Private, employee-owned investment firm Neuberger Berman has launched the NB Direct Private Equity Fund 2024 and the NB Global Private Equity Access Fund, both of which aim to make global private equity offerings more accessible to retail investors.
Fundraising for the NB Direct Private Equity Fund 2024 was launched in March 2023 and subscriptions are open until December 2024. The fund’s strategy is consistent with prior vintages and aims to offer diversification through direct co-investments across various geographies, industries, enterprise value sizes and value creation strategies in a closed ended structure.
According to a press release, a new feature of this vintage is the Article 8 designation under the EU Sustainable Finance Disclosure Regulation (SFDR). The minimum investment required for most share classes is €25,000.
The NB Global Private Equity Access Fund was launched in December 2022 for professional and institutional investors and provides direct exposure to private companies in a semi-liquid evergreen structure. It focuses on co-investments with a minority allocation to secondary investments. The fund offers a simple, minimum subscription of €10,000, and redemption process with opportunities to invest and redeem on a monthly basis.
The NB Global Private Equity Access Fund also delivers regular reporting documents on strategy, portfolio, and holdings via its website.
