Neuberger Berman Private Markets

Founded in 1939 by Roy Neuberger and Robert Berman, Neuberger Berman has evolved from a traditional equity-focused firm into a global asset manager. A significant turning point in its history occurred in 2003 when it was acquired by Lehman Brothers, serving as a key pillar of Lehman's Investment Management Division until the parent company's 2008 bankruptcy. During the financial crisis, the firm's management successfully executed a buyout to regain independence, a move that eventually led to the firm becoming 100% employee-owned by late 2014.

The firm provides a wide range of investment strategies including equities, fixed income, and alternative investments such as private equity and hedge funds. It serves a diverse global client base of institutional investors, including pension plans and sovereign wealth funds, as well as high-net-worth individuals. In recent years, Neuberger Berman has significantly expanded its global footprint, particularly in the Asia-Pacific markets, and has grown its assets under management through both organic growth and strategic acquisitions like Breton Hill Capital.

Neuberger Berman is also noted for its distinctive corporate culture, frequently appearing on Best Places to Work lists, and its commitment to the arts. The firm maintains a significant corporate art collection, continuing a tradition started by its co-founder Roy Neuberger. In late 2024, the firm demonstrated its continued activity in large-scale private equity by leading a consortium to acquire Nord Anglia Education for $14.5 billion.