# Neuberger Berman Loan Advisers II LLC

> Neuberger Berman Loan Advisers II LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2020, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 306601
- Filed as: NEUBERGER BERMAN LOAN ADVISERS II LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/306601
- AdvisorCensus page: https://advisorcensus.com/firm/neuberger-berman-loan-advisers-ii-llc-chicago-il-306601

## Quick answers

**How is Neuberger Berman Loan Advisers II LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Neuberger Berman Loan Advisers II LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Neuberger Berman Loan Advisers II LLC located?**
Neuberger Berman Loan Advisers II LLC's principal office is in Chicago, IL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Neuberger Berman Loan Advisers II LLC registered with the SEC or a state?**
Neuberger Berman Loan Advisers II LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 306601.

**How much does Neuberger Berman Loan Advisers II LLC manage?**
Neuberger Berman Loan Advisers II LLC reports $9,046,060,765 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Neuberger Berman Loan Advisers II LLC's assets and staff changed since 2021?**
In the Form ADV data for Neuberger Berman Loan Advisers II LLC: Regulatory assets under management: $1,557,801,009 in the October 2021 data and $9,046,060,765 in the October 2026 data, up 481%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Neuberger Berman Loan Advisers II LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (18).

**Does Neuberger Berman Loan Advisers II LLC report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/306601

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $9,046,060,765
- Discretionary: $9,046,060,765
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | Not reported |
| High net worth individuals | Fewer than 5 | Not reported |
| Banking or thrift institutions | Fewer than 5 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 18 | $9,046,060,765 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | Not reported |
| Charitable organizations | Fewer than 5 | Not reported |
| State or municipal government entities (including government pension plans) | Fewer than 5 | Not reported |
| Other investment advisers | Fewer than 5 | Not reported |
| Insurance companies | Fewer than 5 | Not reported |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | Not reported |
| Corporations or other businesses not listed above | Fewer than 5 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2020 (6 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL, NY
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/306601

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- nb.com
- LinkedIn @NEUBERGER-BERMAN
- X @NEUBERGERBERMAN

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,557,801,009 | 3 | July 8, 2021 |
| October 2022 | $5,759,719,602 | 3 | March 31, 2022 |
| October 2023 | $8,295,928,236 | 3 | March 31, 2023 |
| October 2024 | $9,329,951,993 | 3 | July 31, 2024 |
| October 2025 | $9,157,434,454 | 3 | March 31, 2025 |
| October 2026 | $9,046,060,765 | 3 | March 31, 2026 |

Regulatory assets under management: $1,557,801,009 in the October 2021 data and $9,046,060,765 in the October 2026 data, up 481%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Neuberger Berman Loan Advisers II LLC (CRD 306601): Form ADV filing data as of October 2026.