Neuberger Berman, a private, independent, employee-owned investment manager, has launched a private equity European Long-Term Investment Fund (ELTIF) making the firm’s global private equity offering more accessible to eligible retail and non-professional investors and their advisers.
Unlike most traditional private equity funds with high minimum investment thresholds, both professional and eligible retail investors across Europe will have access to the fund with a minimum investment of EUR50,000. The fund’s expected life has also been shortened to eight years from the more traditional length of 10-12 years.
The ELTIF will leverage the expertise of Neuberger Berman’s multi award-winning private equity team which employs 245-plus private markets professionals over nine global locations. Neuberger Berman has managed private market assets for more than 30 years and its integrated model of primary and secondary fund investments and direct private equity businesses enhances deal flow, due diligence capabilities and GP relationships.
Read more at Private Equity Wire
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