Neuberger Private Equity Partners Limited (NBPE), the Guernsey-domiciled closed-end investment company focused on direct private equity investments, has announced the purchase of 49,489 Class A Shares on the London Stock Exchange on 12 November 2026. The buyback was conducted under a general authority granted by shareholders on 11 June 2026, in conjunction with a share buy-back agreement with Jefferies International Limited. All purchased shares will be cancelled, reducing the total outstanding Class A share count to 35,952,059.

Key Points

  • Neuberger Private Equity Partners Limited (NBPE)
  • NBPE purchased 49,489 Class A Shares on 12 November 2026 and will cancel all of them
  • Shares were purchased at prices ranging from £15.40 to £15.52; outstanding Class A Shares now stand at 35,952,059
  • Investors should monitor further buyback activity under the existing shareholder authority and any changes to the voting rights figure of 35,952,059

NBPE Cancels 49,489 Class A Shares Following 12 November London Stock Exchange Transaction

The company confirmed that the 49,489 Class A Shares acquired on 12 November 2026 were purchased at a highest price of £15.52 and a lowest price of £15.40 per share. All shares acquired under this transaction will be cancelled rather than held in treasury. Following the cancellation, the total number of outstanding Class A Shares stands at 35,952,059. The company separately holds 3,150,408 Class A Shares in treasury. The announcement states that, for reporting purposes under the FCA's Disclosure Guidance and Transparency Rules, the relevant voting rights figure to be used is 35,952,059.

Shareholder Authority and Jefferies International Role in NBPE's Buy-Back Programme

The buyback was executed pursuant to a general authority granted by NBPE shareholders at a meeting held on 11 June 2026, and operates through a buy-back agreement with Jefferies International Limited as the executing broker. NBPE is structured as a closed-end investment company domiciled in Guernsey and admitted to trading on the London Stock Exchange. The company invests in direct private equity investments alongside leading private equity firms globally, with investment management responsibilities held by NB Alternatives Advisers LLC, an indirect wholly owned subsidiary of Neuberger Berman Group LLC.

Fee-Efficient Structure and Capital Appreciation Strategy Underpin NBPE's Investment Approach

NBPE's investment model is designed to offer fee efficiency relative to other listed private equity vehicles. The announcement states that the vast majority of direct investments are made with no management fee and no carried interest payable to third-party general partners. The company seeks capital appreciation through growth in net asset value over time and pays a bi-annual dividend to shareholders. This structure positions NBPE as a differentiated option within the listed private equity sector, though investors should note that the value of investments may fluctuate and past results do not guarantee future performance.

Voting Rights Threshold Reporting Following Class A Share Cancellation

With the cancellation of the repurchased shares, market participants and institutional investors holding positions in NBPE may need to reassess whether any disclosure thresholds under the FCA's Disclosure Guidance and Transparency Rules have been triggered. The company has explicitly directed the market to use the figure of 35,952,059 voting rights when determining notification obligations. The ISIN for the Class A Shares is GG00B1ZBD492. Investors may be watching for further buyback transactions under the existing shareholder authority as NBPE continues its capital management programme.