Neuberger Berman has launched a semi-liquid private markets fund and renamed its Eltif strategy in response to changing regulations and increasing client interest.
The NB Global Private Equity Access, a semi-liquid Sicav II fund available to retail investors in Luxembourg, Finland and Australia, will focus on co-investments, which can make up 70-90% of the fund, while a smaller allocation will be made to secondary investments.
It has a subscription minimum of €10,000 and investors can redeem on a monthly basis.