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NB Crossroads Private Markets Access Fund

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NB Crossroads Private Markets Access Fund

Providing Access to Institutional-Quality Private Equity
Access to High-Quality Private Equity
Invest alongside premier private equity managers in opportunities traditionally limited to large, institutional investors
Direct Investment In Private Companies
Focus on direct investments (co-investments) into private companies and secondaries, which generally deploy and distribute capital efficiently with attractive economics
Strong Investor
Alignment
Launched with $208mm+ of capital from institutional investors and NB employees1
Simplified
Structure
Seeks to streamline implementation and administration, with lower investment minimums and eligibility requirements than traditional private equity funds
An Introduction to NB Crossroads Private Markets Access Fund
(3:50) Maura Reilly Kennedy, Managing Director, provides an overview of the NB Crossroads Private Markets Access Fund (the "Access Fund") and why investors should consider partnering with Neuberger Berman to access high-quality private equity.
FUND DOCUMENTS
Review the latest fund information in the below documents.
FUND PROFILE | PROSPECTUS | SAI | ANNUAL REPORT | QUARTERLY REPORT



Simplified Fund Structure
Addressing Common Barriers for Individual Investors
Accessing Private Equity (“PE”)
ACCESS FUND SOLUTION
TRADITIONAL PE FUND2
Low
$50,000 initial, $10,000 thereafter
Accredited Investors and Qualified Clients
MINIMUMS &
ELIGIBILITY
High
$500,000 – $5,000,000
Qualified Purchasers
None
Subscription funded upfront with single initial investment
CAPITAL CALLS
Multiple
Uncertain timing, difficult for cash flow planning
Simplified
Form 1099
TAX REPORTING
Complex
Schedule K-1
Recurring Opportunities
Potential for limited liquidity with quarterly tender offers3
LIQUIDITY
None
10- to 14-year terms, with possible extensions and no liquidity
Perpetual
Monthly subscriptions
OFFERINGS
Limited
New fund subscription every three to five years
Eliminates Single GP Risk
Exposure to multiple high-quality lead sponsors
DIVERSIFICATION
Limited
Single lead manager
Attractive Investment Strategy
Majority of Exposure Expected to be Invested in Co-investments, with
Meaningful Allocation to Secondaries
Co-investments
Offer long-term capital appreciation, aim to increase capital efficiency and decrease fund-level economics
Secondary investments
Offer long-term capital appreciation with early cash flow benefits
Why Partner with Neuberger Berman?
NB’s Unique Place in the PE Ecosystem
(1:25) Anthony Tutrone, Global Head of NB Alternatives, discusses how NB Private Markets' broad range of strategies and capabilities help investors meet their private equity needs.
NB Private Markets Advantage
Integrated Platform Providing Access to Leading Private Equity Managers
$80bn
In Capital Commitments4
PLATFORM
34
Years of Investing
A+
Ratings by UN PRI for private equity ESG integration5
99%
Employee Retention Rate6
PEOPLE
25+
Years of Average Experience of Senior Investment Team7
150+
Dedicated Private Markets Professionals
5,870+
Underlying Private Companies8
PARTNERSHIP WITH GPsPARTNERSHIP
575+
Private Equity Fund Investments9
240
Private Equity Fund Advisory Board Seats10
Private Equity 101
What is Private Equity?
(2:56)
What is a Co-investment?
(2:56)
What is a Secondary Investment?
(2:36)
Key Senior Investment Team Professionals
Supported by a broader platform of 150+ private markets professionals who actively work on the Access Fund
James Bowden
Managing Director
Boston
Kent Chen, CFA
Managing Director
Hong Kong
Paul Daggett
Managing Director
Dallas
Maura Reilly Kennedy
Managing Director
New York
James Bowden, Managing Director
James Bowden is a Managing Director of Neuberger Berman. He is a member of the Private Investment Portfolios Registered Funds and Real Estate Secondary Investment Committees. Previously, James was a Managing Director at Bank of America/Merrill Lynch, managing the group’s private equity fund of funds business since its inception in 1998. In that capacity he led the private placement capital raising activities, directed investment origination and had ongoing management and administration responsibilities for the Bank of America fund of funds business. James' career covers a variety of private equity, commercial banking and management consulting positions. Prior to joining Bank of America/Merrill Lynch, he served as the manager of the Chicago office of Corporate Credit Examination Services for Continental Bank, where he had responsibility for the independent oversight of the Private Equity Investing and Midwest Commercial Banking Division. Earlier in his career, he was a Managing Consultant in the Financial Advisory Services practice of Coopers & Lybrand, specializing in corporate turnarounds and previously focused on commercial lending and problem loan workouts during his time at Continental Bank, Citicorp and the American National Bank of Chicago. James received his MBA and BBA from the University of Michigan, and is a Certified Public Accountant.
