Overview
The portfolio of direct equity investments is diversified across industry, vintage year and underlying private equity manager. NBPE key portfolio stats include:
82
Portfolio companies;
6 other investments
6 other investments
91%
Fair value of top 50 companies
51
Private equity managers invested alongside
As at 30 September 2024.
The portfolio includes investments with unique investment angles and companies that have multiple value-creation levers.
- High-quality private equity managers and management teams
- Industry growth or secular trends
- Growth of new markets or product offerings
- Operational enhancements and M&A opportunities
- Clear exit paths
A focus on the US market
The portfolio is weighted to North American investments. This is the largest private equity market globally and the Manager believes the overall dynamics in this market relative to other geographies has generally offered the most attractive investment opportunities.
A focus on companies expected to benefit from long-term structural growth trends
The Portfolio is well diversified and is constructed without setting specific industry targets. Instead the Manager looks for companies backed by high-quality private equity managers with strong business characteristics in favoured sectors that the Manager believes can grow faster than gross domestic product.
An attractive maturity profile
The portfolio is on average positioned within the window of the three- to five-year holding period that is typically targeted by most private equity managers.
As at 30 September 2024.