Neuberger Private Equity Partners cancels buyback tranche, shares now 39,918,190

Neuberger Private Equity Partners Limited (NBPE) has cancelled the Class A shares repurchased under its buyback agreement with Jefferies International, cutting its outstanding count to 39,918,190.

The repurchase was made under the general authority shareholders granted on 11 June 2026. All bought-back shares will be cancelled, the company said, leaving 3,150,408 Class A shares in treasury. The release gives the post-cancellation totals but not the number of shares in this tranche. Under the FCA's Disclosure Guidance and Transparency Rules, the market should use the 39,918,190 voting-rights figure when assessing disclosure obligations.

NBPE is the listed direct-investment vehicle of Neuberger Berman, investing alongside private equity firms globally. NB Alternatives Advisers LLC, an indirect wholly owned subsidiary of Neuberger Berman Group LLC, handles sourcing, execution and management. The company says the vast majority of its direct investments carry no management fee or carried interest for third-party GPs, a structure it presents as more fee-efficient than other listed private equity companies. NBPE targets net asset value growth and pays a bi-annual dividend. Neuberger Berman, founded in 1939 and employee-owned, manages $567 billion across public and private markets.

For listed private equity trading below net asset value, the buyback is the board's most direct lever: retiring shares leaves the same asset base divided among fewer owners, lifting NAV per share. A shrinking share count also narrows the discount at any given market price. NBPE's statement doesn't say why it acted now, but the arithmetic is standard. At 39,918,190 shares, each future repurchase will move NAV per share slightly more than the last.