NBPE Announces Capital Allocation Framework Update

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Guernsey, 1 June 2026

Update to Capital Allocation Framework to reflect Strong Progress, with Announcement of a
Further $120 million Allocation to Share Buybacks

NB Private Equity Partners (‘NBPE’ or ‘the Company’), the $1.2bn¹ FTSE-250-listed private equity investment company managed by Neuberger, announces an update to its Capital Allocation Framework.

Highlights

A total of $152 million² returned to shareholders since beginning of 2025

• Represents >60% of proceeds received from the portfolio, equivalent to 12% of opening NAV
• $88 million of capital deployed into accretive share buybacks, delivering on NBPE’s commitment to accelerate the pace of share buybacks against the $120 million three-year share buyback programme announced in February 2025

Strong progress in refreshing the portfolio, laying the foundations for future growth

• $104 million committed to six new investments so far in 2026; the pace of further new investments is expected to be balanced with proceeds from portfolio realisations and capital returned to shareholders
  
  

Announcement of a further $120 million allocation to share buybacks over the next two years

• Takes total amount allocated to the share buyback programme to $240 million since the beginning of 2025, reflecting the strength of the portfolio and its prospects, the flexibility of the co-investment model, the Board’s view of the share price’s undervaluation of the portfolio and the NAV per share accretion opportunity that share buybacks present
  
  

William Maltby, Chair of NB Private Equity Partners, commented:

“In November we announced an allocation of at least $100m to new investments and an acceleration of our $120 million share buyback programme. We have made strong progress on both.

“We believe the share price continues to undervalue the portfolio and represents a compelling investment that, at the current discount, is highly accretive. Our accelerated buyback programme continues at pace with $88 million deployed since the beginning of 2025². We are today allocating a further $120 million towards share buybacks, taking total capital allocated to the share buyback programme over the last 15 months to $240 million, or 19% of opening NAV.

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