Saba Capital increases stake in Neuberger Private Equity Partners trust

Saba Capital increased its stake in the Neuberger Private Equity Partners trust to over 5%, according to an announcement on the London Stock Exchange. The trust invests in private companies and private equity managers, with approximately three-quarters of its portfolio concentrated in the US. The trust currently trades at a 27.8% discount to its Net Asset Value.

The trust has outperformed the IT Private Equity sector average over the past 12 months, while still trading at a significant discount. Analysts suggest that Saba Capital's increased exposure highlights the attraction of this discount, prompting discussion about whether the trust will pursue more radical solutions to narrow the gap.