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Neuberger vehicle posts rise as listed funds enjoy resurgence

The listed fund of funds managed by Lehman Brothers spin-off Neuberger Berman has shrugged off the effects of the US bank's collapse on its share price and posted encouraging results for the second quarter, which lend further support to growing optimism in the listed private equity sector.

NB Private Equity Partners said its net asset value per share had increased to $8.35 as of June 30, representing a 7.2% rise from the March 31 figure.

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