NB Private Markets Academy
NB Private Markets Access Fund
Private Market Funds | Private Equity
NB Private Markets Access Fund
NAV PER SHARE
$1.66bn
Trailing 1 Year Return
6.92%
SINCE INCEPTION RETURN
38.07%
An overview of the Access Fund's investment strategy and why investors should consider partnering with Neuberger Berman to access high-quality private equity.
An overview on the simplified fund structure that the NB Access Fund offers as an evergreen vehicle.
Learn about recent performance and notable investment highlights from our Investment Team.
| SHARE CLASS | MONTH-TO-DATE | YEAR-TO-DATE | TRAILING 1-YEAR | 3-YEAR ANNUALIZED | SINCE INCEPTION | SINCE INCEPTION ANNUALIZED |
|---|---|---|---|---|---|---|
| Institutional | 0.63% | 2.62% | 6.92% | 8.58% | 38.07% | 7.67% |
| Class A-2 | 0.57% | 2.32% | 6.17% | 7.82% | 26.10% | 7.39% |
The performance data quoted represent past performance and does not predict future performance. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor’s shares may be worth more or less than their original cost. The results do not reflect the effect of taxes an investor would pay on Fund distributions or on the sale of the Fund’s shares.
Institutional Class commenced operations on January 19, 2021. Class A-2 commenced operations on March 1, 2022.
*The total return is a net performance metric that measures the change in value of the Fund (ending value divided by beginning value) as adjusted for capital activity (capital calls and distributions). The figures presented are net of all fees.
94 Approved Private Equity Investments
68Private Equity Sponsor Partners
- Top 10 Holdings
- Investment Type
- Asset Class
- Sector Allocation
- Geographic Breakdown
| COMPANY | DEAL TYPE | INDUSTRY | % OF NAV |
|---|---|---|---|
| Veeam Software | Co-Investment | Technology/IT | 4.5% |
| Mariner Wealth Advisors | Co-Investment | Financial Services | 4.4% |
| Nord Anglia | Co-Investment | Education | 4.2% |
| Project Flash | GP- Led Secondary | Consumer | 3.5% |
| ENTRUST Solutions Group | Co-Investment | Capital Goods | 2.0% |
| Project Ike | GP- Led Secondary | Consumer | 2.0% |
| Vector Capital V | GP- Led Secondary | Technology/IT | 1.9% |
| ampliFI Loyalty Solutions | GP- Led Secondary | Technology/IT | 1.8% |
| OMNIA Partners | Co-Investment | Business Services | 1.7% |
| Focus Financial | Co-Investment | Financial Services | 1.5% |
Portfolio holdings are expressed as a percentage and are calculated by taking the market value of each holding and dividing it by the Fund's NAV. Portfolio holdings and other characteristics are current as of the date shown and are subject to change.
| NB Access Fund | Traditional PE Fund4 | |
|---|---|---|
| MINIMUMS & ELIGIBILITY | Lower: $25,000 initial, $10,000 thereafter. Accredited Investors and Qualified Clients | High: $500,000 ‑ $5,000,000. Qualified Purchasers |
| FUNDING TIMING | Fully funded upon subscription: Subscription funded upfront with single initial investment | Multiple: Uncertain timing, difficult for cash flow planning |
| TAX REPORTING | Simplified: Form 1099 | Complex: Schedule K-1 |
| LIQUIDITY | Recurring opportunities: Potential for limited liquidity with quarterly tender offers5 | None: 10- to 14-year terms, with possible extensions and no liquidity |
| SUBSCRIPTION AVAILABILITY | Evergreen: Monthly subscriptions | Limited: New fund subscription every three to five years |
| DIVERSIFICATION | Eliminates Single GP Risk: Exposure to multiple high-quality lead sponsors | Limited: Single lead manager |
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 Berman to evaluate such investments, as well as Neuberger Berman’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 Berman as of the date hereof. There can be no guarantee the views and opinions expressed in this presentation will come to pass.
Insights
Comparing Evergreen and Traditional Fund Returns
- As the landscape of private equity investing continues to evolve, evergreen funds have emerged as a compelling alternative to traditional funds.
Buyouts Keynote Interview: Private equity for all
- In a keynote interview conducted by Buyouts, Peter von Lehe discusses how the democratization of private equity is about expanding access to the asset class by solving the structural and operational barriers to investing.
Private Equity and the Polls
- Have U.S. elections had any effect on private equity performance?