Neuberger Berman is an independent, employee-owned investment management firm with approximately $450 billion in total assets under management, including approximately $120 billion in alternative investments. Founded in 1939 and headquartered in New York, the firm became fully independent in 2009 through a management buyout.
Investment Strategy
Neuberger Berman operates one of the most comprehensive alternatives platforms among independent investment managers. The firm’s alternatives business spans private equity, private credit, real estate, hedge funds, specialty finance, and insurance-linked strategies. Within private equity, Neuberger Berman offers fund-of-funds programs, secondary market investments, co-investments, and direct private equity through multiple dedicated strategies.
The firm’s private equity fund-of-funds business is one of the largest in the industry, with over 35 years of investing history. Neuberger Berman’s team evaluates hundreds of private equity managers annually and maintains active relationships with leading GPs across buyout, growth equity, venture capital, and special situations globally. The co-investment program has grown substantially, deploying capital alongside the firm’s GP partners in individual transactions.
Neuberger Berman’s private credit platform covers direct lending, specialty finance, and structured credit. The firm’s real estate business invests across equity and debt strategies in U.S. and global property markets.
Private Markets Approach
Neuberger Berman’s approach to private markets emphasizes manager selection discipline, portfolio construction rigor, and alignment of interests. The firm’s employee-owned structure means that its professionals are significant co-investors alongside clients across the alternatives platform.
The secondary market practice executes LP-led portfolio purchases and GP-led continuation transactions, providing portfolio management tools and liquidity solutions. Neuberger Berman’s scale and relationships support favorable access to both primary fund commitments and secondary deal flow.
The firm’s hedge fund platform provides multi-manager and single-strategy solutions across equity long/short, event-driven, relative value, and other categories. Neuberger Berman’s insurance-linked strategies business is among the largest dedicated managers of catastrophe bonds and related instruments.
Neuberger Berman serves institutional investors and private wealth clients from over 25 offices worldwide. The firm’s more than 2,700 employees include over 750 investment professionals.
Frequently Asked Questions
How large is Neuberger Berman's alternatives platform?
Neuberger Berman manages approximately $120 billion in alternative investments, including private equity, private credit, real estate, and hedge fund strategies, out of approximately $450 billion in total firm assets.
Is Neuberger Berman publicly traded?
No, Neuberger Berman is a privately held, employee-owned firm. The firm became independent in 2009 through a management buyout following the Lehman Brothers bankruptcy.
What private equity capabilities does Neuberger Berman have?
Neuberger Berman's private equity business includes fund-of-funds programs, secondary transactions, co-investments, and direct private equity strategies, with a track record spanning over 35 years.