Kent Chen, CFA, Managing Director
Kent Chen, CFA is a Managing Director of Neuberger Berman and leader of the firm’s private equity efforts in the Asia Pacific region. Kent joined Neuberger Berman in May 2015 from the Hong Kong Monetary Authority (HKMA) after 17 years of central banking career in various positions including Deputy Chief Representative of the HKMA’s New York Office and Advisor to the Executive Director for China at the International Monetary Fund in Washington D.C. From 2008, Kent helped to establish the HKMA’s private equity program, comprising of global buyout, Asia private equity and global energy investments. Before joining the HKMA in 1998, he was Head of China Research at Daiwa Securities in Hong Kong covering the Chinese stocks market with a focus on infrastructure, energy and power equipment stocks. Kent has been awarded the Chartered Financial Analyst designation and earned an MPA from Columbia University, MBA from University of Hull and BS in Economics from University of London.
Paul Daggett, Managing Director
Paul Daggett, CFA is a Managing Director of Neuberger Berman and a senior member of the Firm's Private Investment Portfolios group where he leads investments in private equity and venture capital funds and direct co-investments in venture capital, growth equity and buyout transactions. Paul sits on the Limited Partner Advisory Boards of a number of venture capital and private equity fund relationships and has Board of Directors and Observer seats for a number of direct venture and growth capital investments on behalf of Neuberger Berman Funds. Prior to joining Neuberger Berman in 2004, Paul worked in the European Equity Derivatives Group at JPMorgan Chase & Co. He holds an MBA from the Cox School of Business at Southern Methodist University and a BEng, with honors, in Aeronautical Engineering from the University of Bristol. Paul is a Fellow of the Institute of Chartered Accountants in England and Wales (FCA) and holds the Chartered Financial Analyst designation.
Maura Reilly Kennedy, Managing Director
Maura Reilly Kennedy is a Managing Director of Neuberger Berman and a senior member of the private equity investment team. Ms. Kennedy focuses on designing and implementing both customized private equity solutions and registered private equity solutions for clients. Additionally, she leads the development, implementation and investment management of ESG and impact investing strategies within private equity. Prior to joining Neuberger Berman in 2008, she worked at Landmark Partners, focusing on secondary private equity transactions. Ms. Kennedy serves on limited partner advisory boards and is a member of Neuberger Berman’s ESG Advisory Committee. She is a member of the Board of Directors of the National Associate of Investment Companies, the largest network of diverse-owned private equity firms and hedge funds. Ms. Kennedy received an MBA from Harvard Business School and a BA in Economics from Hobart and William Smith Colleges.
Michael Kramer
Managing Director
New York
David Morse
Managing Director
New York
Joana Rocha Scaff
Managing Director
London
Jonathan Shofet
Managing Director
New York
Michael Kramer, Managing Director
Michael Kramer is a Managing Director of Neuberger Berman. He is a member of the Co-Investment, Credit Opportunities, Marquee Brands and Private Investment Portfolios investment committees, as well as a member of the Board of Directors for Marquee Brands. Michael is currently a board observer for By Light Professional IT Services, which is a portfolio company of our dedicated co-investment funds. Before joining Neuberger Berman in 2006, Michael was a vice president at The Cypress Group, a private equity firm with $3.5 billion under management. Prior thereto, he worked as an analyst at PaineWebber Inc. He holds an MBA from Harvard Business School and a BA, cum laude, from Harvard College.
David Morse, Managing Director
David Morse is a Managing Director of Neuberger Berman, and is the Global Co-Head of Private Equity Co-Investments. He is also a member of Co-Investment, Private Debt and Private Investment Portfolios Investment Committees. Mr. Morse is currently a Board Observer of Behavioral Health Group, C.H. Guenther, CSC, and ProAmpac, all of which are portfolio companies of our dedicated co-investment funds. Mr. Morse joined Lehman Brothers in 2003 as a Managing Director and principal in the Merchant Banking Group where he helped raise and invest Lehman Brothers Merchant Banking Partners III L.P. Prior to joining Lehman Brothers, Mr. Morse was a founding Partner of Hampshire Equity Partners (and its predecessor entities). Founded in 1993, Hampshire is a middle-market private equity and corporate restructuring firm with $825 million of committed capital over three private equity funds. Prior to Hampshire, Mr. Morse worked in GE Capital’s Corporate Finance Group providing one-stop financings to middle-market buyouts. Mr. Morse began his career in 1984 in Chemical Bank’s middle-market lending group. Mr. Morse holds an MBA from the Tuck School of Business at Dartmouth College and a BA in Economics from Hamilton College. Mr. Morse is a member of the M.B.A. Advisory Board of the Tuck School, a member of the Alumni Council of Hamilton College, and a member of the Board of Trustees of the Berkshire School.
