Fund database › Private Equity
Neuberger BermanLU2496021168Class A USD
The NB Global Private Equity Access Fund invests predominantly in direct co-investments alongside established private-equity managers, complemented by secondaries — globally diversified, as a Luxembourg Part II SICAV, launched in 2022. Subscriptions are fully paid in, with no capital calls.
Monthly subscription and redemption; net redemptions are capped at a quantified level per calendar quarter, and scaled-down orders lapse without priority. No lock-up in class A; the manager recommends a ten-year holding period, the PRIIPs KID cites five.
Subscription from EUR 10,000, fully paid in; retail-eligible in selected countries, in Germany currently through professional and semi-professional investors. Numerous share classes, ten of which carry a German PRIIPs KID.
Neuberger Berman's first semi-liquid private-equity fund — not to be confused with its ELTIF sister product, the NB Private Equity Open Access Fund. The institutional I classes are markedly cheaper than the A family; on top of that comes a carried-interest effect disclosed in the PRIIPs KID.
Figures for class A USD (LU2496021168) · product data 9 Oct 2026 · sources: prospectus (as at Sep 2026), PRIIPs-KID, Factsheet — full list under 08 documents.
Since the data series began in Mar 2024, the unit price has gained 13.8% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
34 monthly values, 4 derived from monthly returns · Source: secondary source (data portal), price feed / provider document · Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and dealing costs of reinvestment are not considered. Past performance is not a reliable indicator of future results. The fund has been running since Dec 2022; a reliable NAV series of the class is available from Mar 2024.
What the prospectus permits: Predominantly direct co-investments (70-90%), alongside Secondaries
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
95 holdings; the five largest account for 19.6% of the fund. 26.8% is held in the liquidity reserve — enough for 16 months of maximum redemptions.
How the reserve is invested: US T-Bill (8 positions, maturing by 04/2026) 25.6% · JPMorgan USD Ultra-Short Income UCITS ETF (Acc) 1.2%. It covers 16 months of the maximum net redemption (at most 20% per year under the gate) — what that means for redemptions is in 06.
Among the ten largest: 7 co-investments, 3 GP-led secondaries; 3 names not disclosed.
Undisclosed company that develops AI models; its name is anonymized in the factsheet.
Ryan LLC is a U.S. provider of tax advisory, tax recovery and tax technology services for businesses, covering sales and use taxes, property taxes and severance taxes, among others …
Action (Zwaagdijk, Netherlands) is Europe’s largest non-food discount retailer, with a broad, frequently changing range of household goods, decorations, toiletries and toys.
Nord Anglia Education is the world's largest operator of international premium private schools (K-12, day and boarding schools) …
Undisclosed rental provider of mobile and portable equipment in which a stake was acquired through a GP-led secondary transaction in 2026.
Value-added distributor of engineered products for industrial flow, valve and pump technology and automation, combining components with engineering, assembly and service capabilities.
Solenis is a global producer of specialty chemicals and water treatment solutions for water-intensive industries such as pulp and paper, municipalities, and hygiene and cleaning.
Undisclosed 2026 secondary transaction in the healthcare sector, classified by Neuberger Berman in its monthly report as GP-led.
Mavis Tire Express Services is an independent US tire retail and automotive service chain headquartered in Millwood (New York), with a large store network across numerous states.
GP-led multi-asset continuation fund from 2026 of Huron Capital (Detroit), a private equity investor in the US lower middle market.
Positions and shares according to the provider; 2 of 5 names not disclosed; short descriptions by semiliquid.info from public sources; 10.2% is not allocated to any block in the source; holdings as at 31 Aug 2026, reserve as at 31 Dec 2025; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 1.87%, class A USD is well below the median of the asset class (2.60%). On top comes a performance fee of 12.50% above a hurdle of 8% — without a high-water mark.
For 10,000 USD this means roughly 187 USD per year; the cheapest class with a cost figure is E-EUR (0.41%, from 25,000,000 EUR).
For 10,000 USD, a one-off up to 200 USD on purchase, nothing on redemption at present; the board may charge up to 5% (500 USD) — therefore not included in the liquidity score.
Based on the PRIIPs key information document of class A USD, hence comparable across providers. Median: 35 Private Equity funds in this database, data run 16 Oct 2026.
Units can be subscribed monthly. The price is the NAV on the valuation day — it is not known when the order is placed and is published only 15 business days later.
subscription form including AML/CFT-KYC complete before cut-off, otherwise postponement …
exceptionally 12:00 CET on the third-to-last business day of the calendar month.
Price = NAV per share on this day.
