Our Investment Manager
NBPE is managed by the NB Private Markets division of Neuberger Berman. Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager, structurally aligned with the long-term interests of its clients. From offices in 39 cities across 26 countries, the firm manages a range of equity, fixed income, private equity and hedge fund strategies on behalf of institutions, advisors and individual investors worldwide.
NB Private Markets has a team of over 300 private equity professionals across 17 offices globally. The large, stable team includes 77 senior investment professionals with an average of over 22+ years of experience.
NB Private Markets Key Facts
Integrated Platform Providing Access to Leading Private Equity Managers
~$115bn
In Capital Commitments1
35+
Years of Investing
5 Stars
Top Scores by UN PRI for Private Equity ESG Integration2
21+
Years of Average Experience of Senior Investment Team3
98%
Employee Retention Rate4
415+
Dedicated Private Markets Professionals5
~8,000
Underlying Portfolio Companies (Active)6
745+
Private Equity Fund Investments7
420+
LPAC Advisory board seats8
Conversation with Anthony D. Tutrone, Global Head of Alternatives
1As of March 31, 2024. Please note beginning December 31, 2023, NB Private Markets revised the Aggregate Committed Capital calculation methodology. As of December 31, 2023 and going forward, Aggregate Committed Capital represents total commitments to active vehicles (including commitments in the process of documentation or finalization) managed by NB Private Markets. Prior to December 31, 2023, Aggregate Committed Capital reflected total committed capital since inception in 1987, including liquidated vehicles. Using the previous methodology, NB Private Markets Aggregate Committed Capital was $123 billion as of December 31, 2023, broken down as follows: Primaries, $41 bn; Co-Investments, $36 bn; Secondaries, $20 bn; Private Debt, $16 bn; Capital Solutions, $6 bn; and Direct Specialty Strategies, $5 bn.
2 Awarded by UN-supported Principles for Responsible Investment. Please refer to the Awards Disclosures for more information on the PRI scores.
3 Represents Senior Investment Professionals (Senior Advisors, Managing Directors and Principals) within NB Private Markets, as of March 31, 2024.
4 Average annual retention from 2019 through December 31, 2023 of Senior Investment Professionals (Managing Directors and Principals) within NB Private Markets. Computed as number of departures over total number of senior investment professional senior team only.
5 On April 29, 2024, the management team of NB Renaissance Partners (“Renaissance”) entered into an agreement with Neuberger Berman Group LLC (“NB”) to transition from a minority to a majority owner in Renaissance, with NB becoming a minority shareholder. The transaction is expected to close by the end of the year subject to legal and regulatory approvals.
6 Represents active portfolio companies for Private Investment Portfolios and Co-investments (“PIPCO”) and Secondaries since inception as of September 30, 2023.
7 Primary and secondary fund commitments as of September 30, 2023. Includes active investments, which are defined as investments with net asset value greater than $0 (i.e. not fully realized), and funds that have not yet called capital as of the latest available quarter of performance.
8 Includes Limited Partner Advisory Committee seats and observer seats for PIPCO and Secondaries since inception as of December 31, 2023.