Neuberger Berman Private Markets

Neuberger Berman was founded in 1939 by Roy Neuberger and Robert Berman. The firm underwent a significant transition in 2003 when it was acquired by Lehman Brothers for approximately $2.63 billion. Following the collapse of Lehman Brothers in 2008, the firm's management successfully executed a buyout, prevailing over private equity bids to establish Neuberger Berman as an independent, employee-owned entity.

Since regaining independence in 2009, the firm has experienced sustained growth, diversifying from its traditional equity focus into emerging markets debt, high-yield bonds, and private equity. By 2014, the firm returned to full employee ownership, a status often cited as a key factor in its high talent retention and corporate culture. In recent years, Neuberger has expanded its global footprint, particularly in Asia-Pacific markets, and acquired specialized firms like Breton Hill Capital to enhance its investment capabilities.