XXXXX | Neuberger Private Markets Access Fund

Why Invest

A direct, multi-manager evergreen private equity strategy seeking long-term growth

Direct Exposure to Private Companies

Seeks to invest in high-quality and growing private companies

Multi-Manager Approach, Partnering with Leading Private Equity Firms

Leveraging the power of Neuberger’s differentiated deal flow to source attractive opportunities

Core Evergreen Private Equity Solution

Access to a diversified portfolio of private equity investments through a structure that seeks compounding returns while providing simplicity and fee efficiency

NEW

Monthly Fund Update

Learn about recent performance and notable investment highlights from our Investment Team

View More
0:00

Fund Overview

0:00
The Access Fund Edge

An overview of how the Access Fund draws on Neuberger’s platform strength to deliver a diversified portfolio of high-quality private equity investments – built on conviction, powered by deep partnerships with top-tier sponsors.

0:00
Private Equity, Simplified

Discover how the Access Fund’s evergreen structure cuts through the complexity of traditional private equity – giving investors simplicity, flexibility, and continuous access in one streamlined vehicle.

Performance

Case Studies

mariner

Mariner Wealth Advisors is a leading, national Registered Investment Advisor (“RIA”) providing comprehensive wealth management services to over 30,000 clients nationwide. Founded in 2006 with a client-first culture, the Company is a fully integrated RIA operating under a single brand with centralized sales, middle- and back-office functions. Mariner provides clients with a coordinated, customized experience, offering services for individuals and businesses across tax planning and preparation, estate planning, trust services, investment management, and personal insurance solutions.

Investment Year
2024
Deal Type
Mid-Life Co-Investment
Industry
Financial Services
Lead Sponsor
Leonard Green & Partners
Geography
North America
% of NAV
4.2%

All information in this section is as of the date of this presentation (unless otherwise noted) and includes certain investments of the Fund as of that date. The investments presented in this section are solely for the informational purpose of describing investment themes and objectives that are generally consistent with those of the Fund, the investment process and analysis used by Neuberger to evaluate such investments, as well as Neuberger’s capabilities in sourcing and managing such investments, and should not be deemed to be a recommendation to buy or sell any security mentioned. Investment opportunities pursued by the Fund may be different, potentially materially, from the opportunities described herein. The opinions expressed herein reflect the current opinions of Neuberger as of the date hereof. There can be no guarantee the views and opinions expressed in this presentation will come to pass.

Subscribe to receive monthly updates on the Neuberger Private Markets Access Fund

Private Markets Academy

Education

Private Markets Academy

Whether you’re building foundational knowledge or seeking advanced insights, the Neuberger Private Markets Academy offers access to accredited courses and educational resources designed to be explored at your own pace.

Learn More

Neuberger Private Markets Advantage

Integrated platform providing access to high-quality investments in partnership with leading private equity managers

${{PM Capital Commitments USD}}B

In Capital Commitments3

{{PM Years Investing}}

Years of Investing

${{PM Capital Commitments 3 years}}B

Of Capital Committed Over the Past Three Years4

Documents

Fund Literature - 6 documents

Fund Literature Documents Listing and Download
Download
LPL Financial Additional Investment Form

Related Insights

1 Although the terms listed in this column are common for traditional private equity funds, the terms of many such funds may deviate, and in some cases materially, from these in one or more respects.

2 It is anticipated that under normal circumstances, the Fund will conduct repurchase offers of up to 5% of the Fund’s net assets each quarter. The Board may under certain circumstances elect to postpone, suspend or terminate a repurchase offer. The terms and conditions of a tender offer, including the applicable deadline for submitting repurchase requests, will be provided to investors in connection with such tender offer and filed with the SEC. No assurance can be given that repurchases will occur or that any Shares properly tendered will be repurchased by the Fund. Due to these restrictions, an investor should consider an investment in the Fund to be of limited liquidity.

3 As of December 31, 2025. Aggregate Committed Capital represents total commitments to active vehicles (including commitments in the process of documentation or finalization) managed by Neuberger Private Markets.

4 Represents opportunities reviewed, made and committed to across primaries, co-investments and secondaries by Neuberger Private Markets from 2023 – 2025.

5 Average annual retention from 2020 through December 2025 of Senior Investment Professionals (Managing Directors and Principals) within Neuberger Private Markets. Computed as # of departures (excluding retirements and individuals who have transferred to other roles in the firm) over total # of Neuberger Private Markets.

6 Represents Senior Investment Professionals (Senior Advisors, Managing Directors and Principals/Senior Vice Presidents) within Neuberger Private Markets, as of December 31, 2025.

7 As of December 31, 2025.

8 Represents active portfolio companies for Private Investment Portfolios and Co-Investments (“PIPCO”) and Secondaries since inception as of June 30, 2025.

9 As of June 30, 2025. Includes active fund commitments only and excludes commitments not funded. Active fund commitments consists of Primaries and PIPCO only Secondaries.

10 Includes Limited Partner Advisory Committee seats and observer seats for PIPCO and Secondaries since inception as of September 30, 2025.

