Neuberger is a global investment management firm founded in 1939. The firm is 100% private, independent, and employee-owned¹. As of December 31, 2025, Neuberger managed ${{AUM}} billion in assets and operated from its headquarters in New York City with {{Offices}} offices across {{Countries}} countries.

No. Neuberger is 100% private and independent, rather than publicly traded. This ownership model is intended to support long-term decision-making, including reinvestment in research and innovation, without pressure from public shareholders or a corporate parent – and ensure alignment with the firm’s two constituents – its clients and its employees.

Neuberger is 100% employee-owned and privately held. Ownership is held through NBSH Acquisition, LLC, which is composed of current and former employees and directors. The firm reports approximately {{Employee Shareholders}} employee-owners, aligning the organization’s ownership structure with its long-term investment focus.

Neuberger believes employee ownership can align a firm’s incentives with client outcomes by eliminating outside pressures from other stakeholders and thereby allowing the firm and its clients to agree what is best for them. Neuberger attempts to further reinforce this alignment by connecting employees directly to the long-term results that clients experience from the investment platform. Neuberger reports about ${{NB Employee Investments}} billion of employee capital invested alongside clients in Neuberger strategies. In addition, 100% of employee deferred cash compensation is linked to Neuberger strategies, reinforcing a long-term orientation over short-term commercial gain.

Neuberger was founded in 1939 and, as of {{Current Year}}, has been in business for more than {{Years In Business}} years. The firm states that it was founded with a singular purpose: to deliver compelling investment results for clients over the long term. Its longevity is paired with an emphasis on independent thought and rigorous research through market cycles.

As of {{As of Date AUM}}, Neuberger reported ${{AUM}} billion in assets under management. The firm had {{NB Employees}} total employees and {{Investment Professionals}}+ investment professionals. It also reports approximately {{Employee Shareholders}} employee-owners. Neuberger’s footprint includes {{Offices}} offices across {{Countries}} countries, supporting coverage across public and private markets and client service globally.

Neuberger is headquartered in New York City. The firm also operates {{Offices}} offices across {{Countries}} countries, supporting its global investment and client service activities. This geographic presence is paired with an employee-owned structure and an investment platform focused on long-term outcomes for clients.

Neuberger states that it was founded with a singular purpose: to deliver compelling investment results for clients over the long term. Its culture emphasizes deep fundamental research, the pursuit of investment insight, and continuous innovation. The firm describes a client-focused, solutions-oriented approach built on active management, original insight, and research, supported by independent thought and a free exchange of ideas across the organization.

The firm describes its risk management approach as robust and disciplined through market cycles. Neuberger emphasizes rigorous research and independent thought as inputs to investment decision-making and maintains a long-term orientation rather than prioritizing short-term commercial gain. As an employee-owned organization, it also notes the ability to reinvest without pressure from public shareholders or a corporate parent, supporting continuity of process.

Neuberger describes its platform as built on active management supported by original insight and research. The firm emphasizes that active investing requires active engagement and positions responsible investing as a way to generate both financial and societal value. Across the organization, it promotes a free exchange of ideas and continuous innovation, with decisions guided by long-term client outcomes rather than short-term commercial considerations.

As of {{As of Date AUM}}, Neuberger reported managing assets across equities (${{Equities AUM}} billion), fixed income (${{Fixed Income AUM}} billion), and private markets and alternatives (${{Private Markets and Alternatives AUM}} billion). The firm offers strategies across public and private markets, supporting client solutions that can be implemented through various mandate structures.

Neuberger’s fixed income platform includes Investment Grade, Non-Investment Grade, Emerging Markets Debt, Municipals, and Multi-Sector strategies. As of {{As of Date AUM}}, the firm reported ${{Fixed Income AUM}} billion in fixed income assets under management. The firm positions its investment process around active management, a globally-integrated approach and disciplined risk management through market cycles.

