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 21+ years of experience.
NB Private Markets Key Facts
Integrated Platform Providing Access to Leading Private Equity Managers
$135+bn
In Capital Commitments1
35+
Years of Investing
$30+bn
of capital committed over the past three years2
21+
Years of Average Experience of Senior Investment Team3
98%
Employee Retention Rate4
420+
Dedicated Private Markets Professionals5
9,350+
Underlying Portfolio Companies (Active)6
820+
Private Equity Fund Investments7
440+
LPAC Advisory board seats8
Conversation with Anthony D. Tutrone, Global Head of Alternatives
1 As of December 31, 2024. Aggregate Committed Capital represents total commitments to active vehicles (including commitments in the process of documentation or finalization) managed by NB Private Markets.
2 Represents opportunities reviewed, made and committed to across primaries, co-investments and secondaries by NB Alternatives from 2021 – 2024 for PIPCO and Secondaries.
3 Represents Senior Investment Professionals (Senior Advisors, Managing Directors and Principals) within NB Private Markets, as of June 30, 2024.
4 Average annual retention from 2019 through June 30, 2024 of Senior Investment Professionals (Managing Directors and Principals) within NB Private Markets. Computed as # of departures (excluding retirements and individuals who have transferred to other roles in the firm) over total # of Private Investment Portfolios and Co-investment MDs and Principals.
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 PIPCO and Secondaries through September 30, 2024.
7 As of September 30, 2024.
8 Includes Limited Partner Advisory Committee seats and observer seats for PIPCO and Secondaries since inception as of September 30, 2024.