Joana Rocha Scaff, Managing Director

Joana Rocha Scaff is a Managing Director of Neuberger Berman, Head of Europe Private Equity and a member of the Private Investment Portfolios, Co-Investment, and Secondary Investment Committees. She is also a member of Neuberger Berman’s ESG Advisory Committee. Ms. Rocha Scaff has over 20 years of experience in financial markets, the majority of which in private equity investing and prior to that in investment banking. She has been with the firm since 2005. Prior to NB Private Equity, Ms. Rocha Scaff worked in the investment banking division of Lehman Brothers, and prior to that at Citigroup Global Markets and Espirito Santo Investment Bank. She advised on corporate transactions including M&A, financial restructurings and public equity and debt offerings in the United States, Europe and Brazil. Ms. Rocha Scaff received her M.B.A. from Columbia Business School and her B.A. in Business Management and Administration from the Universidade Catolica of Lisbon. Ms. Rocha Scaff is the current Chair of the LP Committee of the BVCA – British Private Equity Association and a member of the Limited Partner Advisory Committee of multiple European private equity funds.

Jonathan Shofet, Managing Director
Jonathan D. Shofet is the Global Head of the Firm’s Private Investment Portfolios group and is a Managing Director of Neuberger Berman. He is also a member of the Private Investment Portfolios/Co-Investment Investment Committee. Prior to joining Neuberger Berman in 2005, Mr. Shofet was a member of the Lehman Brothers Private Equity division, focusing on mid-through late-stage equity investments primarily in the technology, communications and media sectors. Prior to that, Mr. Shofet was a member of the Lehman Brothers Investment Banking division, where he focused on public and private financings, as well as strategic advisory in the real estate, technology and utility sectors. Mr. Shofet has been, or currently sits, on the Limited Partner Advisory Boards of a number of funds including those managed by Amulet Capital, Beacon Capital Partners, Castlelake, Cerberus Institutional Partners, Clearlake Capital, ComVest Investment Partners, DFW Capital, Oak Hill Capital Partners, Platinum Equity, Thomas H. Lee Partners and Vector Capital Partners. He has also been a Board Observer for several private companies. Mr. Shofet holds a B.A. from Binghamton University, where he graduated summa cum laude, Phi Beta Kappa.
David Stonberg
Managing Director
New York
Elizabeth Traxler
Managing Director
New York
Peter von Lehe
Managing Director
New York
David Stonberg, Managing Director
David Stonberg is a Managing Director of Neuberger Berman and is the Global Co-Head of Private Equity CoInvestments. He is also a member of the Co-Investment, Private Investment Portfolios, Renaissance, Secondary and Real Estate Secondary Investment Committees. Before joining Neuberger Berman in 2002, Mr. Stonberg held several positions within Lehman Brothers’ Investment Banking Division including providing traditional corporate and advisory services to clients as well as leading internal strategic and organizational initiatives for Lehman Brothers. Mr. Stonberg began his career in the Mergers and Acquisitions Group at Lazard Frères. Mr. Stonberg holds an MBA from the Stern School of New York University and a BSE. from the Wharton School of the University of Pennsylvania.
Elizabeth Traxler, Managing Director
Elizabeth Traxler is a Managing Director of Neuberger Berman and a senior member of the Private Investment Portfolios & Co-Investments team. She is also a member of the Private Investment Portfolios and Co-investments Investment Committee and the Secondary Investment Committees. Prior to joining Neuberger Berman in 2008, Ms. Traxler was at Wachovia Capital Partners (now known as Pamlico Capital), where she focused on making direct growth equity and buyout investments across a broad range of industries. Ms. Traxler also worked at Wachovia Securities in the Leveraged Capital Group, which provided senior and mezzanine debt for private equity-backed transactions. She is currently a Board Observer for several private companies and Advisory Board member for a number of private equity funds. Ms. Traxler received an MBA from the Kellogg School of Management at Northwestern University and a BA, cum laude, in Economics from Vanderbilt University.
