DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Nb Alternatives Advisers LLC
Latest filing Mar 27, 2026
First filing on the tape Mar 30, 2012 · 40 filings
SEC status approved since Mar 31, 2009
RAUM
$160B
reported, Item 5.F
Discretionary
88%
of RAUM
Private clients
0.3%
$544M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
417
224 advisory (5.B.1)
Offices
12
beyond the principal office
Private funds
159
reported on Schedule D
History
40 filings and snapshots on the tape
RAUM$160B as of Mar 27, 2026
Mar 30, 2012$11B then
HNW client RAUM$544M as of Mar 27, 2026
Mar 28, 2024$10.0M then
State-registered IARs (5.B.3)110 as of Mar 27, 2026
Mar 28, 20130 then
Employees (5.A)417 as of Mar 27, 2026
Mar 28, 201364 then
Private funds159 as of Mar 27, 2026
Mar 30, 201242 then
RAUM +19% over the last fiscal year+15% a year over threeIARs 137 to 110
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
Archetypes, each a printed rule
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- RAUM per advisor
- $1.5BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 0derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $272MderivedHNW RAUM over HNW clients
- Average account
- $423MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 88%derivedof RAUM
- Institutional
- 33%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.8derivedItem 5.A over advisors
- Advisors per office
- 8.5derived13 offices incl. principal (1.F.5)
- RAUM growth, one year
- +19%derivedbetween the last two annual amendments
- Advisor growth, one year
- -20%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -33%derived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisers, educational seminarsreportedItem 5.G
- Custody
- $9.0B, 31 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$89B56%
- Pension and profit-sharing plans$23B14%
- Insurance companies$20B13%
- Banks and thrifts$12B7.4%
- State and municipal entities$7.9B4.9%
- Investment companies$4.2B2.6%
- Corporations and businesses$1.4B0.9%
- Sovereign wealth funds$1.4B0.8%
- High-net-worth individuals$544M0.3%
- Charitable organizations$491M0.3%
- Other investment advisers$466M0.3%
- Individual clients
- 0reported
- HNW clients
- 2reported
- Pension plan clients
- 48reported
- Charitable clients
- 4reported
- Accounts
- 379reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $9.0B for 31 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.58 institutional_share=0.33 related_bd=true related_bank=true bd_reps=169.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
200 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Nb Sof V Holdings LP | Private Equity Fund | $5.6B | 989 | Mar 30, 2020 |
| Nb Secondary Opportunities Fund V LP | Private Equity Fund | $5.2B | 969 | Mar 28, 2024 |
| Columbia Nb Crossroads Fund II LP | Private Equity Fund | $3.6B | 2 | Mar 31, 2014 |
| Nb Sof IV Holdings LP | Private Equity Fund | $3.1B | 361 | Mar 31, 2017 |
| Nb Ils Master Fund LP | Hedge Fund | $2.4B | 148 | Mar 29, 2019 |
| Nb Private Debt Fund IV (A) LP | Private Equity Fund | $2.4B | 142 | Mar 31, 2021 |
| Nb Secondary Opportunities Fund IV LP | Private Equity Fund | $2.3B | 221 | Mar 28, 2024 |
| Nb Strategic Co-Investment Partners IV Holdings LP | Private Equity Fund | $2.3B | 445 | Mar 29, 2019 |
| Nb Strategic Co-Investment Partners III Holdings LP | Private Equity Fund | $2.0B | 543 | Mar 31, 2015 |
