CONTRACTAPPROVED

Texas Education Agency | State of Texas Awards Financial Services Contract to Neuberger Berman Alternative Advisors (April 2021)

Disclosed value: Up to $300 million investment commitment; From minutes
Approved: Apr 16, 2021

What it covers

The State Board of Education approved agreements with Neuberger Berman Alternative Advisors to manage a Private Equity Emerging Manager program for the Texas Permanent School Fund, authorizing an investment commitment of up to $300 million. The Commissioner of Education is empowered to execute the contracts.

Who holds it

Neuberger Berman Alternative Advisors holds this financial services contract with Texas Education Agency | State of Texas. Its other public contracts on record include work for East Texas Charter Schools.

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Contract details

Contract type: Financial Services
Amount: Up to $300 million investment commitment
Document date: April 16, 2021
Vendor: Neuberger Berman Alternative Advisors
Agency: Texas Education Agency | State of Texas
Source document: state_board_of_education_summary_of_actions_april.pdf (Minutes)

Neuberger Berman Alternative Advisors's other public contracts

East Texas Charter Schools, TexasNeuberger Berman awarded $300M investment management contract · Apr 16, 2021 East Texas Charter Schools, TexasNeuberger Berman Receives $300M for Investment services · Apr 15, 2021$300 million All Neuberger Berman Alternative Advisors contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Texas Education Agency | State of Texas?

Neuberger Berman Alternative Advisors was awarded this financial services contract by Texas Education Agency | State of Texas, as recorded on April 16, 2021. The contract value is Up to $300 million investment commitment.

How much is the Neuberger Berman Alternative Advisors contract with Texas Education Agency | State of Texas worth?

The Neuberger Berman Alternative Advisors contract with Texas Education Agency | State of Texas is valued at Up to $300 million investment commitment, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in state_board_of_education_summary_of_actions_april.pdf (Minutes), dated April 16, 2021 from Texas Education Agency | State of Texas. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Neuberger Berman Alternative Advisors hold?

Neuberger Berman Alternative Advisors may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Texas Education Agency | State of Texas currently buying?

Explore Texas Education Agency | State of Texas's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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