City of London Investment Group: Creating Value in a High-Rate Environment

• Hardman & Co Research on NB Private Equity Partners (NBPE) focuses on value creation in a higher-rate environment
• NBPE's GP partners are expected to generate incremental EBITDA growth to offset higher interest costs
• Long-term target returns for new deals on the NB platform remain unchanged
• Interest rates are just one of many factors that GPs manage
• NB's views on value creation were outlined in its piece, Navigating value creation in private equity
• Hardman & Co Research is authorized and regulated by the Financial Conduct Authority and can still be accessed for free after MiFID II