Neuberger Berman launched with $208 million the NB Crossroads Private Markets Access Fund LLC, a closed-end fund that was set up to "democratize" private equity investing.
The initial launch included $34 million from Neuberger Berman employees. The registered offering builds on the firms already $75 billion in the fund structure.
The new fund offers individual investors access to co-investments, secondary private equity solutions, a low $50,000 investment minimum and a single capital call feature.
“We have spoken for a long time about the need to make private equity available to . . .
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