Neuberger Berman Funds
Candidate, with 2 portfolio companies on record.
Composed from this organization's classification, location and filed figures.
6 additional co-investors and affiliates
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 180 days. Last change: 16 Oct 2025, 1 new company in the last 12 months. Latest round Upgrade round ($165M round, led) on 16 Oct 2025.
Relationship network
12 connected entities1 observed roundrounds 2025
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Capital provider
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Neuberger Berman Funds: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Neuberger Berman Funds
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
2 companies on record, 1 new in 12 months
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Upgrade Fintech | portfolio listing | lead | unknown | unknown | unknown | Sep 30, 2026 | Fact Company website |
| Upgrade | Funding round | lead | unknown | $165M | unknown | Oct 16, 2025 | Fact Press release |
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
0 current, 0 departed
Funds and LPs
0 vehicles, 1 LPs disclosed
- 2025-10-103 commitments · $2.8B disclosed
| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| New York State Common Retirement Fund | PUBLIC INSTITUTIONAL POOL | NYSCRF NB Co-Investment Fund III, LLC at Neuberger Berman Funds | $2.0B committed | committed Nov 27, 2024 | Fact Pension disclosure |
| New York State Common Retirement Fund | PUBLIC INSTITUTIONAL POOL | Dyal Capital Partners III, L. P. at Neuberger Berman Funds | $500M committed | committed Dec 22, 2015 | Fact Pension disclosure |
| New York State Common Retirement Fund | PUBLIC INSTITUTIONAL POOL | NYSCRF NB Co-Investment Fund III, L.P. at Neuberger Berman Funds | $300M committed | committed Oct 10, 2025 | Fact Pension disclosure |
Relationships across DFX
9 co-investors · on 1 other DFX graph
- 2026-10-011 shared deal · one time · this firm led 1
- 2026-09-301 shared deal · one time · they led 1 · this firm led 1
- 2026-09-301 shared deal · one time · they led 1 · this firm led 1
Across DFX and the capital chainon 1 other DFX graph · 1 capital path ShowHide
- The same institution is held on Allocators, matched by identifier. See which records
Neuberger Berman Funds is the same institution as 1 record in Allocators.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Neuberger Berman Funds sits on 1 traced path of capital across the graphs.
DFX traced 1 path of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
3 dated events, 0 observations from 0 sources
- Oct 10, 2025NYSCRF commits $300,000,000 to NYSCRF NB Co-Investment Fund III, L.P. (Neuberger Berman Group LLC), closed 2025-10-10, existing relationship
- Nov 27, 2024NYSCRF commits $2,000,000,000 to NYSCRF NB Co-Investment Fund III, LLC (Neuberger Berman), closed 2024-11-27, existing relationship
- Dec 22, 2015NYSCRF commits $500,000,000 to Dyal Capital Partners III, L. P. (Neuberger Berman Group, LLC), closed 2015-12-22, new relationship
Address, phone, Form ADV filing and ownersno Form ADV on recordShowHide
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- unknown
- Website
- unknown
- SEC adviser type
- unknown
- SEC exemption claimed
- unknown
- Latest Form ADV
- unknown
- Private funds reported
- unknown
- Private fund gross assets, adviser total
- unknownreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 14, 2026Candidate (candidate, 50%)No sworn venture fact yet (name or round mention only)
- Sep 13, 2026Candidate (candidate, 50%)Named as an investor in a financing announcement
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|
How this is scored
Scores, classification basis and filing advisersCandidate, candidateShowHide
No sworn venture fact yet (name or round mention only)
- importance
- gav: $0 · funds: 0 · people: 0 · investments: 0.11 · scale basis: Venture-typed funds only (Candidate): 0 funds, $0M of $0M reported · co investors: 0.39
- active deployment
- investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2025-10-16
- emerging manager
- fund count: 0 · reported gav: $0 · first adv filing: not scored · years since first filing: not scored
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Reclassified2026-09-13
- LP commitment made2025-10-10source on record
- LP commitment made2024-11-27source on record
+1 more change on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
Not yet on record: investment team, latest vintage.