Peter von Lehe, Managing Director
Peter von Lehe, JD, is the Head of Investment Solutions and Strategy and is a Managing Director of Neuberger Berman. He is also a member of the Athyrium, Co-Investment, Private Investment Portfolios, Marquee Brands and Renaissance Investment Committees, as well as a member of the NB Insurance-Linked Strategies Underwriting Committee and a Chairman of NB Reinsurance Ltd. Mr. von Lehe sits on the Limited Partner Advisory Boards of a number of investment relationships globally on behalf of Neuberger Berman funds. Previously, Mr. von Lehe was a Managing Director and Deputy Head of the Private Equity Fund of Funds unit of Swiss Reinsurance Company. At Swiss Re, Mr. von Lehe was responsible for investment analysis and product structuring and worked in both New York and Zurich. Before that, he was an attorney with the law firm of Willkie Farr & Gallagher LLP in New York focusing on corporate finance and private equity transactions. He began his career as a financial analyst for a utility company, where he was responsible for econometric modeling. Mr. von Lehe received a BS with Honors in Economics from the University of Iowa and a JD with High Distinction, from the University of Iowa College of Law. He is a member of the New York Bar.
Jacquelyn Wang
Managing Director
New York
Jacquelyn Wang, Managing Director
Jacquelyn Wang is a Managing Director of Neuberger Berman and a senior member of the private equity investment team. She is also a member of the Private Investment Portfolios and Co-Investment Investment Committee. Jacquelyn joined Neuberger Berman in 2007, focusing on direct co-investments, primary fund investments and secondary investments. Prior to joining Neuberger Berman, she worked in Corporate Development at Verizon Communications focused on corporate M&A. Previously, Jacquelyn worked at Spectrum Equity Investors, where she was responsible for sourcing, executing and evaluating buyout and growth equity investments in media, technology and telecom. She began her career in the investment banking division of Lehman Brothers advising on corporate transactions in the communications and media industries. Jacquelyn received an MBA from The Wharton School of the University of Pennsylvania and a BA with honors from The Johns Hopkins University.
Patricia Miller Zollar, Managing Director
Patricia Miller Zollar is a Managing Director of Neuberger Berman and a leader of the Firm’s Private Investment Portfolios practice. She is a member of the Co-Investment, Private Investment Portfolios, and NorthBound Investment Committees. Additionally, Ms. Zollar sits on the Limited Partner Advisory Boards of a number of funds including those managed by Arcadius Capital Partners, Argand Partners, Base10 Ventures, Clearlake Capital, GenNx360 Capital Partners, Linx Partners, Vista Equity Partners and The Vistria Group. Before the management buyout of Neuberger, Ms. Zollar co-headed and co-founded the Lehman Brothers Partnership Solutions Group, a Wall Street business focused on developing strategic opportunities with women- and minority-owned financial services firms. The innovation of the Partnership Solutions Group was chronicled in a case study for the Harvard Business School. Before rejoining Lehman Brothers in 2004, Ms. Zollar was a vice president in the Asset Management Division of Goldman Sachs. Ms. Zollar began her career as a Certified Public Accountant in the Audit Division of Deloitte & Touche. She received her MBA from Harvard Business School and her BS, with highest distinction, from North Carolina A&T State University, where she formerly served as Chairperson of the Board of Trustees and which conferred her an honorary Doctorate degree. Ms. Zollar is a member of the Executive Leadership Council and Economic Club of NY. She also serves on the executive board of the National Association of Investment Companies and The Apollo Theater.
HOW TO INVEST
For more information on the Access Fund, contact your Advisor or reach out to us by clicking the button below.
Inquiry Form
ADDITIONAL RESOURCES
Neuberger Berman Offers Private Markets Fund for Main Street Investors
In a recent article published by The Wall Street Journal, Maura Reilly Kennedy, Managing Director, Neuberger Berman Private Equity, and Scott Kilgallen, Head of Neuberger Berman North American Intermediary Client Coverage, discuss the firm’s approach to developing products that make private markets investments more available for qualified individual investors.
DOWNLOAD PDF
INSIGHTS
Private Equity: Unique Characteristics Mean Unique Opportunity
The asset class offers strong historical returns and diversification benefits.
READ MORE
ESG in Private Markets: Investing for the Long Term
A glimpse into the future of ESG investing in the private markets.
READ MORE