NBPE Announces Appointment of a New Non-Executive Director
September 20 2023 - 2:00AM
NBPE Announces Appointment of a New Non-Executive Director
THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION
OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK,
JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH
JURISDICTIONS
20 September 2023
The Board of NB Private Equity Partners Limited
(the “Company” or “NBPE”) is pleased to announce that Pawan Dhir
has been appointed as an independent non-executive Director of the
Company with effect from 19 September 2023.
Mr Dhir brings over three decades of global
experience in finance in private equity, as well as the wider asset
and wealth management sectors. He has held a number of leadership
positions in finance, audit, risk management and valuations,
including specialising in the valuation of unquoted shares and
securities.
Mr Dhir worked for UBS for nearly 25 years,
where he was latterly Managing Director and Global Head of
Financial Accounting & Controlling, and was previously at
Morgan Stanley. He is a Fellow of the Institute of Chartered
Accountants in England and Wales, having qualified with Coopers
& Lybrand. Mr Dhir graduated from the University of Manchester
with a BSc in Physics. He is a non-executive Director and Audit
Chair at the Royal Free London NHS Foundation Trust and holds a
number of Board Trustee positions in the educational sector.
This appointment follows the Board’s decision to
increase the size of the Board temporarily from five to six as part
of its succession planning. In particular, the appointment fulfills
the Board’s objective of recruiting early for the succession of the
current Audit Chair, John Falla, who is due to retire at the 2025
AGM.
Mr Dhir has been appointed to the Audit
Committee, Management Engagement Committee and the Nomination &
Remuneration Committee. All appointments are effective from 19
September.
William Maltby, Chairman of
NB Private Equity Partners Limited,
said: “We are delighted to welcome Pav to
the the Board. He brings a depth and breadth of knowledge in
finance, audit and risk management which is highly complementary to
the skills and expertise of the Board. We look forward to working
closely with Pav over the coming years.”
Pav Dhir
said: “Private equity is a
fast-growing asset class and NBPE has an attractive, strong track
record of returns, leveraging its unique co-investment model. I
look forward to working with my new colleagues on the Board and
being part of NBPE’s ongoing growth and value creation as NBPE
engages with a wider range of investors."
This announcement is made In accordance with Listing Rule
9.6.11. Additionally, it is noted there are no further disclosures
required for Mr Dhir in respect of paragraphs 9.6.13 of the
Financial Conduct Authority's Listing Rules.
For further information, please
contact:
NBPE Investor Relations
+1 214 647
9593
Kaso Legg
Communications +44
(0)20 3995 6673
Charles Gorman
nbpe@kl-communications.com
Luke Dampier
Charlotte Francis
About NB Private Equity Partners
Limited
NBPE 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 Berman
Neuberger Berman, founded in 1939, is a private,
independent, employee-owned investment manager. The firm manages a
range of strategies—including equity, fixed income, quantitative
and multi-asset class, private equity, real estate and hedge
funds—on behalf of institutions, advisors and individual investors
globally. Neuberger Berman’s investment philosophy is founded on
active management, engaged ownership and fundamental research,
including industry-leading research into material environmental,
social and governance factors. Neuberger Berman is a PRI Leader, a
designation awarded to fewer than 1% of investment firms. With
offices in 26 countries, the firm’s diverse team has over 2,750
professionals. For nine consecutive years, Neuberger Berman has
been named first or second in Pensions & Investments Best
Places to Work in Money Management survey (among those with 1,000
employees or more). The firm manages $443 billion in client assets
as of June 30, 2023. For more information, please visit our website
at www.nb.com.
This press release appears as a matter of record only and does
not constitute an offer to sell or a solicitation of an offer to
purchase any security. NBPE is established as a closed-end
investment company domiciled in Guernsey. NBPE has received the
necessary consent of the Guernsey Financial Services Commission.
The value of investments may fluctuate. Results achieved in the
past are no guarantee of future results. This document is not
intended to constitute legal, tax or accounting advice or
investment recommendations. Prospective investors are advised to
seek expert legal, financial, tax and other professional advice
before making any investment decision. Statements contained in this
document that are not historical facts are based on current
expectations, estimates, projections, opinions and beliefs of
NBPE's investment manager. Such statements involve known and
unknown risks, uncertainties and other factors, and undue reliance
should not be placed thereon. Additionally, this document contains
"forward-looking statements." Actual events or results or the
actual performance of NBPE may differ materially from those
reflected or contemplated in such targets or forward-looking
statements. |
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