A0MXLB NB Private Equity Partners

Hardman & Co Research on NB Private Equity Partners (NBPE): Value creation in a higher-rate environment

Hardman & Co Research
Hardman & Co Research on NB Private Equity Partners (NBPE): Value creation in a higher-rate environment

07-March-2024 / 12:37 GMT/BST
The issuer is solely responsible for the content of this announcement.


Hardman & Co Research | Investment Companies

NB Private Equity Partners (NBPE) | Value creation in a higher-rate environment

 

In this note, we explore how the sources of value creation have evolved and how NBPE’s GP partners are expected to organically and inorganically 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 builds on the drivers of historical superior EBITDA (see ). Investors should note that interest rates are just one of many factors that GPs manage. NB’s views on value creation were outlined in its piece, .

 

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