| Nb Credit Opportunities II Cayman LP | Private Equity Fund | $2.0B | 70 | Mar 31, 2021 |
| Almanac Realty Securities Viii, L.P. | Private Equity Fund | $1.8B | 63 | Mar 31, 2022 |
| Nb Strategic Co-Investment Partners IV LP | Private Equity Fund | $1.8B | 445 | Mar 28, 2024 |
| Almanac Realty Securities Viii, L.P.no longer reported | Private Equity Fund | $1.7B | 63 | Mar 29, 2019 |
| Nb Agi Pe Portfolio II Fund LP | Private Equity Fund | $1.7B | 3 | Mar 29, 2018 |
| Nyscrf Nb Co-Investment Fund II LLC | Private Equity Fund | $1.7B | 2 | Mar 30, 2020 |
| Nb Select Opps IV Mhf LP | Private Equity Fund | $1.6B | 738 | Mar 31, 2021 |
| Nb Secondary Opportunities Holdings LPno longer reported | Private Equity Fund | $1.6B | 306 | Mar 30, 2012 |
| Nb Rppe Partners LP | Private Equity Fund | $1.6B | 2 | Mar 31, 2015 |
| Nbfof Xxii - Holdings LP | Private Equity Fund | $1.6B | 87 | Mar 29, 2018 |
| Nb Strategic Capital LP | Private Equity Fund | $1.6B | 177 | Mar 29, 2018 |
| Nb Select Opps V Mhf LP | Private Equity Fund | $1.5B | 1,886 | Mar 31, 2022 |
| Nb Specialty Finance Fund II LP | Private Equity Fund | $1.5B | 126 | Mar 31, 2021 |
| Almanac Realty Securities Ix, L.P. | Private Equity Fund | $1.5B | 80 | Mar 31, 2021 |
| Texas Permanent School Fund Nb Pe Program LP | Private Equity Fund | $1.3B | 2 | Mar 31, 2014 |
| Nb Private Debt Fund IV Lux (B) Scsp | Private Equity Fund | $1.3B | 25 | Mar 31, 2023 |
| Nbfof 23 Holdings LP | Private Equity Fund | $1.2B | 40 | Mar 30, 2020 |
| Nb Sof III Holdings LP | Private Equity Fund | $1.2B | 311 | Mar 31, 2014 |
| Nb Credit Opportunities Fund II LP | Private Equity Fund | $1.1B | 258 | Mar 31, 2021 |
| Nb Select Opps Vi Mhf LP | Private Equity Fund | $1.1B | 1,210 | Mar 31, 2023 |
| Nbfof Xx - Holdings LP | Private Equity Fund | $1.0B | 125 | Mar 28, 2013 |
| Almanac Realty Securities Vii, L.P. | Private Equity Fund | $990M | 47 | Mar 31, 2022 |
| Nb Sonoran Fund Limited Partnership | Private Equity Fund | $981M | 2 | Mar 31, 2015 |
| Nbfof Xxi - Holdings LP | Private Equity Fund | $981M | 71 | Mar 31, 2015 |
| Nb Private Equity Credit Opportunities Holdings LP | Private Equity Fund | $950M | 181 | Mar 31, 2017 |
| Nb Specialty Finance Fund III LP | Private Equity Fund | $936M | 34 | Mar 28, 2024 |
| Nb Private Debt Fund III LP | Private Equity Fund | $896M | 101 | Mar 29, 2018 |
| Nb Strategic Co-Investment Partners II LPno longer reported | Private Equity Fund | $895M | 122 | Mar 30, 2012 |
| Nb Resof Holdings LP | Private Equity Fund | $878M | 320 | Mar 29, 2018 |
| Nb Strategic Capital II Holdings LP | Private Equity Fund | $876M | 204 | Mar 31, 2023 |
| Almanac Realty Securities Vii, L.P.no longer reported | Private Equity Fund | $866M | 47 | Mar 25, 2015 |
Owners and control persons
Schedule A and B, latest filing
- Patrick Brien Smith · Presidentcontrolsince 01/2017 · owns less than 5%
- David Anthony Tutrone · Chief Executive Officercontrolsince 02/2009 · owns less than 5%
- John Joseph Bertini · Chief Compliance Officersince 06/2022 · owns less than 5%
Entity owners
- Nb Alternatives Holdings LLC · Holding Companydirect · owns 75% or more
- Nbsh Acquisition, LLC · Memberindirect · owns 75% or more of Neuberger Berman Group LLC
- Neuberger Berman Group LLC · Holding Companyindirect · owns 75% or more of Nb Alternatives Holdings LLC
- Neuberger Berman Aa LLC · Holding Companydirect · owns less than 5%
Related persons
Schedule D 7.A
