In this interview, analyst Mark Thomas outlines the key takeaways from NBPE’s 2025 Capital Markets Day, highlighting the company’s high-quality, mature portfolio and strong operating performance. He notes improving exit prospects, balance sheet flexibility and differentiated access to attractive co-investment opportunities, underpinned by a healthy pipeline focused on mid-life assets. The company also emphasised the compelling risk-reward profile of its co-investment strategy, which delivers private equity–level returns with lower gearing, minimal unfunded commitments and reduced exposure to other risks. This confidence is reinforced by strong recent realisations supporting an accelerated buyback programme, increased investment activity and the continuation of the existing dividend policy.
Key Moments:
NB Private Equity Partners is a London-listed investment company providing investors with access to a diversified portfolio of private equity co-investments, primarily in the mid-market.
