UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Buckeye GP Holdings L.P.
------------------------
(Name of Issuer)
Common Units representing limited partner interests, no par value
(Title of Class of Securities)
118167105
---------
(CUSIP Number)
December 31, 2009
-----------------
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
--------------------------- -----------------------
CUSIP No. 118167105 13G Page 2 of 9 Page
--------------------------- -----------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Neuberger Berman Group LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 1,483,794 (see Item 4)
ENEFICIALLY ----- ----------------------------------------------------
OWNED 7 SOLE DISPOSITIVE POWER
BY EACH
REPORTING 0
PERSON WITH ----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,483,794 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,483,794 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.3 % (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No. 118167105 13G Page 3 of 9 Page
--------------------------- -----------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NB Alternatives Advisers LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 1,483,794 (see Item 4)
ENEFICIALLY ----- ----------------------------------------------------
OWNED 7 SOLE DISPOSITIVE POWER
BY EACH
REPORTING 0
PERSON WITH ----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,483,794 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,483,794 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.3 % (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
--------------------------- -----------------------
CUSIP No. 118167105 13G Page 4 of 9 Page
--------------------------- -----------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NB Co-Investment Partners LP
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 1,396,469 (see Item 4)
ENEFICIALLY ----- ----------------------------------------------------
OWNED 7 SOLE DISPOSITIVE POWER
BY EACH
REPORTING 0
PERSON WITH ----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,396,469 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,396,469 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.0 % (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
--------------------------- -----------------------
CUSIP No. 118167105 13G Page 5 of 9 Page
--------------------------- -----------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NB Co-Investment Associates LP
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 1,396,469 (see Item 4)
ENEFICIALLY ----- ----------------------------------------------------
OWNED 7 SOLE DISPOSITIVE POWER
BY EACH
REPORTING 0
PERSON WITH ----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,396,469 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,396,469 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.0 % (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Item 1(a) Name of Issuer:
--------------
Buckeye GP Holdings L.P.
Item 1(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
One Greenway Plaza
Suite 600
Houston, TX 77046
Item 2(a) Name of Person Filing:
---------------------
This statement is filed by: (i) Neuberger Berman Group LLC
("NBG") with respect to Common Units representing limited
partner interests, no par value (the "Units"), of the Issuer
beneficially owned by NB Co-Investment Partners LP ("NB
Partners") and certain affiliated investment funds of NBG,
(ii) NB Alternatives Advisers LLC ("NB Alternatives") with
respect to Units owned by NB Partners and certain affiliated
investment funds of NBG, (iii) NB Partners with respect to
Units owned by it, and (iv) NB Co-Investment Associates LP
("NB Associates") with respect to Units owned by NB
Partners.
On May 4, 2009, NBG acquired from Lehman Brothers Holdings
Inc. various assets and businesses, including NB
Alternatives and NB Associates, and the Units to which this
Schedule 13G relates were acquired prior to such date.
NBG, NB Alternatives, NB Partners and NB Associates have
entered into a Joint Filing Agreement, a copy of which is
filed with this Schedule 13G as Exhibit 99.1, pursuant to
which they have agreed to file this Schedule 13G jointly in
accordance with the provisions of Rule 13d-1(k) of the
Securities Exchange Act of 1934, as amended.
Item 2(b) Address or Principal Business Office:
------------------------------------
The address of the principal business office of each
reporting person is 605 Third Avenue New York, New York
10158.
Item 2(c) Citizenship:
-----------
Each of NBG and NB Alternatives is a Delaware limited
liability company. Each of NB Partners and NB Associates is
a Delaware limited partnership.
Item 2(d) Title of Class of Securities:
----------------------------
Common Units representing limited partner interests, no par
value
Page 6 of 9
Item 2(e) CUSIP Number:
------------
118167105
Item 3 This statement is filed pursuant to Rules 13d-1(b), or
13d-2(b) or (c), the person filing is a (j) "Group," in
accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4 Ownership:
---------
The percentages used herein are calculated based upon the
27,769,647 Units outstanding as of October 30, 2009, as
reported on the Issuer's quarterly report filed on Form 10-Q
filed with the Securities and Exchange Commission by the
Issuer for the quarter ended September 30, 2009.
As of the close of business on December 31, 2009:
1. NBG
(a) Amount beneficially owned: 1,483,794
(b) Percent of class: 5.3 %
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,483,794
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
1,483,794
2. NB Alternatives
(a) Amount beneficially owned: 1,483,794
(b) Percent of class: 5.3 %
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,483,794
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
1,483,794
3. NB Partners
(a) Amount beneficially owned: 1,396,469
(b) Percent of class: 5.0 %
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,483,794
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
1,396,469
4. NB Associates
(a) Amount beneficially owned: 1,396,469
(b) Percent of class: 5.0 %
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,483,794
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
1,396,469
NBG, NB Alternatives and NB Associates own directly no
Units. Pursuant to investment management agreements, NB
Alternatives maintains investment and voting power with
respect to the securities held
Page 7 of 9
by NB Partners and certain affiliated investment funds. NB
Associates is the general partner of NB Partners and may be
deemed to have beneficial ownership of the securities held
by NB Partners. NBG controls each of NB Alternatives and NB
Associates. By reason of the provisions of Rule 13d-3 of the
Securities Exchange Act of 1934, as amended, each of NBG and
NB Alternatives may be deemed to beneficially own 1,483,794
Units (constituting approximately 5.3 % of the Units
outstanding). Each of NBG and NB Alternatives disclaims
beneficial ownership of any of the securities covered by
this statement.
Item 5 Ownership of Five Percent or Less of a Class:
--------------------------------------------
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following. [ ]
Item 6 Ownership of More than Five Percent on Behalf of Another
--------------------------------------------------------
Person:
------
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
---------------------------------------------------------
Acquired the Security Being Reported on By the Parent
-----------------------------------------------------
Holding Company:
---------------
Not Applicable
Item 8 Identification and Classification of Members of the Group:
---------------------------------------------------------
Not Applicable
Item 9 Notice of Dissolution of Group:
------------------------------
Not Applicable
Item 10 Certification:
-------------
By signing below the signatory certifies that, to the best of his knowledge
and belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.
Page 8 of 9
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 16, 2010
Neuberger Berman Group LLC
By: /s/ Kevin Handwerker
--------------------
Name: Kevin Handwerker
Title: General Counsel
NB Alternatives Advisers LLC
By: /s/ Kevin Handwerker
--------------------
Name: Kevin Handwerker
Title: General Counsel
NB Co-Investment Partners LP
By: /s/ Sean Ward
--------------------
Name: Sean Ward
Title: Vice President
NB Co-Investment Associates LP
By: /s/ Sean Ward
--------------------
Name: Sean Ward
Title: Vice President