Trust Issues: Investing in private equity with NBPE's Paul Daggett

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.