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 36 cities across 25 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 290 private equity professionals across 10 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
+$110bn
In Capital Commitments1
35
Years of Investing
5 Stars
Ratings by UN PRI for Private Equity ESG Integration2
25
Years of Average Experience of Senior Investment Team3
99%
Employee Retention Rate4
290+
Dedicated Private Markets Professionals
6,630+
Underlying Private Companies5
650+
Private Equity Fund Investments6
265+
LPAC Advisory board seats7
Conversation with Anthony D. Tutrone, Global Head of Alternatives
1As at 31 December 2022. Represents aggregate committed capital since inception in 1987, including commitments in the process of documentation or finalization.
2 Awarded by UN-supported Principles for Responsible Investment. Principles for Responsible Investment Scores. PRI grades are based on information reported directly by PRI signatories, of which investment managers totaled 3,404 for 2021, 1,924 for 2020, and 1,119 for 2019 . Note that scores for the 2021 reporting cycle cannot be compared to previous years due to the change in PRI assessment methodology. Although there was not a Leaders' Group announced by the PRI based on reporting in 2021, Neuberger Berman achieved a 5-star rating in every eligible module in the PRI's 2021 Reporting Framework. Unlike previous years, the indicator scores are assigned one of five performance bands (from 1 to 5 stars) instead of six performance bands (from A+ to E). All PRI signatories are eligible to participate and must complete a questionnaire to be included. The underlying information submitted by signatories is not audited by the PRI or any other party acting on its behalf. Signatories report on their responsible investment activities by responding to asset-specific modules in the Reporting Framework. Each module houses a variety of indicators that address specific topics of responsible investment. Signatories’ answers are then assessed and results are compiled into an Assessment Report. The Assessment Report includes indicator scores, summarizing the individual scores achieved and comparing them to the median; section scores, grouping similar indicator scores together into categories (e.g. policy, assurance, governance) and comparing them to the median; module scores, aggregating all the indicator scores within a module to assign one of six performance bands (from E to A+). Neuberger Berman did not pay a fee to participate and awards and ratings referenced do not reflect the experiences of any Neuberger Berman client and readers should not view such information as representative of any particular client’s experience or assume that they will have a similar investment experience as any previous or existing client. Awards and ratings are not indicative of the past or future performance of any Neuberger Berman product or service. Moreover, the underlying information has not been audited by the PRI or any other party acting on its behalf. While every effort has been made to produce a fair representation of performance, no representations or warranties are made as to the accuracy of the information presented, and no responsibility or liability can be accepted for damage caused by use of or reliance on the information contained within this report. Information about PRI grades is sourced entirely from PRI and Neuberger Berman makes no representations, warranties or opinions based on that information.
3 Reflects Private Investment Portfolios and Co-investment (“PIPCO”) Managing Directors only.
4 Average annual retention over from 2017 through September 2022 of Private Investment Portfolios and Co-investment Investment Team Managing Directors and Principals. Computed as number of departures over total number of senior investment professionals among the Private Investment Portfolios and Co-investment senior team only.
5 Represents active portfolio companies for PIPCO and Secondaries through 30 December 2022.
6 Active fund commitments as of March 31, 2022.
7 Includes Limited Partner Advisory Committee seats and observer seats for PIPCO and Secondaries since inception as of 30 June 2022.