NB Alternative Funds SICAV S.A. - (subfund) NB Private Equity Open Access Fund

NB Alternative Funds SICAV S.A. - (subfund) NB Private Equity Open Access Fund is an open-ended ELTIF subfund managed by Neuberger Berman, domiciled in Luxembourg under the UCI Part II regime and structured as a SICAV. It launched in 2025 under the ELTIF 2.0 framework, is denominated in EUR and is distributed pan-European to both retail and professional investors, with a minimum ticket of 10,000 EUR. The vehicle invests in private equity with a buyout focus and is classified Article 8 under SFDR, carrying a summary risk indicator of 4.

Liquidity is semi-open rather than continuous: subscriptions are accepted monthly and redemptions are processed quarterly, subject to a notice period of 90 and an initial hard lock-up on subscribed capital. Valuation is struck monthly, so dealing and reporting run on the same cycle, and investors should plan exits around the combined notice and redemption calendar rather than the NAV date. Fees comprise a management fee of and a performance fee of , which positions the cost structure relative to the evergreen private equity cohort on this platform.

Within the Novantigo universe of 494 vehicles as of 31 Aug 2026, the fund is one of 163 private equity strategies, one of 347 funds domiciled in Luxembourg, and one of 117 that combine both. Reported assets stand at , measurable against that peer set, and the portfolio's regional breakdown is , which indicates where the underlying buyout exposure is concentrated relative to comparable ELTIF 2.0 structures.