Lehman Brothers Private Equity Partners Limited Announces
Monthly Net Asset Value Update for March 2008

8 April 2008

Lehman Brothers Private Equity Partners Limited ("LBPE" or "the
Company"), a closed-end
private equity fund of funds investment company, today announced an
updated valuation of
its Net Asset Value ("NAV").

As of 31 March 2008, the unaudited NAV per share was $10.51. This
represents an increase
of 1.4% compared to the unaudited 29 February 2008 NAV per share of
$10.37 and an
increase of 1.4% compared to the audited 31 December 2007 NAV per
share of $10.37.
LBPE expects to issue its interim report and financial statements for
the quarter ended 31
March 2008 and host its next investor conference call during the week
of 5 May 2008. The
Company is required to consider, and will consider, all known
material information in
preparing such financial statements, including information that may
become known
subsequent to the issuance of this monthly NAV update. Accordingly,
amounts included in
the financial statements may differ from the amounts published in the
monthly report.

LBPE expects to provide a NAV update for the month ending 30 April
2008 concurrent with
the release of the interim financial report. In addition, the Company
expects to provide a
regular NAV update for the month ending 31 May 2008 within seven
business days of
month's end.

A breakdown of LBPE's NAV can be obtained in the monthly report for
the period ending 31
March 2008, which is published on the Company's Web site at
www.lbpe.com. The monthly
report should be read in conjunction with this announcement.

For further information, please contact:

Lehman Brothers +44 207 102 3424
Jeremy Apfel

Financial Dynamics +44 207 269 7114
Rob Bailhache
Nick Henderson


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