SEC Filing Record

Offering Amount

$790.0M

Strategy

Hedge

Exemption

06b

Date Filed

Jun 10, 2026

0001617282-26-000003

View on SEC EDGAR →

37A Read

The amendment filing indicates a mid-raise restructuring or LP consent event rather than an initial close; the lack of prior EDGAR history from Neuberger Berman on hedge fund filings suggests either a new institutional vehicle for an existing strategy or a carve-out from the main platform, with the four named GPs (Bhatia, Brennan, Kramer, Wright) signaling a dedicated operating team separate from the parent's traditional fixed-income and equity management.

This filing represents Neuberger Berman's entry into standalone hedge fund fundraising under Rule 506(b), moving away from the parent company's historical reliance on registered fund structures; the pre-existing relationship exemption narrows the LP universe to qualified investors already embedded in Neuberger relationships, indicating a strategy to recycle existing capital and institutional networks rather than build new distribution.

A mid-2026 filing for a risk parity vehicle lands during a period of elevated volatility expectations and multi-asset correlation breakdown, when LPs are actively rebalancing away from traditional 60/40 allocations; this timing targets allocators rotating into non-correlated return streams as rate environments stabilize and alternative beta demand cycles upward.

Before engagement, verify whether the four named GPs carry individual key-man provisions and what happens to the fund's mandate if any depart—risk parity strategies often cluster around a single PM's quantitative framework, making personnel retention clauses material to fund continuity and performance replication.

Full analysis (GP structure, exemption breakdown, and market context) is available to Pro members.

Unlock Pro · $29/month → Sign in

Principals

Registered Manager

NEUBERGER BERMAN INVESTMENT ADVISERS LLC

General Partners & Executives

ASHOK BHATIA ANNE BRENNAN JOHN KRAMER STEPHEN WRIGHT

NEUBERGER BERMAN RISK PARITY FUND LTD.