# Neuberger Berman Fund of Funds and Secondary

Neuberger Berman Fund of Funds and Secondary is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1939
- **Assets under management:** Undisclosed
- **Website:** nb.com
- **LinkedIn:** https://www.linkedin.com/company/neuberger-berman

## Regulatory record

- **Reports private funds:** No

## About

Neuberger Berman is a fund of funds manager based in New York, US. It focuses on Buyout strategies. The firm oversees approximately $50.9 billion in assets, with $5.7 billion in dry powder. It has 2846 staff, including 762 investment professionals.

## Sectors

- Private Equity
- Private Credit
- Hedge Funds
- Secondaries & Special Situations
- Real Estate
- Infrastructure
- Venture Capital

## People

- George Walker — Chairman and CEO
- Joseph Amato — President and Chief Investment Officer

## Questions

### Does the group invest in GP-led secondary transactions or only traditional LP portfolio sales?

The secondary team participates in both GP-led continuation-vehicle transactions — where a sponsor rolls portfolio companies into a new vehicle to extend hold periods — and traditional LP-interest portfolio sales. This dual mandate reflects the group's permanent-capital structure, which allows it to evaluate complex secondary opportunities without the forced liquidity timelines that constrain some competitors.

### How is Neuberger Berman's employee-ownership model relevant to the fund-of-funds group?

Neuberger Berman completed a management buyout from Lehman Brothers in 2009, and the firm remains owned by its senior investment professionals and portfolio managers. For the fund-of-funds group, this means investment decisions are made by individuals who hold equity in the overall franchise — aligning time horizons between the allocator and the GPs it backs. There is no external shareholder pressure to harvest fees or grow assets at the expense of return quality.

### What types of clients does the fund-of-funds and secondary group serve?

The group manages capital for institutional clients including public and corporate pension funds, sovereign wealth funds, insurance companies, and high-net-worth individuals, primarily through commingled fund-of-funds vehicles and customized separate accounts. The separate-account capability allows large investors to tailor their private-markets exposure while leveraging the group's manager selection and secondary execution.

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Last updated: 2026-06-03T20:00:00.000Z

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