NB Private Equity Partners Ltd on Tuesday said its net asset value fell in February, driven by quoted holdings and negative foreign exchange changes.
The investment company based in Guernsey said its net asset value per share at February 28 was $28.09, reflecting a month-on-month decline of 0.4% from $28.19 at January 31.
NB noted a 0.7% decline from the value of quote holidays. This constitutes 13% of portfolio fair value.
It also said that there was a 0.7% NAV decrease from negative FX movements, primarily attributable to changes in the EUR-USD rate in February 2023.
NB also said it paid a $0.47 dividend in February, in line with its August 2022 dividend.
At February 28, NB had $4 million of cash and $285 million of undrawn credit facility, down from $5 million and $295 million respectively at the end of January. It expects a further $16 million of proceeds from previously announced realisations in the coming months.
Shares in NB were up 2.4% to 1,587.45 pence each in London on Tuesday morning.
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