Neuberger Private Equity Partners Limited (NBPE), the Guernsey-domiciled listed private equity investment company, has announced a share buyback transaction on the London Stock Exchange, purchasing 5,000 Class A Shares on 3 November 2026 at a fixed price of £15.20 per share. The buyback was executed under shareholder authority granted 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 Class A Shares to 36,080,557. Investors tracking voting thresholds under FCA Disclosure Guidance and Transparency Rules should use this updated figure when assessing notification obligations.

Key Points

  • Neuberger Private Equity Partners Limited (NBPE), listed on the London Stock Exchange, domiciled in St Peter Port, Guernsey
  • NBPE purchased 5,000 Class A Shares on 3 November 2026 at £15.20 per share, with all shares to be cancelled
  • Following cancellation, outstanding Class A Shares stand at 36,080,557; the company also holds 3,150,408 Class A Shares in treasury
  • Investors should monitor further buyback activity under the existing shareholder-approved authority and any subsequent changes to the voting rights figure

NBPE Cancels 5,000 Class A Shares Under June 2026 Shareholder Authority

The buyback was conducted pursuant to a general authority granted by NBPE shareholders at a meeting held on 11 June 2026, in conjunction with the company's standing buy-back agreement with Jefferies International Limited. The announcement confirms that the highest and lowest price paid per share was identical at £15.20, indicating the entire transaction was executed at a single price point. All 5,000 shares purchased will be cancelled rather than held in treasury, directly reducing the company's total issued share count and potentially supporting net asset value per share over time.

Outstanding Voting Rights Fall to 36,080,557 Following Cancellation

Following the cancellation of the repurchased shares, NBPE's total outstanding Class A Shares stand at 36,080,557. The company separately holds 3,150,408 Class A Shares in treasury, which do not carry voting rights. The announcement explicitly directs market participants to use the figure of 36,080,557 voting rights for the purposes of FCA Disclosure Guidance and Transparency Rules reporting. Shareholders and institutional investors are required to reassess whether any changes to their holdings now trigger notification obligations under those rules, given the revised total voting rights figure.

NBPE's Direct Private Equity Model and Fee-Efficient Structure

NBPE invests in direct private equity transactions alongside leading private equity firms on a global basis, with investment management overseen by NB Alternatives Advisers LLC, an indirect wholly owned subsidiary of Neuberger Berman Group LLC. The company's investment structure is designed to minimise fee drag: the announcement states that the vast majority of direct investments carry no management fee and no carried interest payable to third-party general partners. NBPE targets capital appreciation through net asset value growth and pays a bi-annual dividend, distinguishing its return profile from other listed private equity vehicles.

Neuberger Berman's Global Platform Underpins NBPE's Deal Sourcing

NBPE's investment manager, Neuberger Berman, operates from 39 cities across 26 countries and employs more than 780 investment professionals as of 30 June 2026. The broader Neuberger Berman group manages equity, fixed income, private equity, and hedge fund strategies for institutions, advisers, and individual investors worldwide. As a private, employee-owned firm with no external parent shareholders, Neuberger Berman's structure is cited as aligning its interests with clients. For NBPE investors, the scale and reach of the parent platform represents a key factor in the company's ability to source and execute co-investment opportunities globally.