Fund database › Private Equity
Neuberger Berman · LU2931940923
ELTIF 2.0 Private Equity Luxembourg Article 8 13 share classes ↓ Secondaries Co-Investments Buyout
Unit price (NAV) in EUR · share class A EUR · 13 data points
Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and the trading costs of reinvestment are not taken into account. Past performance is not a reliable indicator of future results.
These come from the factsheet, the PRIIPs KID or the monthly report. They may relate to a different reference date, a different share class or a longer period than the series above — the series starts with the first documented unit price, not necessarily with the launch. That is why the values sometimes differ.
| Performance 12M | 15.70% |
Target return per the provider: Not documented (no official target return; moderate KID scenario class A: 13.01 % p.a. over 5 years after costs)
Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.
What the fund does and how the portfolio is put together.
Risk indicator 4 of 7 from the key information document (1 = low, 7 = high); it captures liquidity risks only to a limited extent.
Portfolio breakdown
Broken down using semiliquid’s common taxonomy — provider labels are mapped onto shared categories so that funds can be compared. Only published figures are used; nothing is estimated.
Strategy
The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.
| Management fee | not documented |
| Total ongoing costs | 2.09% |
| Entry charge max. | 2.00% |
| Redemption fee | 0.00% |
| Performance fee | 1.44% |
| Hurdle rate | 8.00% |
| High-water mark | not documented |
Median across 31 funds in this asset class in our database, based on the PRIIPs KID. No statement about quality — cost structures differ depending on the strategy and on target-fund layers.
How you get into the fund, and on what terms.
Monthly (order deadline 12:00 CET on T-20; monthly NAV determination)
Semi-liquid means redemption only on fixed dates, with notice periods and upper limits. This is how it works for this fund — in the order the redemption process runs.
Units can be redeemed quarterly; notice must be given 90 days before the date; on each date the fund redeems at most 5 % of fund assets; for the first 24 months after subscription no redemption is possible.
The gate caps redemptions at 5 % of fund assets per date. If more investors want out at the same time, orders are scaled back pro rata or deferred to the next date.
From the notice being received to the money reaching your account: typically around 108 to 200 days — depending on how far away the next redemption date is. If the gate bites or redemptions are suspended, it can take considerably longer.
Quarterly
5 % of NAV per quarter (aggregate net redemptions across all share classes, measured against the NAV at the end of the preceding quarter); scaled back pro rata where exceeded; further restrictions possible
At least 90 calendar days before the relevant redemption date
Ramp-up phase of 2 years from the first subscription closing with no redemption option; extension by up to 1 year or early termination possible
The score measures only the contractual redemption mechanics (the higher, the more flexible) — not whether the fund actually stays liquid under stress. Weightings in per cent.
13 classes known. All cost and risk figures on this page apply to LU2931940923.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2931940923 | basis of this page | EUR 10,000 | 2.09% | 4/7 |
| LU2931941061 | documented | not documented | 1.24% | 4/7 |
| LU2931941145 | documented | not documented | 2.24% | 4/7 |
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2931941905 | documented | not documented | 0.24% | 4/7 |
| LU2958546421 | documented | not documented | 2.49% | 4/7 |
| LU2958546694 | documented | not documented | 2.74% | 4/7 |
| LU2966423639 | documented | not documented | 1.24% | 4/7 |
| LU3017958748 | documented | not documented | 1.24% | 4/7 |
| LU3017958821 | documented | not documented | 1.74% | 4/7 |
| LU3249969158 | documented | not documented | not documented | not documented |
| LU3217584369 | documented | not documented | not documented | not documented |
| LU3087697473 | documented | not documented | 2.09% | 4/7 |
| LU2931941574 | documented | not documented | 0.74% | 4/7 |
Who stands behind the fund, who it is authorised for — and what the figures rest on.
Neuberger Berman AIFM S.à r.l.; depositary and administrator: Brown Brothers Harriman (Luxembourg) S.C.A
Fund Inception Date 1 Jan 2025 (ELTIF authorisation 28 Nov 2024; market launch/first close June 2025)
Listed as “NB Alternative Funds SICAV S.A. - NB Private Equity Open Access Fund“ · fund type: EU/foreign ELTIF, closed-ended, all investors · ID 70161524
Eligible retail investors and professional/institutional investors
15 countries, including Austria, Belgium, Germany, Denmark, Spain, Finland, France, Luxembourg, the Netherlands, Czechia, Slovakia, Sweden and Liechtenstein (+ others)
PREDOMINANTLY SINGLE-LEVEL: The fund makes DIRECT PRIVATE EQUITY CO-INVESTMENTS in Europe, North America, Asia and Latin America - it therefore does not invest in target funds, so the classic fund-of-funds double charging does not arise. The co-investments are made alongside PE sponsors, which may charge their own fees at deal level; in NB co-investment programmes co-investments are usually 'no fee / no carry' at sponsor level, but this is not confirmed in the material available - n/a
All figures come from our analysis of provider documents (product data as at 19 Aug 2026, distribution data as at 12 Aug 2026) and have not been conclusively verified.
Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.