NAV Publication Date = first business day after the expiry of 14 business days following …
after NAV publication: 3 business days after NAV publication
An order placed today is invested in — days (—); the money is due on —. Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Valuation day | last calendar day of the month |
| Cut-off | 3 business days before month-end · 11:00 CET · (counted from month-end) |
| Price | valuation day |
| NAV publication | NAV Publication Date = first business day after the expiry of 14 business days following the valuation day, i.e. the 15th business day. |
| Payment | after NAV publication: 3 business days after NAV publication |
| Minimum investment | 10,000 EUR (class A; USD 10,000, HKD 100,000, JPY 1,000,000) |
| Entry charge (max.) | 2% (distributor) |
| Subscription limit | The Board may limit net subscriptions by reference to the available investment supply, without prior notice; pro-rata scale-back; rejection at any time at its absolute discretion |
| KYC / documents | subscription form including AML/CFT-KYC complete before cut-off, otherwise postponement to the following month |
| Business day | banks open the whole day for non-automated business in Luxembourg and, where applicable, further places named in the supplement. |
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 9 Oct 2026 · Documents: 08.
Units can be redeemed monthly — with a volume limit (Gate) and without a lock-up. How quickly the money arrives and what happens if many want out at once is set out below.
Cut-off 11:00 CET on the third to last business day of the calendar month, exceptionally until 12:00 CET.
Price = NAV per share on this day.
NAV at previous quarter-end (—)
at the latest 8 business days after NAV publication (—)
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
Money typically within a quarter — on average 44 days from decision to cash.
Rank 5 of 112 · rank 1 of 38 in Private Equity · no lock-up · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 15 Sep 2026 · score run 16 Oct 2026 · How 44 days become 64 pointsThe score measures how quickly and reliably you can get your money out according to the prospectus — not whether the fund is good.
| Character | redemption right |
|---|---|
| Frequency | monthly |
| Valuation day | last calendar day of the month |
| Notice | 3rd-last business day of the month · 11:00 CET |
| Price | valuation day |
| Payout | 3 business days after NAV publication (latest 8 business days) |
| Gate | 5% net of NAV at the previous quarter-end per quarter |
| Scaled-back portion | scaled-back portion lapses; new request required, no priority |
| Redemption fee (max.) | up to 5% (discretionary) |
| Lock-up | none |
| Suspension | Valuation or pricing sources unavailable; transfer or repatriation restrictions; liquidation or exceptional circumstances |
| Liquidity tools | Suspension of the NAV, of the issue and of the redemption of units; gate 5% net per calendar quarter; redemption fee of up to 5%. |
| Switch / transfer | Only with the prior consent of the board of directors and only to Eligible Investors; no listing; conversion at the investor's request is generally not possible |
| Compulsory redemption | Compulsory redemption in the case of Prohibited Persons or loss of Eligible Investor status, where the residual holding is below one share, as well as class … |
Net redemptions (redemption orders less subscription orders at the same Cut-off, aggregated across all share classes and calculated in USD) are capped per calendar quarter at 5% of the NAV of all outstanding shares as at the end of the preceding quarter. The board of directors may suspend the limit in part (by setting a higher percentage) or in full.
The gate is not a gross ratio per share class but a NET figure: what is capped are the net redemptions (redemption orders less subscription orders of the same Cut-off) aggregated across all share classes and in the base currency USD, measured against 5% of NAV as at the end of the preceding quarter.
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 9 Oct 2026 · Documents: 08.
26 classes. All cost and risk figures on this page refer to the basis class A USD; the cheapest class with a cost figure is E-EUR (0.41%, from 25,000,000 EUR).
PRIIPs KID ✓: a key information document exists and is the source of the costs. —: no KID documented — the class is distributed outside the EEA or to investors not covered by the KID requirement, or the document is not available.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Prospectus | Jan 2026 | — |
| Key information document (PRIIPs KID) | 11 Feb 2026 | — |
| Factsheet / monthly report | 31 Jul 2026 | — |
| NAV series secondary source (data portal), price feed / provider document | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 31 Aug 2026 | Portfolio (03) |
All figures are taken from provider documents (product data as at 16 Oct 2026, distribution data as at 5 Oct 2026) and have not been conclusively verified.
Redemption monthly, notice period 3rd-last business day of the month, with 5% gate per quarter. Subscribing today, it takes on average 44 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 1.87% p.a. according to the PRIIPs KID for class A USD; the median of the Private Equity funds in this database is 2.60%; plus a performance fee of 12.50%.
10,000 USD in class A USD.
Not as a retail investor. According to our evidence, in Germany it is open only to semi-professional investors (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the NB Global Private Equity Access Fund. Under the prospectus a gate of 5% per quarter applies.
Same asset class, similar sub-strategy.
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Ardian · Part II SICAV · quarterly
BlackRock · ELTIF 2.0 · quarterly
Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.