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Trust Issues: Investing in private equity with NBPE's Paul Daggett
Description
In this episode of Trust Issues, we speak to Paul Daggett, co-manager of Neuberger Private Equity Partners, about the investment case for private equity, why he's seeing bright spots within NBPE's portfolio and how management assesses AI risk when investing.
00:00 Introduction
00:59 Bright spots in the performance of NBPE's underlying portfolio
02:41 How younger vintages are outperforming and why it's crucial to refresh the portfolio
05:25 What is a mid-life co-investment and why are they so attractive to NBPE today?
08:22 How NBPE's portfolio might look in five years' time
10:17 How much opportunity is there out there for new deals?
11:50 What are the three different types of co-investments?
13:25 Why the decision to increase in gearing came about
16:06 The outlook for realisation activity
18:07 How management assesses the risk of AI disruption to portfolio companies and new investments
21:38 The importance of diversification and why NBPE complements a portfolio of public equity funds
24:18 How much opportunity and innovation do you see within European private markets
25:18 Further information
25:45 Risk warning
Our latest note on NBPE - https://www.trustintelligence.co.uk/investor/articles?fund_id=1
NBPE website - https://www.neubergerprivateequitypartners.com/en/
Please note that this podcast was recorded on 6 August 2026.