Neuberger Berman’s Global Private Equity Access Fund has surpassed $1bn in assets under management, marking a milestone for the firm’s evergreen private equity platform, which has attracted support from institutional, intermediary, and individual clients.
The firm has also held the first close of its NB Private Equity Open Access Fund at €110m. Launched in June 2025, the fund is the firm’s second ELTIF 2.0 vehicle aimed at making private equity accessible to retail investors in the EU, with a minimum investment of €10,000. The fund has already committed to 16 transactions alongside established private equity managers, including stakes in Nord Anglia and Mariner Wealth Advisors.
Neuberger’s partnership with LIQID has similarly seen strong interest, raising €200m since May 2024, expanding private equity access to mass affluent investors in Germany.
Both the Global Access and ELTIF strategies leverage Neuberger’s $140bn private markets platform, which reviews around 20 direct transaction opportunities per week, focusing primarily on buyouts across Europe, North America, and Asia. The approach allows investors to gain fee- and capital-efficient exposure to private equity while investing alongside leading managers.
Neuberger manages over $140bn in private markets assets globally, covering primaries, co-investments, secondaries, direct lending, and other strategies. In 2024, the firm deployed more than $17.5bn across over 300 separate transactions, supported by a dedicated private markets team of 450 professionals.
