NB Global Private Equity Access Fund Surpasses $1 Billion AUM Milestone

London, September 2, 2025 – Neuberger Berman, a private, independent, employee-owned investment manager, today announces that its NB Global Private Equity Access Fund (“Global Access”) has now surpassed $1 billion in assets under management. Neuberger has seen strong momentum across its evergreen fund offerings, driven by subscriptions from a diverse and balanced investor base, made up of institutional, intermediary and individual investors.

Contributing to this momentum, Neuberger is also pleased to announce the first close of NB Private Equity Open Access Fund (“Open Access”), its second Private Equity ELTIF 2.0, at €110 million, with strong demand from individual private wealth investors through Neuberger’s distribution partners. Open Access launched in June 2025 to make private equity more accessible to retail investors in the EU and has a minimum investment of €10,000 for most share classes. The Fund has already committed to 16 transactions alongside highly regarded private equity managers, providing current and future investors with a diversified portfolio, showcasing Neuberger’s ability to invest efficiently. Recent examples include investments in Nord Anglia and Mariner Wealth Advisors.

Neuberger’s ELTIF 2.0 partnership with LIQID has also seen strong investor appetite, raising €200 million since its launch in May 2024 and expanding access to private equity investments for mass affluent investors in Germany. LIQID is Germany’s pioneer in digital asset management.

Neuberger’s evergreen and ELTIF fund strategies leverage the deal flow sourced from Neuberger’s $140bn private markets platform which today reviews 20 direct private equity transaction opportunities per week. Both strategies focus on investing directly into private companies alongside leading private equity managers in their core areas of expertise. This approach provides fee and capital efficient exposure to private equity. The Funds primarily target buyout opportunities across a range of industries and company sizes, with the flexibility to invest globally across Europe, North America, and Asia.

Investors in the Funds also benefit from Neuberger’s experience in the semi-liquid and intermediary space, managing approximately $15.1billion across a variety of evergreen private markets vehicles globally.

José Luis González Pastor, Managing Director at Neuberger commented: “Access to high-quality companies and managers with a flexible approach is what differentiates our platform. Since January we’ve made close to 25 new investments across our evergreen and ELTIF strategies, leveraging Neuberger’s deep GP-partnerships and large global investment team. This strong fundraising momentum reflects the demand from clients both institutional and non-institutional for a highly efficient and diversified access point to private markets that doesn’t compromise quality.”

“We are encouraged by the strong and growing institutional foundation within the range, which creates a stable platform for individual private wealth investors and by the strong deal flow of high-quality opportunities to deploy capital.”

José Cosío, Managing Director, Head of Intermediary Global – ex US at Neuberger commented: “The interest from sophisticated investors in our evergreen platform is a testament to their conviction in our strategy and the flexibility these solutions offer to all investor types. Our clients are constantly seeking efficient ways to put capital to work, at the same time, they are looking for ways to reduce reinvestment risk and the time spent re-underwriting investment partners. Our scale and manager focused strategy mean we are uniquely positioned to help both institutional and wealth investors achieve those goals.”

Neuberger has over $140 billion of assets under management across private markets, including primaries, co-investments, secondaries, direct lending, capital solutions, and other strategies. The firm’s integrated platform brings together 35 years of private markets experience and, as a preferred partner to the world’s leading private equity managers, unparalleled access to high-quality investment opportunities and deal flow. In 2024, the Neuberger Private Markets team of over 450+ professionals deployed more than $17.5 billion of capital across 300+ separate transactions.

About Neuberger Berman

Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $538 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger's investment philosophy is founded on active management, fundamental research and engaged ownership. The firm has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of June 30, 2025.

About Neuberger Private Markets

Neuberger Private Markets is a division of Neuberger Berman and has been an active and successful private markets investor since 1987. Neuberger Private Markets invests across strategies, asset classes, and geographies for a large number of sophisticated and renowned institutions and individuals globally. As of March 31, 2025, Neuberger Private Markets manages over $140 billion of investor commitments across primaries, co-investments, secondaries, private credit, and specialty strategies. Neuberger Private Markets has an experienced and diverse team of over 450 professionals with a global presence across the United States, Europe, and Asia.

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