8 May 2008
Lehman Brothers Private Equity Partners Limited ("LBPE" or "the Company"), a closed-end private equity fund of funds investment company, today announced an updated Net Asset Value ("NAV") as of 30 April 2008 and its financial results for the quarter ending 31 March 2008.
As of 30 April 2008, the unaudited NAV per share was $10.53. This represents an increase of 1.5% compared to the audited NAV per share of $10.37 as of the year ended 31 December 2007 and an increase of 0.3% compared to the unaudited NAV per share of $10.50 as of the quarter ended 31 March 2008.
Year-to-date highlights through April 2008 include:
- Positive performance of +1.5% for the first four months of the year
- Private equity investment level rose to 81% of NAV
LBPE will host a conference call for investors and analysts to discuss the Company's performance today (Thursday, 8 May 2008) at 15.30 CEST / 13.30 GMT / 9.30am EDT. The call can be accessed by dialing +1-866-818-1393 (U.S.) or +1-703-639-1377 (International) with the access code 1235281. Please ask for "the LBPE conference call". A playback facility will be available two hours after the conference call. This facility can be accessed by dialing +1-888-266-2081 (U.S.) or +1-703-925-2533 (International). The code to access the recording is 1235281.
The April 2008 Monthly Report and the Interim Financial Report for the quarter ending 31 March 2008 are available on the Company's Web site at www.lbpe.com. This announcement should be read in conjunction with the April 2008 Monthly Report and the Interim Financial Report. In addition, an investor presentation for the conference call is
available on the Company's Web site under Investor Relations \ Investor Presentations.
LBPE also expects to provide regular NAV updates for the months ending 31 May 2008 and 30 June 2008 within seven business days of each month's end.
For further information, please contact:
Lehman Brothers +44 207 102 3424
Jeremy Apfel
Financial Dynamics +44 207 269 7114
Rob Bailhache
Nick Henderson