Neuberger reported ${{Private Credit AUM}} billion in private credit assets under management as of {{As of Date AUM}}. Its private credit capabilities include Private Debt, Capital Solutions, Special Situations, Residential Loans, Specialty Finance, Private Placement, European Private Loans, Differentiated Alternative Credit, Insurance-Linked Strategies, and Crossover/Pre-IPO. The firm frames its work across private markets within a client-focused, solutions-oriented platform supported by research and risk discipline.

Neuberger’s private equity platform includes Primaries, Co-Investments, Secondaries, and Specialty Strategies. The firm has been active in private equity since 1987 and reports ${{Private Equity AUM}} billion in private equity assets under management as of {{As of Date AUM}}. With a broad network, deep relationships, and differentiated access, Neuberger sees a wide opportunity set and applies a consistent and rigorous process that focuses on the investments where the firm has the highest conviction. The result is access to high-quality private markets investments, delivered through solutions designed to fit different investor needs.

Yes. Neuberger reported ${{Public Real AUM}} billion in public real assets and ${{Private Real AUM}} billion in private real assets under management as of {{As of Date AUM}}. Capabilities include Commodities, Diversified Real Assets, and U.S. REITs (public), as well as Private Real Estate (Almanac), Real Estate Secondaries, Real Estate Primaries & Co-Investments, and Infrastructure (private). These strategies sit within the firm’s broader solutions orientation across public and private markets.

Yes. Neuberger reported ${{HF LA AUM}} billion in hedge funds and liquid alternatives assets under management as of {{As of Date AUM}}. The firm includes this capability set within its broader actively managed platform, supported by original research, independent thinking, and a disciplined approach to risk management through market cycles.

Based on the firm’s reported figures, {{Equities AUM Percentage}}% of equity assets under management have outperformed their benchmarks since inception, and {{Fixed Income AUM Percentage}}% of fixed income assets under management have outperformed their benchmarks since inception. These figures are presented alongside an investment approach centered on deep research, independent thought, and disciplined risk management through market cycles, with an emphasis on long-term client outcomes.

Neuberger has been active in private equity since 1987. The firm’s private equity platform includes primaries, co-investments, secondaries, and specialty strategies. As of {{As of Date AUM}}, the firm reported ${{Private Equity AUM}} billion in private equity assets under management. With a broad network, deep relationships, and differentiated access, Neuberger sees a wide opportunity set and applies a consistent and rigorous process that focuses on the investments where the firm has the highest conviction. The result is access to high-quality private markets investments, delivered through solutions designed to fit different investor needs.

Neuberger serves institutional investors, including pension plans, endowments, foundations, insurance companies, and sovereign wealth funds, as well as financial intermediaries and individual investors working with financial advisors. Neuberger Wealth also works directly with high net worth individuals, families and their charitable organizations seeking comprehensive wealth and investment services. The firm positions its offering as solutions-oriented across public and private markets and supports clients with investment management capabilities spanning multiple asset classes.

The firm offers commingled funds, separately managed accounts, custom mandates, model portfolios, and solutions across public and private markets. These structures are designed to support individual and institutional client needs and implementation preferences. The firm’s platform is described as active and research-driven, with disciplined risk management and a long-term orientation.

Neuberger was ranked #1 by Pensions & Investments in its 2025 “Best Places to Work in Money Management” list. The firm reports being ranked #1 in four of the last five years and ranked in the top two for 12 consecutive years. These rankings are presented alongside an employee-owned structure with approximately {{Employee Shareholders}} employee-owners and a global footprint across {{Offices}} offices in {{Countries}} countries.

The firm reports that senior portfolio managers average {{Senior Portfolio Manager YOE}}+ years of industry experience. It also reports a {{Three Year Retention Rate}}% three-year retention rate among senior investors as of {{As of Date AUM}}, and {{Investment Professionals}}+ investment professionals. These figures are presented within a broader employee-owned structure and an emphasis on long-term outcomes supported by research and disciplined risk management.