- First Nb Scutum Pe Associates LPpooled vehicle sponsorn
- First Nb Scutum Pe Gp LLCpooled vehicle sponsorn
- Glsf1 LLCpooled vehicle sponsorn
- Golden Road Capital Fund Gp, LLCpooled vehicle sponsorn
- Juni Pe Fund Gp LPpooled vehicle sponsorn
- Juni Pe Gp LLCpooled vehicle sponsorn
- Kps-Nb Multi-Strategy Fund I Gp LLCpooled vehicle sponsorn
- Kps-Nb Multi-Strategy Fund I Gp LPpooled vehicle sponsorn
- Marquee Brands Gp LLCpooled vehicle sponsorn
- Marquee Brands II Gp LLCpooled vehicle sponsorn
- Nb Aggregator Gp LLCpooled vehicle sponsorn
- Nb Agi Pe Fund Gp LLCpooled vehicle sponsorn
- Nb Aims (Cayman) Limitedpooled vehicle sponsorn
- Nb Aims Gp LLCpooled vehicle sponsorn
- Nb Aims Sc1 Gp LLCpooled vehicle sponsorn
- Nb Aims Scvi Gp LLCpooled vehicle sponsorn
- Nb Alabaster Gp LLCpooled vehicle sponsorn
- Nb Alabaster Gp LPpooled vehicle sponsorn
- Nb Almanac Aci Gp LLCpooled vehicle sponsorn
- Nb Almanac Aso Gp LPpooled vehicle sponsorn
- Nb Almanac Asp Gp LPpooled vehicle sponsorn
- Nb Almanac Investors Gp LPpooled vehicle sponsorn
- Nb Almanac Realty Investors Ix Gp LLCpooled vehicle sponsorn
- Nb Almanac Realty Investors V Gp LLCpooled vehicle sponsorn
- Nb Almanac Realty Investors Vi Gp LLCpooled vehicle sponsorn
- Nb Almanac Realty Investors Vii Gp LLCpooled vehicle sponsorn
- Nb Almanac Realty Investors Viii Gp LLCpooled vehicle sponsorn
- Nb Almanac Securities Canada Gp Inc.pooled vehicle sponsorn
- Nb Alps Gp LLCpooled vehicle sponsorn
- Nb Alternatives Europe General Partner S.A R.L.pooled vehicle sponsorn
Advisers that list Nb Alternatives Advisers LLC as a related person
Offices
Schedule D 1.F, the 25 largest
- New York, NY124 employees
- London, United Kingdom19 employees
- Redwood City, CA7 employees
- Hong Kong, Hong Kong4 employees
- Los Angeles, CA3 employees
- Pembroke, Bermuda3 employees
- Boston, MA2 employees
- Madrid, Spain2 employees
- Tokyo, Japan1 employees
- Singapore, Singapore1 employees
- Avon, CO1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- large related person networkStatic outlier · filing Mar 27, 2026related persons on Schedule D 7.A of 276.0 against a peer median of 15.0 (99 comparable advisers, 100.0th percentile, 17.6 robust deviations)peers: other advisers, $20B and over (99) · 100% percentile
What changed
consecutive filings, newest first
- Accounts · 354 to 379Mar 28, 2025 to Mar 27, 2026
- Advisory employees · 200 to 224Mar 28, 2025 to Mar 27, 2026
- BD registered reps · 140 to 169Mar 28, 2025 to Mar 27, 2026
- Charity clients · 5 to 4Mar 28, 2025 to Mar 27, 2026
- Corporate clients · 9 to 6Mar 28, 2025 to Mar 27, 2026
- HNW clients · 3 to 2Mar 28, 2025 to Mar 27, 2026
- Pension plan clients · 43 to 48Mar 28, 2025 to Mar 27, 2026
- Pooled vehicle clients · 173 to 192Mar 28, 2025 to Mar 27, 2026
- Assets in custody · $8.2B to $9.0BMar 28, 2025 to Mar 27, 2026
- Employees · 368 to 417Mar 28, 2025 to Mar 27, 2026
- Insurance-licensed employees · 137 to 110Mar 28, 2025 to Mar 27, 2026
- State-registered IARs · 137 to 110Mar 28, 2025 to Mar 27, 2026
- Private funds · 157 to 159Mar 28, 2025 to Mar 27, 2026
- Discretionary RAUM · $118B to $142BMar 28, 2025 to Mar 27, 2026
- HNW RAUM · $526M to $544MMar 28, 2025 to Mar 27, 2026
- Non-discretionary RAUM · $17B to $19BMar 28, 2025 to Mar 27, 2026
- Pension RAUM · $21B to $23BMar 28, 2025 to Mar 27, 2026
- Pooled vehicle RAUM · $72B to $89BMar 28, 2025 to Mar 27, 2026
