Neuberger Private Equity Partners Limited (NBPE), a Guernsey-domiciled closed-end investment company focused on direct private equity investments, has announced the purchase of 49,849 Class A Shares on the London Stock Exchange on 12 November 2026, with prices ranging between £15.40 and £15.52 per share. The buyback was executed under general shareholder authority granted on 11 June 2026 and carried out through a share buy-back agreement with Jefferies International Limited. All purchased shares will be cancelled, reducing the total outstanding Class A share count to 35,951,699. The move is of practical significance to investors, as the cancellation adjusts the voting rights figure that market participants must use when determining disclosure obligations under FCA Transparency Rules.

Key Points

  • Neuberger Private Equity Partners Limited (NBPE), listed on the London Stock Exchange with ISIN GG00B1ZBD492
  • NBPE purchased 49,849 Class A Shares on 12 November 2026 at prices between £15.40 and £15.52
  • All repurchased shares will be cancelled; outstanding Class A Shares now stand at 35,951,699, with 3,150,408 held in treasury
  • Investors should monitor further buyback announcements and any updates to net asset value as NBPE continues capital management activity

NBPE Cancels 49,849 Class A Shares Following 12 November London Stock Exchange Purchase

The corrected announcement, released on 13 November 2026, confirms that NBPE transacted the buyback on 12 November 2026 on the London Stock Exchange. The highest price paid per share was £15.52 and the lowest was £15.40. The company states that all 49,849 Class A Shares acquired will be cancelled rather than retained, directly reducing the pool of outstanding shares. Following this cancellation, the total number of outstanding Class A Shares stands at 35,951,699. The company also separately holds 3,150,408 Class A Shares in treasury, though these do not form part of the voting rights figure disclosed for FCA reporting purposes.

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

The buyback was carried out pursuant to general authority granted by NBPE shareholders at a meeting held on 11 June 2026, and executed through the company's share buy-back agreement with Jefferies International Limited. This framework is a standard mechanism used by listed investment companies to manage their capital structure in a regulated and transparent manner. The announcement notes this is a corrected version of a release published earlier the same day at 09:31, though the nature of the correction is not explicitly specified in the disclosure. Investors following the programme should reference the corrected figures provided in this later release.

How NBPE's Direct Private Equity Strategy and Fee Structure Distinguish It Among Listed Peers

NBPE invests directly in private equity transactions alongside leading private equity firms globally. Its investment manager, NB Alternatives Advisers LLC, is an indirect wholly owned subsidiary of Neuberger Berman Group LLC. The company's disclosure highlights a notable structural feature: the vast majority of its direct investments carry no management fee and no carried interest payable to third-party general partners. This positions NBPE as a potentially more fee-efficient vehicle compared with other listed private equity peers. The company pursues capital appreciation through growth in net asset value over time and pays a bi-annual dividend to shareholders.

FCA Voting Rights Disclosure Figure Updated Following Class A Share Cancellation

Under the FCA's Disclosure Guidance and Transparency Rules, market participants are required to use the total number of voting rights when calculating whether they must notify changes to their interest in a company. Following this cancellation, NBPE confirms the relevant figure for reporting purposes is 35,951,699 voting rights, corresponding to the outstanding Class A Shares. Investors and institutional holders who are approaching notification thresholds should update their calculations accordingly. The company is domiciled in Guernsey and has received the necessary consent of the Guernsey Financial Services Commission to operate as a closed-end investment company.