Tracked deals
19
19 tracked deals across 2019-2026.
Private Equity Firm
Financial Services
NB Alternatives Advisers
New York, New York, United States
NB Alternatives Advisers LLC is an investment adviser within Neuberger Berman that advises alternative investment funds across private markets strategies. The broader platform includes private equity, private credit, co-investments and secondaries, including continuation vehicles.
- Focus Areas
- Alternative investments, Private markets, Private equity
- Website
- www.nb.com
Recent pace
2
2 tracked deals announced in the last 12 months.
Deal mix
Recapitalization
9 recapitalization · 7 growth capital · 2 buyout
NB Alternatives Advisers Acquisition Volume by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 19 tracked deals for NB Alternatives Advisers.
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April 13, 2026
- Buyer
- Neuberger Berman, Tailwind Capital
- Target
- Axis Portable Air
- Seller
- Fund X limited partners (Fund X / Neuberger’s original vehicle)
- Industry
- Industrial Services
- Location
- United States
- Type
- Recapitalization
Neuberger Berman and Tailwind Capital established a single-asset continuation vehicle for Axis Portable Air, allowing existing investors to either take liquidity or roll their exposure alongside new capital. The deal extends Neuberger’s control of the portable air, compression, and temporary power equipment provider originally acquired in 2017, supporting management’s continued growth plan.
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January 14, 2026
- Buyer
- Neuberger Berman Capital Solutions, Neuberger Berman Private Markets (funds managed by Neuberger Berman Private Markets), Onex Partners, Ares Private Equity Funds
- Target
- Ryan, LLC
- Industry
- Professional Services
- Location
- Texas, United States
- Type
- Growth capital
Ryan, LLC announced that Neuberger Berman Capital Solutions, together with funds managed by Neuberger Berman Private Markets, has committed to acquiring a significant minority equity interest in the company. The transaction is expected to close in the first half of 2026, subject to regulatory approvals and customary closing conditions.
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- Buyer
- Strength Capital Partners, Neuberger Berman, ESP Associates management team
- Target
- ESP Associates, Inc.
- Seller
- Strength Capital Partners' existing investors
- Industry
- Engineering Services
- Location
- South Carolina, United States
- Type
- Recapitalization
Strength Capital Partners closed a single-asset continuation vehicle to recapitalize ESP Associates, providing liquidity to Strength Capital’s existing investors and bringing in follow-on capital led by investment funds affiliated with Neuberger Berman. The transaction includes significant rollover by SCP and the ESP management team and is intended to fund organic growth and strategic add-on M&A to expand the platform’s geographic footprint and service offerings.
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- Buyer
- Neuberger Berman Capital Solutions
- Target
- Paradigm
- Industry
- Healthcare Services
- Location
- California, United States
- Type
- Growth capital
Neuberger Berman Capital Solutions made a strategic investment in Paradigm, a Walnut Creek–based specialty care management firm focused on complex, high-cost cases in the U.S. workers' compensation and healthcare markets. Existing investors OMERS Private Equity and Summit Partners will maintain their interests; the funding is intended to support Paradigm's continued innovation and market expansion.
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- Buyer
- ENTRUST Solutions Group, Kohlberg & Company, Neuberger Berman Alternatives
- Target
- Maskwa High Voltage Ltd.
- Industry
- Engineering Services
- Location
- Alberta, Canada
- Type
- Addon
ENTRUST Solutions Group, a Kohlberg & Company-backed engineering and consulting platform, has acquired Canadian high-voltage specialist Maskwa High Voltage Ltd. The deal expands ENTRUST's footprint into Canada and enhances its transmission, distribution, substation and renewables engineering capabilities to support the energy transition and power-grid modernization.
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- Buyer
- Neuberger Berman Capital Solutions, Funds managed by Harvest Partners, LP, Harvest Partners SCF, LP
- Target
- Yellowstone Landscape, Inc.
- Industry
- Environmental Services
- Location
- Florida, United States
- Type
- Growth capital
Neuberger Berman Capital Solutions (NBCS) has acquired a significant minority stake in Yellowstone Landscape, Inc., with funds managed by Harvest Partners retaining majority ownership. Harvest Partners SCF, Harvest's non-control investment strategy, also invested alongside NBCS; terms were not disclosed. The capital infusion is intended to support Yellowstone's continued growth and execution across its commercial landscaping services.
