Neuberger Berman Launches New Offering to Enhance Quality Private Equity Investments Access

London, January 21, 2025 – Neuberger Berman, a leader in the ELTIF space and a private, independent, employee-owned investment manager, proudly announces the launch of the NB Private Equity Open Access Fund, following its successful introduction of one of the first ELTIFs under the revised regulatory regime in early 2024. The fund seeks to provide retail and professional investors access to a diversified portfolio of direct private equity co-investments in a semi liquid structure.

Designed for ease of execution and in accordance with the updated rules, the fund offers monthly subscriptions and quarterly redemptions, and will maintain a target of 15% in liquid investments managed internally by Neuberger Berman. The minimum investment for most share classes is €10,000 making private equity even more accessible to retail investors in the EU. Depending on the country, the fund may also be available direct or via trading platforms.

The fund will focus on direct co-investments in private companies alongside leading private equity managers in their core areas of expertise and in a variety of investment strategies, including strategic growth initiatives, M&A, digital transformation, and operational improvement. The portfolio will mainly target buyout opportunities spread across a range of industries and enterprise values, primarily in the USA and Europe, and will be diversified by vintage.

Investors in the fund will benefit from Neuberger Berman’s co-investment track record spanning over 15 years and its experience in the semi-liquid and intermediary space, managing approximately $14.1 billion across a variety of evergreen private markets vehicles.¹ Given their previous expertise in successfully managing 5 ELTIFs, Neuberger Berman was recently named ‘Best Private Equity ELTIF Manager 2024’ by European rating agency, Scope Group.

Neuberger Berman leverages a global platform with a rich history in both private and public market investing. Within private markets, Neuberger Berman is an industry leader and actively manages over $125 billion of investor commitments across fund and direct investments.¹ 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. Over the last year, the NB Private Markets team of over 420 professionals deployed more than $15.5 billion of capital through primaries, co-investment, secondary, and credit strategies across 190+ separate transactions.

José Luis González Pastor, Managing Director, Private Markets, Neuberger Berman, said: “The NB Private Equity Open Access Fund’s strategy provides immediate exposure to a diversified portfolio, eliminating the complexities of capital calls and reinvestment risk decisions with the asset class.

In the past year, we evaluated more than 2,900 opportunities across our private markets’ platform, and continued to deploy our clients’ capital selectively ensuring exposure to a variety of assets.”

José Cosio, Head of Intermediary Global – ex US, Neuberger Berman, said: “The launch of the NB Private Equity Open Access Fund marks another key milestone for our platform. We continue to broaden and deepen our private markets capabilities to all types of investors by offering lower entry minimums and liquidity requirements.

Having launched one of the first ELTIF vehicles under the amended regime in 2024, our experience as a provider of evergreen vehicles and ELTIFs means we are ideally positioned to support clients as they build out comprehensive private markets’ exposure. With client demand continuing to drive us, we look forward to continuing to expand our offerings in this space.”

The NB Private Equity Open Access Fund provides a range of regular reporting documents on the strategy, portfolio, and underlying holdings delivering timely transparency to its investors. The fund is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).

Investing in NB Private Equity Open Access Fund is subject to risk, including market conditions, no assurance of investment return, legal, tax and regulatory risks, use of leverage, borrowings, highly competitive market for investment opportunities, reliance on key management personnel, potential conflicts of interest, limited liquidity, material, non-public information and liquidity restrictions risks.

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 $508 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. The firm’s leadership in stewardship and sustainable investing is recognized by the PRI based on its consecutive above median reporting assessment results. Neuberger Berman 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. Data as of December 31, 2024.

Neuberger Berman Private Markets is a leading global private equity investor with over 35 years of experience and actively managed over $125 billion of investor commitments as of September 2024 across primary funds, co-investments, secondary investments, private credit and specialty strategies. Over 420 global private market professionals are dedicated exclusively to private markets sourcing, executing and monitoring investments.

Biography José Luis González Pastor

José Luis González Pastor is a Managing Director of Neuberger Berman in the Private Equity team and a senior member of the firm’s Private Investment Portfolios and Co-Investments group where he leads fund investments and direct co-investments. Prior to joining the firm in 2012, Mr. González worked at Qualitas Equity Partners, a Spanish Private Equity Fund focused on the Iberia middle-market. Before that, Mr. González worked as Investment Banking Analyst at DC Advisory Partners (formerly known as Atlas Capital Close Brothers and currently Daiwa Securities). Mr. González received an MBA with honors from The Wharton School of the University of Pennsylvania and a MA with honors in International Studies at the Lauder Institute of the University of Pennsylvania. Mr. González graduated with a BA in Business Administration and a LLB in Law from Universidad Pontificia Comillas (ICADE).

Biography Jose Cosio

José Cosio is a Managing Director and heads Neuberger Berman’s Global Ex-U.S. Intermediary efforts. He leads the firm’s Intermediary Teams in EMEA, Asia and Latin America, working closely with the various sales teams across the regions and partnering with intermediary colleagues in the U.S. Jose is a member of the firm’s Partners Committee.

Jose has a depth of experience in distribution, strategy and relationship management across the full spectrum of intermediary clients with specific proficiency across the largest multi-regional firms. Prior to Neuberger Berman, Jose spent nine years at Alliance Bernstein in various business development and senior management roles, including SVP/Managing Director of Global Financial Intermediaries, U.K., MENA & Southern Europe. He holds a B.S. in Finance & Computer Information Systems from Tulane University and securities licenses in the U.S.

Media Contacts:

Fiona Kehily, +44 (20) 3214 9087, Fiona.Kehily@nb.com