StockNews.AI
CHWY
StockNews.AI
5 hrs

NBPE - August Monthly Net Asset Value Estimate

1. NB Private Equity's NAV per share was $27.79 as of August 2025. 2. Petsmart/Chewy represents 1.3% of NBPE's investment portfolio. 3. Share buybacks have been accretive to NAV; approximately $1 million in August. 4. Year-to-date realisations reached $86 million with strong liquidity of $269 million. 5. 2.3% increase in private company valuations noted during Q2 2025.

9m saved
Insight
Article

FAQ

Why Neutral?

CHWY's minimal exposure to a private equity firm does not strongly influence its stock price. Similar past scenarios showed limited direct impact on related companies when underlying private equity valuations fluctuated.

How important is it?

While Chewy is a notable investment for NBPE, changes in NAV are infrequent catalysts for CHWY. However, ongoing liquidity and investment strategies could be monitored for longer-term implications.

Why No Impact?

Given the nature of private equity metrics, short-term impacts are negligible for public companies like CHWY. Historical data indicates little correlation between private firm performance and public stock price movements unless a major event occurs.

Related Companies

GFLNFLX
September 15, 2025 02:00 ET  | Source: NB Private Equity Partners Limited NBPE Announces August Monthly NAV Estimate St Peter Port, Guernsey 15 September 2025 NB Private Equity Partners (NBPE), the $1.3bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 31 August 2025 monthly NAV estimate. NAV Highlights (31 August 2025) NAV per share was $27.79 (£20.57), a total return of 0.9% in the month100% of valuation information as of Q2 2025 or August quoted holdingsPrivate company valuations were up 2.3% during Q2 2025 and 1.9% year-to-date, on a constant currency basisTotal realisations of $86 million and $12 million of follow-on investments year-to-date; $9 million of additional pending realisations awaited$269 million of available liquidity at 31 August 2025~52k shares repurchased (~$1.0 million) during August 2025 at a weighted average discount of 28% which was accretive to NAV by ~$0.01 per share. Year-to-date, NBPE has repurchased ~921k shares (~$18 million) at a weighted average discount of 29% which was accretive to NAV by ~$0.17 per share As of 31 August 2025Year-to- DateOne Year3 years5 years10 yearsNAV TR (USD)*Annualised4.5%4.8%11.1%3.6%78.7%12.3%165.2%10.2%MSCI World TR (USD)*Annualised14.1%16.2%68.8%19.1%87.6%13.4%214.5%12.1%      Share price TR (GBP)*Annualised(7.0%)(7.7%)0.3%0.1%92.0%13.9%186.6%11.1%FTSE All-Share TR (GBP)*Annualised14.5%12.6%38.6%11.5%77.7%12.2%108.5%7.6% * All NBPE performance figures assume re-investment of dividends on the ex-dividend date and reflect cumulative returns over the relevant time periods shown. Three-year, five-year and ten-year annualised returns are presented for USD NAV, MSCI World (USD), GBP Share Price and FTSE All-Share (GBP) Total Returns. Portfolio Update to 31 August 2025NAV performance during the month driven by: 0.6% NAV increase ($7 million) from changes in quoted holdings0.6% NAV increase ($7 million) attributable to changes in FX ratesImmaterial impact on NAV per Share from the receipt of new Q2 2025 private company valuation information(0.2%) NAV decrease ($3 million) attributable to expense accruals $86 million of realisations year-to-date ~$13 million received during the month from the partial realisation of Tendam; YTD realisations driven by partial sales / exits of private holdings. Remaining realisations consisted of proceeds from the sales of quoted holdings and other partial realisations$9 million of pending realisations awaited in the coming weeks $269 million