Nb Alternatives Advisers LLC (Dallas)

Name: Nb Alternatives Advisers LLC
Address: 325 North Saint Paul Street, Dallas, TX, 75201
Telephone: 214-647-9500

Nb Alternatives Advisers LLC is a large advisory firm based in Dallas. It manages $68.33 billion of regulatory assets for 611 client accounts. It has been registered with the SEC as an adviser since 2009.

Nb Alternatives Advisers provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Nb Alternatives Advisers: assets under management

The assets under management (AUM) of Nb Alternatives Advisers LLC is $68.33 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2796% since the beginning of its operation, and $33.12 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $68.33 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $111.83 million each.

Nb Alternatives Advisers has custody of $68.33 billion in cash and securities for 582 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nb Alternatives Advisers LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Paul Buser serves?

The firm provides services to insurance companies, investment companies, and pooled investment vehicles. The largest group of clients of John Paul Buser is pooled investment vehicles with 582 clients and $65.82 billion of assets under management. Among the 10 most similar advisory firms, Nb Alternatives Advisers has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $67.47 billion for 606 clients. 35% of the firm’s clients are foreign persons or businesses.

Nb Alternatives Advisers also advises several private funds. Namely, fourteen hedge funds and one hundred thirty one private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $701,851,170.

Careers at Nb Alternatives Advisers LLC

The company employs 186 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 60 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John Paul Buser has been acting as President since 1 Feb 2009. Mark Daniel Salzberg joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Douglas Rees	Managing director and chief operating officer	1 Dec 2007	Other	1304147
Nb Alternatives Holdings Llc	Holding company	1 Feb 2009	75% - 100%	80-0357916
Anthony David Tutrone	Chief executive officer	1 Feb 2009	Other	2264582
John Paul Buser	President	1 Feb 2009	Other	4355194
Michael Douglass Rees	Managing director and chief operating officer	1 Feb 2009	Other	5804838
Neuberger Berman Aa Llc	Holding company	1 Feb 2009	Other	94-3478980
Edward Stephen Grieb	Managing director and chief financial officer	1 Feb 2009	Other	4351191
Garrett Scott Ho	Vice president and chief compliance officer	1 Feb 2009	Other	5327424
Sean Jason Ward	Vice president and assistant secretary	1 Feb 2009	Other	5496701
Scott Allen Christiansen	Senior vice president and secretary	1 Feb 2009	Other	5019381
Andrew Steven Komaroff	Managing director and chief administrative officer	1 Feb 2009	Other	4098194
Michael Douglas Rees	Managing director and chief operating officer	1 Feb 2009	Other	5804838
Joseph Blake Rice	Vice president and assistant secretary	1 May 2009	Other	5483756
Yonah Feder	Chief compliance officer	1 Mar 2013	Other	5166275
Christian Neira	Managing director and chief operating officer	1 Apr 2015	Other	5855349
Brien Patrick Smith	Managing director and chief operating officer	1 Jan 2017	Other	4517835
Mark Daniel Salzberg	Chief compliance officer	1 Jul 2018	Other	6989834

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Neuberger Berman Group Llc	Holding company	1 Feb 2009	75% - 100%	61-1591182
Lehman Brothers Holdings Inc.	Sole member	1 Feb 2009	25% - 50%	13-3216325
Llc Nbsh Acquisition	Member	1 May 2009	75% - 100%	26-4383171
Inc Lehman Brothers Holdings	Member	1 May 2009	25% - 50%	13-3216325

Based in Dallas

The principal office where Nb Alternatives Advisers LLC performs its advisory services is located at 325 North Saint Paul Street, Dallas, TX 75201, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-647-9500 or by fax 214-853-9369. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at nb.com.