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Key people at Berman and Company.
Founded in 1986 by Richard Berman, Berman and Company is a Washington, D.C., public affairs and public relations firm specializing in research, communications, advertising, and issue advocacy. The agency generates revenue through business consulting and management fees, providing lobbying, opposition research, and administrative services to corporate clients in the restaurant, hospitality, and food sectors. The firm is known for creating and managing industry nonprofits to run public campaigns, including the Center for Consumer Freedom, Center for Union Facts, and Employment Policies Institute. On behalf of its private client base, the organization frequently targets issues such as labor union expansion, minimum wage laws, and consumer regulations. Operating as a private boutique agency that previously reported employing 28 people and generating approximately $10 million in annual revenue, the firm transitioned leadership to partners James Bowers, Michael Saltsman, and Jack Hubbard.
Neuberger Berman, often associated with founders Roy Neuberger and Robert Berman, is a private, independent, employee-owned investment management firm founded in 1939.[1][4][5] Its mission centers on delivering compelling, research-driven investment results across equities, fixed income, private equity, hedge funds, real estate, and multi-asset solutions for institutions, advisors, and individuals globally, with $558 billion in assets under management as of September 2025.[4][5][7] The firm's investment philosophy emphasizes deep fundamental research, alpha generation, ESG integration (100% ESG-aware assets), and innovation through 776 investment professionals in 21 portfolio management centers across 26 countries.[1][5][7] It impacts the startup and broader ecosystem via its private equity and alternatives platforms, providing access to private markets deal flow and minority ownership stakes in funds.[1][5]
Neuberger Berman was founded in 1939 by Roy Neuberger and Robert Berman in New York, initially focusing on value investing and launching one of the first no-load mutual funds in 1950.[1][4][5] Key milestones include the 1977 institutional business launch, 1981 fixed income and private equity establishment, and 1989 socially responsive investing team formation.[1] The firm evolved through acquisitions like Lehman Brothers in 2003 (followed by independence in 2009 as employee-owned), and later additions such as private credit (2013), quantitative solutions (2017), and Almanac Realty Investors (2020).[1][4] This progression shifted its focus from public markets to a multi-asset, global powerhouse with strong ESG leadership.[5]
Neuberger Berman rides trends in private markets growth, ESG investing, and alternatives amid rising demand for diversified, illiquid assets from institutions and high-net-worth individuals.[5][7][9] Timing aligns with post-2020 private equity resilience, as seen in Q1 2025 valuation stability despite public market volatility.[9] Market forces like low rates (pre-2022 hikes), inflation hedging via real assets, and tech-driven data science favor its multi-asset, quantitative capabilities.[1][7] It influences the ecosystem by enabling startup funding through private equity/venture access, GP partnerships, and innovation in areas like event-driven strategies and insurance-linked securities.[1][5]
Neuberger Berman is poised for expansion in private credit, real estate, and ESG-aware alternatives, leveraging its employee-owned stability amid economic uncertainty.[1][9] Trends like AI-enhanced research, sustainable investing mandates, and private markets democratization will shape its path, potentially growing AUM beyond $600 billion.[4][5] Its influence may evolve toward deeper tech ecosystem integration via buyout platforms and global deal flow, solidifying its role as a client-centric powerhouse started by Neuberger and Berman.[7]
Key people at Berman and Company.
