Neuberger Berman simplifies private asset investments with Cleartsream's integrated fund ecosystem
Neuberger Berman’s success story
The Clearstream partnership provides Neuberger Berman with the flexibility to swiftly adapt to market demands by enabling them to scale their services in response to growing interest in private market allocations shown by distributors across various geographical markets. By leveraging Clearstream’s efficient and scalable distribution, custody, and transaction services, Neuberger Berman can meet this increased demand from investors looking to access these strategies whilst significantly reducing internal costs and time and allowing the company to concentrate on core competencies.
Clearstream seamlessly provided invaluable operational support and guidance on channel strategy, product setup, and distribution governance. Moreover, Clearstream efficiently managed complex administrative tasks such as contract management, trailer fee management, and compliance with Anti-Money Laundering (AML), Know Your Customer (KYC), and Know Your Distributor (KYD) regulations.
Neuberger Berman’s testimonial
“Private market investments offer diversified returns that have the potential to not only improve institutional portfolios”. However, they also present challenges in terms of illiquidity, complex fund structures, and lower transparency compared to traditional listed asset funds. Through Clearstream’s reliable, robust, and fully integrated fund ecosystem, the operational aspects of investing in private assets are simplified. In this way, we are able to offer a comparable investor experience in terms of product attributes as for traditional products. Clearstream is our partner of choice for cost-effective and efficient private market fund operations and administration, ensuring optimal return on investment for our clients.” José Cosio Head of Intermediary Global ex US.
Clearstream: your comprehensive solution for private market funds
Clearstream offers a holistic and comprehensive solution for private market funds, addressing both execution and distribution aspects. Our Vestima platform provides superior execution capabilities for all fund types, with over €300 billion in assets under custody (AuC) in private markets funds alone. Additionally, we are offering the option for a seamless interlink to our FundsDLT platform, allowing for step-change improvements to operational efficiency for private market funds in the medium to long-term. On the distribution side, we offer a leading network for both traditional and private market assets.
We have successfully resolved operational challenges for numerous large GPs, enabling them to become more efficient and focus on their core business.
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About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 26 countries, Neuberger Berman’s diverse team has over 2,600 professionals.