Risk Summary

An investor should consider the Neuberger Private Markets Access Fund’s investment objectives, risks and fees and expenses carefully before investing. This and other important information can be found in the Fund’s prospectus, which an investor can obtain by calling 212.476.5373 or by emailing NBPrivateMarketsIR@nb.com or visiting the Fund’s website at https://www.nb.com/accessfund. Please read the prospectus carefully before making an investment.

IMPORTANT NOTE ON INVESTOR ELIGIBILITY: Please note that the Fund will sell its limited liability company interests (“shares”) only to eligible investors that are “qualified clients” as defined in Rule 205-3 under the Investment Advisers Act of 1940, as amended. In addition, shares are generally being offered only to investors that are U.S. persons for U.S. federal income tax purposes. The qualifications required to invest in the Fund will appear in subscription documents that must be completed by each prospective investor.

An investment in the Fund involves a high degree of risk and therefore should only be undertaken by qualified investors whose financial resources are sufficient to enable them to assume these risks and to bear the loss of all or part of their investment. The Fund is registered under the Investment Company Act of 1940, as amended, as a non-diversified, closed-end management investment company. The Fund and Neuberger do not guarantee any level of return or risk on investments and there can be no assurance that the Fund’s investment objective will be achieved.

The Fund’s investment program is speculative and entails substantial risks. Investors should consult with their own financial, legal, investment and tax advisors prior to investing in the Fund. There is no assurance that the investments held by the Fund will be profitable, that there will be proceeds from such investments available for distribution to investors, or that the Fund will achieve its investment objective. There can be no assurance that projected or targeted returns for the Fund will be achieved.

An investment in the Fund should be considered illiquid. An investment in the Fund is not suitable for investors who need access to the money they invest. Although the Fund may offer to repurchase a limited amount of the Fund’s shares from time to time via quarterly repurchase offers, the Fund’s shares will not be redeemable at an investor’s option nor will they be exchangeable for shares of any other fund. As a result, an investor may not be able to sell or otherwise liquidate his or her shares. There will be a substantial period of time between the date as of which investors must submit a request to have their shares repurchased and the date they can expect to receive payment for their shares from the Fund. The Board of the Fund may under certain circumstances elect to postpone, suspend or terminate an offer to repurchase shares.

The Fund’s shares are not listed, and are not expected to be listed, for trading on any securities exchange, and the Fund does not expect any secondary market to develop for its shares in the foreseeable future. The Fund’s shares are subject to substantial restrictions on transferability and resale and may not be transferred or resold except as permitted under the Fund’s limited liability company agreement.

A substantial portion of the Fund’s assets are expected to consist of direct investments in private companies as well as investments in private equity portfolio funds that primarily invest in securities of private companies. Investments in private companies involve a high degree of business and financial risk that can result in substantial losses. Operating results for private companies in a specified period will be difficult to predict.

The Fund’s private equity investments will be illiquid and typically cannot be transferred or redeemed for a substantial period of time. The Fund’s private equity investments in most cases will be highly illiquid and difficult to value. Unless and until those investments are sold or mature into marketable securities, they will remain illiquid.

The Fund intends to elect for treatment, and to qualify each year to be treated, as a regulated investment company or a “RIC.” As such, the Fund must satisfy, among other requirements, certain ongoing asset diversification, source-of-income and annual distribution requirements. If the Fund fails to qualify as a RIC it will become subject to corporate-level income tax, and the resulting corporate taxes could substantially reduce the Fund’s net assets, the amount of income available for distributions to investors, the amount of distributions and the amount of funds available for new investments.

This material is general in nature and is not directed to any category of investors and should not be regarded as individualized, a recommendation, investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions and the appropriateness of this material should be made based on an investor’s individual objectives and circumstances and in consultation with his or her advisors.

Neuberger Berman Investment Advisers LLC (“NBIA”) serves as the Fund’s investment adviser and has engaged NB Alternatives Advisers LLC as sub-adviser to assist with investment decisions. Neuberger Berman BD LLC, member FINRA, an affiliate of NBIA, acts as distributor for the Fund’s shares.

The “Neuberger” names and logos and “Neuberger Berman Investment Advisers LLC” are registered service marks of Neuberger Berman Group LLC. The individual Fund name is either a service mark or a registered service mark of Neuberger Berman Investment Advisers LLC or Neuberger Berman Group LLC.

© 2026 Neuberger Berman BD LLC, distributor. All rights reserved.

Certain products and services may not be available in all jurisdictions or to all client types. The information provided herein is not directed at any investor or category of investors and is provided solely as general information about our products and services and to otherwise provide general investment education. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as Neuberger Berman Group LLC (and its affiliates, “Neuberger”) is not undertaking to provide impartial investment advice, act as an impartial adviser, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement investor, contact your financial advisor or other non-Neuberger fiduciary about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances.

More information on awards is available here.

This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.

Neuberger strives to provide individuals with disabilities equal access to our services, including through an accessible website. If you have questions, comments, or encounter any difficulty using our site, please call us at +1 212 476 9000.

Illustration(s) may have been generated by AI.

©2009-2026 Neuberger Berman Group LLC. All rights reserved.