Neuberger Berman, an employee-owned, private, independent investment manager, announced that Neuberger Berman Private Markets has completed a significant minority investment in The Benecon Group (“Benecon” or “the Company”). Neuberger Berman Private Markets will join existing investor TA Associates (“TA”), a leading global private equity firm, who remains the majority owner of the Company. Founded in 1991 by Samuel Lombardo and headquartered in Lititz, Pennsylvania, Benecon develops and administers self-funded medical benefit programs for small-and-medium sized businesses, offering a full suite of actuarial, compliance, finance and producer services to thousands of employers and hundreds of thousands of employees across the United States.
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Source: https://www.prnewswire.com/news-releases/neuberger-berman-announces-investment-in-benecon-302067063.html