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NB Global Private Equity Access Fund
Key Statistics
Fund Size
€1,000M
Target Return
N/A
Annualized Return
N/A
Launch Year
2023
Min. Investment
€10,000
Availability
Open for public
Structure
Luxembourg SICAV Part II
Product Category
Open-end
Domicile
Luxembourg
GP Type
Single
Liquidity Level
Semi-liquid
Management Fee
1.88%
Carry
12.5% over 8% hurdle
Hurdle Rate
8%
High Water Mark
No
ISIN
LU2496021168
Currencies
USD, EUR, GBP
Investor Eligibility
Retail
Liquidity Options
Monthly subscriptions and redemptions
Highlights
Allocations
Geographic Focus
Investment Strategy
Industry Focus
Portfolio Composition
Historical Performance
Information about fund
Co-Investing Alongside the Big Buyout Firms
NB Global Private Equity Access Fund is Neuberger Berman’s evergreen private equity fund for European and Asian wealth investors: a Luxembourg Part II SICAV launched on 28 December 2022 that invests directly in private companies through co-investments alongside private equity managers and through GP-led secondaries. Its first investments were made in February 2023, and in less than three years it has grown to over $1 billion of assets, a milestone announced in September 2025. Holdings include Action (with 3i), Nord Anglia Education (EQT), Solenis (Platinum Equity), Proofpoint (Thoma Bravo) and Mariner Wealth Advisors.
Key Figures
Assets
$1B+
Milestone Sep 2025; launched Dec 2022
Strategy
80 / 20
Co-investments / GP-led secondaries
Geography
63% US
37% Europe (Nov 2024)
Liquidity
Monthly
5% of NAV quarterly gate
Fees
1.00–2.90%
+12.5% over 8% hurdle
Minimum
€/$10,000
Retail-oriented classes
Portfolio and Terms
The portfolio is roughly 63% United States and 37% Europe, 89% buyout by asset class, and about 80% co-investments to 20% secondaries. Neuberger Berman’s edge is scale: its private equity platform manages more than $125 billion and commits to hundreds of third-party funds, which gives it a first look at co-investment deals at little or no fee. Subscriptions and redemptions are monthly; if redemption requests exceed 5% of NAV in a quarter they are reduced pro rata. Management fees range from 1.00% to 2.90% depending on share class, plus a 12.5% performance fee over an 8% hurdle; retail-oriented classes start at €10,000 or $10,000. The fund is SFDR Article 6.
Terms at a Glance
| Structure | Luxembourg SICAV Part II; inception 28 Dec 2022; SFDR Article 6 |
| Manager | Neuberger Berman Alternatives Advisors LLC |
| Dealing | Monthly subscriptions and redemptions; pro-rata cut if net redemptions > 5% of NAV per quarter |
| Fees | 1.00–2.90% p.a. by share class (1.88% for the unhedged/hedged retail classes); 12.5% performance fee over 8% hurdle |
| Holdings (examples) | Action (3i), Nord Anglia Education (EQT), Solenis (Platinum), Proofpoint (Thoma Bravo), Mariner Wealth Advisors |
| Marketed in | Europe, Asia, Latin America, Canada, Australia |
Deepdive & Related Funds
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