{"url":"https://nivawealth.com/firms/nb-alternatives-advisers-149822","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/149822","regulatoryAum":160242886816,"crd":"149822","secFileNumber":"801-70009","legalName":"NB Alternatives Advisers LLC","displayName":"NB Alternatives Advisers","website":null,"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"2101 Cedar Springs Road, 12th Floor, Suite 1200","city":"Dallas","state":"TX","stateName":"Texas","country":"United States","postalCode":"75201"},"tradeNames":[],"registration":{"secApproved":"31 March 2009","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":417,"advisory":224,"brokerDealerReps":169,"insuranceAgents":0,"promoters":1},"aum":{"discretionary":141684824942,"discretionaryAccounts":336,"nonDiscretionary":18558061874,"nonDiscretionaryAccounts":43,"wrapProgram":null,"nonUsClientsPct":12,"nonAumClients":15},"clientTypes":[{"label":"High-net-worth individuals","clients":2,"regulatoryAum":544225808},{"label":"Banking or thrift institutions","clients":28,"regulatoryAum":11865163192},{"label":"Investment companies","clients":16,"regulatoryAum":4156657003},{"label":"Pooled investment vehicles","clients":192,"regulatoryAum":89083112765},{"label":"Pension and profit-sharing plans","clients":48,"regulatoryAum":22937315622},{"label":"Charitable organizations","clients":4,"regulatoryAum":491436584},{"label":"State or municipal government entities","clients":9,"regulatoryAum":7874974490},{"label":"Other investment advisers","clients":4,"regulatoryAum":465953845},{"label":"Insurance companies","clients":61,"regulatoryAum":20045814654},{"label":"Sovereign wealth funds and foreign official institutions","clients":9,"regulatoryAum":1355985031},{"label":"Corporations and other businesses","clients":6,"regulatoryAum":1422247822}],"fees":[],"feeNotes":[],"custodians":[{"name":"Bank of America, N.A.","shortName":"Bank of America, N.A.","location":"Charlotte, NC","smaAssets":43491760939},{"name":"U.S. Bancorp","shortName":"U.S. Bancorp","location":"Wilmington, DE","smaAssets":8445066241}],"custodyNote":"NB Alternatives Advisers has custody of $8.96B for 31 clients.","otherCustodians":[],"leadership":[{"name":"Anthony Tutrone","title":"Chief Executive Officer","crd":"2264582"},{"name":"Joseph Bertini","title":"Chief Compliance Officer","crd":"4366969"}],"ownership":[{"label":"NB Alternatives Holdings LLC","detail":"Holding company in the 75% or more ownership band and a control person, since February 2009."},{"label":"Neuberger Berman Group LLC","detail":"Indirect owner: a holding company of NB Alternatives Holdings LLC in the 75% or more band and a control person, since February 2009.","parent":"NB Alternatives Holdings LLC"},{"label":"NBSH Acquisition, LLC","detail":"Indirect owner: a member of Neuberger Berman Group LLC in the 75% or more band and a control person, since May 2009.","parent":"Neuberger Berman Group LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":12,"privateResidences":0},"listedOfficeAddresses":6,"officesByState":[{"state":"California","offices":2,"addresses":[{"street":"2400 Broadway, Suite 220 2nd Floor","city":"Redwood City"},{"street":"10100 Santa Monica Boulevard","city":"Los Angeles"}]},{"state":"Colorado","offices":1,"addresses":[{"street":"Basecamp Executive Suites","city":"Avon"}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"53 State Street","city":"Boston"}]},{"state":"New York","offices":1,"addresses":[{"street":"1290 Avenue of the Americas","city":"New York"}]},{"state":"Texas","offices":1,"addresses":[{"street":"2101 Cedar Springs Road, 12th Floor, Suite 1200","city":"Dallas","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"214-647-9500","stateRegisteredReps":110,"otherAdviserReps":110,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"0","assetMix":[{"label":"Other","percent":100,"detail":"Private Equity and Private Credit Investments."}],"privateFunds":159},"sources":{"adv1FilingDate":"29 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/149822/PDF/149822.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does NB Alternatives Advisers have?","answer":"NB Alternatives Advisers has 379 clients and manages $160.2 billion for them, as of September 2026. They include 192 pooled investment vehicles, 61 insurance companies and 48 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 29 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does NB Alternatives Advisers offer?","answer":"NB Alternatives Advisers provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers and educational seminars.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does NB Alternatives Advisers use?","answer":"NB Alternatives Advisers’ separately managed account assets are held at Bank of America, N.A. (Charlotte, NC), with $43,491,760,939 and U.S. Bancorp (Wilmington, DE), with $8,445,066,241. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does NB Alternatives Advisers have?","answer":"NB Alternatives Advisers has 110 investment adviser representatives registered with state securities authorities, out of 417 employees, and 224 perform investment advisory functions. 169 are registered representatives of a broker-dealer and 0 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does NB Alternatives Advisers invest in?","answer":"At the end of its last fiscal year, NB Alternatives Advisers’ separately managed accounts held 100% private equity and private credit investments.. It advises 159 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns NB Alternatives Advisers?","answer":"NB Alternatives Advisers is owned through a chain of holding companies by NBSH Acquisition, LLC. Its direct owner is NB Alternatives Holdings LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 29 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does NB Alternatives Advisers get paid?","answer":"NB Alternatives Advisers is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}