In this episode of Trust Issues, we speak with Paul Daggett from NB Private Equity Partners (NBPE) about the benefits of co-investments, the outlook for private equity and the scale that Neuberger Berman brings to NBPE.

00:00 Introduction

01:22 Why private equity performance versus listed markets can improve

03:33 What does dry powder mean?

04:22 How will tariffs affect private equity more broadly and NBPE more specifically?

06:46 Are private equity managers introducing any tariff-mitigation strategies?

09:49 Just how much scale does Neuberger Berman have within private markets and how does that benefit NBPE?

13:19 What are co-investments and what are the benefits?

17:43 How NBPE achieves diversification of private equity sponsors

20:03 Examples of the companies NBPE invests in

23:23 The long-term secular trends NBPE is tapping into

26:37 How does NBPE balance the need for share buybacks with the need to keep making new investments?

28:43 The outlook for private equity

31:20 Further information

31:42 Risk warning

Our latest note on NBPE: https://www.trustintelligence.co.uk/investor/articles?fund_id=1

NBPE's website: https://www.nbprivateequitypartners.com/

Please note that this podcast was recorded on 22/07/2025.