NB Alternative Funds SICAV S.A. - (subfund) NB Direct Private Equity Fund 2024

NB Alternative Funds SICAV S.A. - (subfund) NB Direct Private Equity Fund 2024 is a closed-end ELTIF subfund managed by Neuberger Berman, domiciled in Luxembourg as a SICAV and authorised under the UCI Part II regime. It launched in 2022 and operates under the ELTIF 1.0 framework, which defines its eligibility rules and its distribution reach across both professional and retail channels on a pan-European basis. The base currency is EUR and the minimum subscription is 25,000 EUR, a threshold that places it within the segment of ELTIF vehicles designed to be accessible to individual investors alongside institutional allocations. It is classified as Article 8 under SFDR.

The strategy is buyout within private equity, executed through direct investments rather than a fund-of-funds structure, with portfolio exposure spread as shown in . Capital is committed for the life of the vehicle: the fund is closed-end, carries a multi-year hard lock-up and offers no periodic redemption facility, so liquidity depends on distributions from underlying realisations rather than on dealing windows. Valuation is struck on a quarterly basis, which is also the reference point for reported . Costs are set out as at the management-fee level and on an all-in basis.

Within the Novantigo coverage universe of 494 vehicles as of 31 Aug 2026, the fund is one of 163 in private equity, one of 347 domiciled in Luxembourg, and one of 117 that combine both. That peer set is the relevant frame for comparing its fee levels, size and lock-up terms against structurally similar ELTIF offerings.