NB Global Private Equity Access Fund Surpasses $1 Billion in Assets Under Management
2 SEPT, 2025
By Joanna Piwko from RankiaPro Europe
Neuberger Berman, an independent, employee-owned investment manager, today announced that its NB Global Private Equity Access Fund (“Global Access”) has surpassed $1 billion in assets under management. The firm’s evergreen fund offering has seen strong momentum, driven by subscriptions from a broad and balanced client base of both institutional investors and distributors.
At the same time, the firm announced the first close of its NB Private Equity Open Access Fund (“Open Access”), its second European long-term private equity fund structured under the ELTIF 2.0 framework, raising €110 million. Launched in June 2025, the fund was created to meet growing demand from retail investors across the European Union, offering access to private equity with a minimum investment of €10,000. Since launch, it has already committed capital to 16 transactions alongside leading managers, including investments in Nord Anglia and Mariner Wealth Advisors, building a diversified portfolio from the outset.
Neuberger also highlighted the strong progress of its partnership with LIQID, a pioneer in digital asset management in Germany, which has raised €200 million since May 2024 through ELTIF products, expanding private equity access to high-net-worth German investors.
Both the evergreen and ELTIF strategies benefit from the deal flow generated by Neuberger’s $140 billion private markets platform, which reviews around 20 direct private equity opportunities each week. These strategies invest directly in private companies alongside top-tier private equity managers, offering efficient access in terms of both fees and capital, with global reach across Europe, North America, and Asia.
Investors also benefit from Neuberger’s expertise in semi-liquid vehicles, an area in which the firm manages approximately $15.1 billion across various evergreen private markets funds worldwide.
Access to high-quality companies and managers, combined with a flexible approach, is what sets our platform apart. Since January, we have made nearly 25 new investments across our evergreen and ELTIF strategies, leveraging Neuberger’s strong GP relationships and global investment team. This momentum reflects the growing demand from both institutional and individual clients for efficient, diversified access to private markets without compromising on quality.
José Luis González Pastor, Managing Director, Private Equity Co-Investments at Neuberger
The increasing interest in our evergreen platform confirms the confidence of sophisticated investors in our strategy and in the flexibility we provide. Our clients are constantly looking for efficient ways to deploy capital while reducing reinvestment risk and administrative burden. Thanks to our scale and manager-centric approach, we are uniquely positioned to support both institutional investors and private wealth clients in achieving these goals.
Javier Mallo, Managing Director for Iberia
With more than $140 billion in private markets AUM —including primaries, co-investments, secondaries, private credit, capital solutions, and other strategies— Neuberger Berman operates an integrated platform with over 35 years of experience. In 2024, its team of more than 450 professionals committed $17.5 billion across more than 300 transactions, reinforcing its position as a preferred partner to many of the world’s leading private equity managers.
