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 36 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 10 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
+$120bn
In Capital Commitments1
35+
Years of Investing
5 Stars
Ratings by UN PRI for Private Equity ESG Integration2
21+
Years of Average Experience of Senior Investment Team3
98%
Employee Retention Rate4
300+
Dedicated Private Markets Professionals
7,180+
Underlying Private Companies5
670+
Private Equity Fund Investments6
360+
LPAC Advisory board seats7
Conversation with Anthony D. Tutrone, Global Head of Alternatives
11As of 30 June 2023. Represents aggregate committed capital since inception in 1987, including commitments in the process of documentation or finalization.
2Important Information about PRI Grades: For illustrative and discussion purposes only. 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. 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 pays a fee to be a member of PRI and the Grades are only available to PRI members. 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 Represents Senior Investment Professionals (Senior Advisors, Managing Directors and Principals) within NB Private Markets, as of 30 June 2023.
4 Average annual retention from 2019 through 30 June 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 Represents active portfolio companies for Private Investment Portfolios and Co-Investments (“PIPCO”) and Secondaries through 31 March 2023.
6 Active fund commitments as of 31 March 2023.
7 Includes Limited Partner Advisory Committee seats and observer seats for PIPCO and Secondaries since inception as of 31 March 2023.