Neuberger Berman Group completed an investment in TA Associates-backed The Benecon Group.

Neuberger Berman Group, an employee-owned, private, independent investment manager, completed an investment in TA Associates-backed The Benecon Group, a company that develops and administers self-funded medical benefit programs for small-and-medium sized businesses. "We are delighted to partner with management and TA to support a shared vision for the Company's next phase of growth. Rising healthcare benefits costs and lack of transparency present a significant challenge for small and mid-sized employers and Benecon has pioneered a unique and compelling approach to address these issues," Michael Smith, Neuberger Berman Private Markets Managing Director.