of total liquidity at 31 August 2025 $59 million of cash and liquid investments with $210 million of undrawn credit line available 2025 Share Buybacks ~52k shares repurchased in August 2025 at a weighted average discount of 28%; buybacks were accretive to NAV by ~$0.01 per shareYear-to-date, NBPE has repurchased ~921k shares at a weighted average discount of 29% which was accretive to NAV by ~$0.17 per share Portfolio ValuationThe fair value of NBPE’s portfolio as of 31 August 2025 was based on the following information: 7% of the portfolio was valued as of 31 August 2025 7% in public securities 93% of the portfolio was valued as of 30 June 2025 93% in private direct investments For further information, please contact: NBPE Investor Relations        +44 (0) 20 3214 9002Luke Mason        NBPrivateMarketsIR@nb.com   Kaso Legg Communications        +44 (0)20 3882 6644Charles Gorman        nbpe@kl-communications.comLuke DampierCharlotte Francis Supplementary Information (as at 31 August 2025) Company NameVintageLead SponsorSectorFair Value ($m)% of FVAction20203iConsumer91.17.0%Osaic2019Reverence CapitalFinancial Services69.85.4%Solenis2021Platinum EquityIndustrials64.35.0%Monroe Engineering2021AEA InvestorsIndustrials49.03.8%BeyondTrust2018Francisco PartnersTechnology / IT47.63.7%Business Services Company*2017Not DisclosedBusiness Services41.43.2%FDH Aero2024Audax GroupIndustrials39.13.0%True Potential2022CinvenFinancial Services38.53.0%Branded Cities Network2017Shamrock CapitalCommunications / Media37.52.9%Mariner2024Leonard Green & PartnersFinancial Services35.12.7%GFL (NYSE: GFL)2018BC PartnersBusiness Services33.72.6%Marquee Brands2014Neuberger BermanConsumer32.42.5%Auctane2021Thoma BravoTechnology / IT29.02.2%Staples2017Sycamore PartnersBusiness Services28.72.2%Engineering2020Renaissance Partners / Bain CapitalTechnology / IT27.12.1%Stubhub2020Neuberger BermanConsumer26.42.0%Constellation Automotive2019TDR CapitalBusiness Services26.02.0%Benecon2024TA AssociatesHealthcare25.82.0%Viant2018JLL PartnersHealthcare25.42.0%Agiliti2019THLHealthcare25.32.0%Exact2019KKRTechnology / IT25.11.9%Fortna2017THLIndustrials25.11.9%Solace Systems2016Bridge Growth PartnersTechnology / IT24.71.9%Excelitas2022AEA InvestorsIndustrials24.11.9%Kroll2020Further Global / Stone PointFinancial Services23.91.8%CH Guenther2021Pritzker Private CapitalConsumer20.91.6%Addison Group2021Trilantic Capital PartnersBusiness Services19.91.5%Real Page2021Thoma BravoTechnology / IT18.91.5%AutoStore (OB.AUTO)2019THLIndustrials17.51.4%Petsmart / Chewy (NYSE: CHWY)2015BC PartnersConsumer17.11.3%Total Top 30 Investments    $1,010.4 78.2% *Undisclosed company due to confidentiality provisions. Geography% of PortfolioNorth America76%Europe23%Asia / Rest of World1%Total Portfolio100%  Industry% of PortfolioTech, Media & Telecom22%Consumer / E-commerce22%Industrials / Industrial Technology18%Financial Services14%Business Services12%Healthcare8%Other3%Energy1%Total Portfolio100%  Vintage Year% of Portfolio2016 & Earlier10%201713%201813%201914%202014%202118%20226%20232%20249%20251%Total Portfolio100% About NB Private Equity Partners LimitedNBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend. LEI number: 213800UJH93NH8IOFQ77 About Neuberger BermanNeuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $538 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger's investment philosophy is founded on active management, fundamental research and engaged ownership. The firm has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of June 30, 2025, unless stated otherwise. 1 Based on net asset value. August 2025 NBPE Factsheet vF Attachments August 2025 NBPE Factsheet vF...

Related News