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May 9, 2024
- Buyer
- NB Capital Solutions, Neuberger Berman
- Target
- FDH Aero
- Seller
- Audax Private Equity
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Recapitalization
NB Capital Solutions, with additional funds advised by Neuberger Berman, has made a significant minority recapitalization investment in FDH Aero. The transaction provides FDH with growth capital for organic and inorganic initiatives and partial liquidity to the existing investor base while Audax Private Equity remains the control investor.
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January 22, 2024
- Buyer
- Sheridan Capital Partners, Neuberger Berman, Aquarian Investments
- Target
- Oral Surgery Partners
- Industry
- Healthcare Services
- Location
- Missouri, United States
- Type
- Recapitalization
Oral Surgery Partners, a Sheridan Capital Partners-backed oral surgery practice management platform headquartered in Missouri, closed a $400+ million credit expansion in partnership with funds managed by Neuberger Berman and Aquarian Investments to support infrastructure, hiring, and add-on acquisitions. The capital will enable OSP to continue nationwide roll-up activity, invest in systems and personnel, and recruit additional surgeon partners.
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August 7, 2023
- Buyer
- Neuberger Berman Alternatives, Kohlberg & Company
- Target
- ENTRUST Solutions Group
- Industry
- Engineering Services
- Location
- Illinois, United States
- Type
- Growth capital
Neuberger Berman Alternatives agreed to acquire a significant minority stake in ENTRUST Solutions Group, joining existing investor Kohlberg & Company which will retain a majority ownership. Terms were not disclosed; the investment is intended to support ENTRUST's strategic growth as the Illinois-headquartered engineering and consulting platform (3,000+ professionals across 36 locations) continues serving utility and infrastructure end markets.
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- Buyer
- Kohlberg & Company, Partners Group, Neuberger Berman (funds managed)
- Target
- United States Infrastructure Corporation (USIC)
- Industry
- Infrastructure
- Location
- Indiana, United States
- Type
- Recapitalization
Kohlberg & Company is acquiring a 50% stake in United States Infrastructure Corporation (USIC) while Partners Group will retain a 50% co-lead interest; funds managed by Neuberger Berman also joined the investment. The transaction values USIC at an enterprise value of USD 4.1 billion — USIC is a leading provider of utility locate services headquartered in Indianapolis with ~9,000 technicians performing roughly 80 million locates per year. The investors plan to support further growth through investments in sales and digital capabilities to capture demand driven by infrastructure stimulus and 5G densification.
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- Buyer
- ACON Investments, Apollo Global Management, GCM Grosvenor, Hamilton Lane, Neuberger Berman, Major League Baseball, National Football League, National Basketball Association
- Target
- New Era Cap, LLC
- Seller
- ACON Equity Partners IV
- Industry
- Consumer Products
- Location
- New York, United States
- Type
- Recapitalization
ACON Investments closed ACON Strategic Partners II, a single-asset continuation fund of approximately $700 million to effect a partial sale of its ACON Equity Partners IV stake in New Era Cap and to increase its existing ownership. New and continuing investors — led by Apollo Global Management, GCM Grosvenor, Hamilton Lane and Neuberger Berman — joined the fund, and Major League Baseball, the National Football League and the National Basketball Association took minority equity positions as part of the transaction to support New Era's global growth and DTC/retail expansion.
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- Buyer
- Further Global (funds managed by Further Global), Neuberger Berman, Pictet, OPTrust
- Target
- Phaidon International
- Seller
- Quilvest Capital Partners
- Industry
- Staffing & HR
- Location
- England, United Kingdom
- Type
- Buyout
Funds managed by Further Global, supported by investor capital from Neuberger Berman, Pictet and OPTrust, have agreed to acquire Phaidon International from current sponsor Quilvest Capital Partners. The transaction will see Quilvest exit while management retains a significant stake; the investment is intended to fuel Phaidon's global growth and expansion to more than 1,400 staff and 15 offices.
Related Acquisition Pages
Engineering Services Buyers & Acquisitions
3 tracked deals by NB Alternatives Advisers.
Healthcare Services Buyers & Acquisitions
2 tracked deals by NB Alternatives Advisers.
Industrial Services Buyers & Acquisitions
2 tracked deals by NB Alternatives Advisers.
Professional Services Buyers & Acquisitions
2 tracked deals by NB Alternatives Advisers.
Acquisitions in California
2 tracked deals by NB Alternatives Advisers.
Acquisitions in Illinois
2 tracked deals by NB Alternatives Advisers.
Acquisitions in New York
2 tracked deals by NB Alternatives Advisers.
Acquisitions in Texas
2 tracked deals by NB Alternatives Advisers.
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