- RAUM · $135B to $160BMar 28, 2025 to Mar 27, 2026
- Accounts · 827 to 354Oct 2, 2024 to Mar 28, 2025
- Advisory employees · 187 to 200Oct 2, 2024 to Mar 28, 2025
- BD registered reps · 177 to 140Oct 2, 2024 to Mar 28, 2025
- Charity clients · 6 to 5Oct 2, 2024 to Mar 28, 2025
- HNW clients · 1 to 3Oct 2, 2024 to Mar 28, 2025
- Pension plan clients · 49 to 43Oct 2, 2024 to Mar 28, 2025
- Pooled vehicle clients · 580 to 173Oct 2, 2024 to Mar 28, 2025
- Assets in custody · $6.8B to $8.2BOct 2, 2024 to Mar 28, 2025
- Employees · 319 to 368Oct 2, 2024 to Mar 28, 2025
- Insurance-licensed employees · 143 to 137Oct 2, 2024 to Mar 28, 2025
- Financial planning clients · 0 to 0Oct 2, 2024 to Mar 28, 2025
- State-registered IARs · 143 to 137Oct 2, 2024 to Mar 28, 2025
- Private funds · 131 to 157Oct 2, 2024 to Mar 28, 2025
- Discretionary RAUM · $102B to $118BOct 2, 2024 to Mar 28, 2025
- HNW RAUM · $10.0M to $526MOct 2, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $16B to $17BOct 2, 2024 to Mar 28, 2025
- Pension RAUM · $17B to $21BOct 2, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $64B to $72BOct 2, 2024 to Mar 28, 2025
- RAUM · $118B to $135BOct 2, 2024 to Mar 28, 2025
- Accounts · 765 to 827Dec 6, 2023 to Mar 28, 2024
- Advisory employees · 165 to 187Dec 6, 2023 to Mar 28, 2024
Signals
10 dated events
- Nb Alternatives Advisers Llc reported 143 state-registered advisory representatives, up from 105 (2023-12-06 to 2024-03-28)Mar 28, 2024 · Advisor headcount change · derived
- Nb Alternatives Advisers Llc reported 105 state-registered advisory representatives, up from 80 (2022-06-29 to 2023-03-31)Mar 31, 2023 · Advisor headcount change · derived
- Paul John Buser (President) no longer on Schedule A of Nb Alternatives Advisers Llc (listed 2021-06-11, absent 2022-03-31)Mar 31, 2022 · Control person left · inference
- Nb Alternatives Advisers Llc reported RAUM $87.9B, up 27% from $69.2B (2021-06-11 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Nb Alternatives Advisers Llc reported RAUM $69.2B, down 32% from $101.2B (2021-03-31 to 2021-06-11)Jun 11, 2021 · RAUM change · derived
- Nb Alternatives Advisers Llc reported 68 state-registered advisory representatives, down from 90 (2021-03-31 to 2021-06-11)Jun 11, 2021 · Advisor headcount change · derived
- Nb Alternatives Advisers Llc reported 90 state-registered advisory representatives, up from 73 (2020-12-17 to 2021-03-31)Mar 31, 2021 · Advisor headcount change · derived
- Nb Alternatives Advisers Llc reported 73 state-registered advisory representatives, up from 60 (2019-11-25 to 2020-03-30)Mar 30, 2020 · Advisor headcount change · derived
- Nb Alternatives Advisers Llc reported 7 offices beyond its principal office, up from 2 (2019-02-20 to 2019-03-29)Mar 29, 2019 · Office count change · derived
- Nb Alternatives Advisers Llc reported RAUM $68.3B, up 39% from $49.2B (2019-02-20 to 2019-03-29)Mar 29, 2019 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- NB Alternatives Advisers LLC · Independent Sponsorsshared crd · capital_provider
- NB Alternatives Advisers LLC · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- LINKEDIN.COM/COMPANY/NEUBERGER-BERMANreportedpublic record, Form ADV, Sep 17, 2026
- Website
- NB.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 214-647-9500reportedpublic record, Form ADV, Mar 27, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026