, directly reduces the total share count outstanding and is a common mechanism used by investment companies to manage capital structure.

Outstanding Class A Shares Fall to 36,035,557 Following Cancellation

Following the cancellation of the 35,000 purchased shares, the total number of outstanding Class A Shares stands at 36,035,557. The company also holds 3,150,408 Class A Shares in treasury, though those treasury shares do not carry voting rights. For the purposes of regulatory reporting under the FCA's Disclosure Guidance and Transparency Rules, the announcement confirms that the market should use the figure of 36,035,557 voting rights when determining notification obligations for interests in NBPE. This figure is relevant to investors approaching or crossing disclosure thresholds.

NBPE's Direct Private Equity Strategy and Fee-Efficient Structure Underpin Buyback Context

NBPE invests in direct private equity transactions 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 targets capital appreciation through net asset value growth and pays a bi-annual dividend. A distinctive feature of NBPE's model is that the vast majority of its direct investments carry no management fee or carried interest payable to third-party general partners, which the company states offers greater fee efficiency compared with other listed private equity vehicles. The buyback programme is consistent with its ongoing capital management approach.

Shareholder Authority and Jefferies Agreement Govern NBPE's Buyback Programme

The buyback was conducted pursuant to general authority granted by NBPE shareholders at a meeting held on 11 June 2026, and under the terms of an existing share buy-back agreement with Jefferies International Limited. Investors may be watching whether further tranches are executed under the same authority. As a closed-end vehicle domiciled in Guernsey and regulated with consent from the Guernsey Financial Services Commission, NBPE operates within a defined governance framework. The continuation of buybacks at prevailing price levels will depend on market conditions and the remaining capacity under the shareholder-approved authority.