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In our note, Value creation in a higher-rate environment, we explored how the sources of value creation have evolved and how NBPE’s GPs are expected to generate incremental EBITDA growth to offset higher interest costs. Long-term target returns for new deals on the NB Platform are unchanged, despite the short-term interest rate noise. This note built on the drivers of historical superior EBITDA (see 2023 CMD: value creation from growing companies). NB’s own views are in Navigating value creation in private equity.
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