Neuberger Berman has announced that its NB Global Private Equity Access Fund has exceeded $1bn in assets under management, reflecting strong demand from institutional and retail investors for semi-liquid private equity strategies.

The evergreen fund provides investors with access to co-investments and secondaries across a globally diversified portfolio. It forms part of Neuberger’s broader $140bn private markets platform, which completed $17.5bn of commitments across more than 300 transactions in 2024.

Alongside this milestone, Neuberger has raised €110m at the first close of its NB Private Equity Open Access Fund, launched under the EU’s ELTIF 2.0 framework. The vehicle lowers entry barriers for private equity exposure, with a minimum investment of €10,000, and has already deployed capital into 16 transactions, including Nord Anglia and Mariner Wealth Advisors.

The firm has also expanded its partnership with German digital wealth manager LIQID, raising €200m since May 2024 through ELTIF products designed for high-net-worth individuals.

“With access to nearly 25 new investments so far this year across our evergreen and ELTIF strategies, demand from both institutions and private wealth clients continues to accelerate,” said José Luis González Pastor, Managing Director, Private Equity Co-Investments at Neuberger Berman.

Neuberger manages approximately $15.1bn in semi-liquid private markets funds, positioning it as a leading provider of flexible private equity access for a broad investor base.

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