Key Takeaways
- • Neuberger Berman's NB Global Private Equity Access Fund has surpassed $1 billion in assets under management, reflecting strong institutional and distributor demand for accessible private equity exposure through an evergreen fund structure.
- • The firm closed its inaugural NB Private Equity Open Access Fund at €110 million, structured under the ELTIF 2.0 framework with a €10,000 minimum investment, targeting retail investors across the European Union with exposure to 16 portfolio companies including Nord Anglia and Mariner Wealth Advisors.
- • Neuberger's $140 billion private markets platform reviews approximately 20 direct private equity opportunities weekly, providing both the Global Access and Open Access funds with institutional-quality deal flow and co-investment capacity alongside tier-one PE managers.
- • The firm manages $15.1 billion across semi-liquid evergreen private markets vehicles globally, demonstrating substantial scale and expertise in long-duration, illiquid asset classes with efficient fee structures and broad geographic reach.
- • LIQID partnership has raised €200 million since May 2024 through ELTIF products, expanding private equity access to German high-net-worth investors and validating the demand for digitally-distributed private markets solutions in Europe.
Summary
Neuberger Berman announced that its NB Global Private Equity Access Fund has crossed the $1 billion asset milestone, underscoring sustained institutional appetite for simplified private equity access vehicles. The evergreen fund has attracted a diverse investor base of institutional buyers and distribution partners, reflecting confidence in the fund's strategy of direct co-investment alongside established private equity managers. The achievement represents a significant milestone for the independent, employee-owned investment manager in scaling retail and institutional access to traditionally restricted asset classes.
Concurrent with this announcement, Neuberger closed the first tranche of its NB Private Equity Open Access Fund at €110 million, capitalizing on European Union regulatory reforms. Launched in June 2025 under the ELTIF 2.0 (European Long-Term Investment Fund) framework, the fund democratizes private equity access by establishing a €10,000 minimum investment threshold, materially lowering barriers for retail investors across the EU. The fund has already committed capital to 16 transactions, including notable positions in Nord Anglia and Mariner Wealth Advisors, demonstrating rapid deployment and portfolio diversification from inception.
The firm's competitive advantage stems from its $140 billion private markets platform, which generates substantial deal flow through systematic review of approximately 20 direct private equity opportunities each week. This scale enables both the Global Access and Open Access funds to negotiate favorable terms and execute co-investments across Europe, North America, and Asia. The platform's efficiency is reflected in optimized fee structures and capital deployment mechanisms designed for both institutional and retail investors.
Neuberger's broader semi-liquid evergreen strategy portfolio—managing $15.1 billion across global private markets funds—provides additional validation of the firm's operational expertise in managing long-duration, illiquid assets with redemption mechanisms. The partnership with LIQID, a German digital asset manager, has raised €200 million since May 2024 through ELTIF products, expanding distribution channels to high-net-worth German investors and demonstrating successful digitalization of private markets distribution.
Together, these developments reflect the structural shift toward democratized private equity access and the regulatory tailwinds created by ELTIF frameworks, positioning Neuberger as a significant player in bridging institutional-quality deal flow with emerging retail demand for alternative assets.
Concurrent with this announcement, Neuberger closed the first tranche of its NB Private Equity Open Access Fund at €110 million, capitalizing on European Union regulatory reforms. Launched in June 2025 under the ELTIF 2.0 (European Long-Term Investment Fund) framework, the fund democratizes private equity access by establishing a €10,000 minimum investment threshold, materially lowering barriers for retail investors across the EU. The fund has already committed capital to 16 transactions, including notable positions in Nord Anglia and Mariner Wealth Advisors, demonstrating rapid deployment and portfolio diversification from inception.
The firm's competitive advantage stems from its $140 billion private markets platform, which generates substantial deal flow through systematic review of approximately 20 direct private equity opportunities each week. This scale enables both the Global Access and Open Access funds to negotiate favorable terms and execute co-investments across Europe, North America, and Asia. The platform's efficiency is reflected in optimized fee structures and capital deployment mechanisms designed for both institutional and retail investors.
Neuberger's broader semi-liquid evergreen strategy portfolio—managing $15.1 billion across global private markets funds—provides additional validation of the firm's operational expertise in managing long-duration, illiquid assets with redemption mechanisms. The partnership with LIQID, a German digital asset manager, has raised €200 million since May 2024 through ELTIF products, expanding distribution channels to high-net-worth German investors and demonstrating successful digitalization of private markets distribution.
Together, these developments reflect the structural shift toward democratized private equity access and the regulatory tailwinds created by ELTIF frameworks, positioning Neuberger as a significant player in bridging institutional-quality deal flow with emerging retail demand for alternative assets.
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