Neuberger Berman Successfully Closes $2.8 Billion Strategic Co-Investment Fund
Neuberger Berman, a well-known global private investment manager, has recently concluded a significant fundraising round for its NB Strategic Co-Investment Partners V Fund, thereby raising over $2.8 billion in capital commitments. This impressive figure not only exceeds their original target of $2.25 billion but also surpasses the previous fund size, underscoring the growing investor demand for general partner (GP) focused investment strategies. With this latest fund, Neuberger Berman further solidifies its position as a top-tier private equity co-investment manager, boasting over $40 billion in dedicated co-investment capital across its platform.
The primary objective of Fund V is to create a quality and diversified global portfolio through direct equity co-investments in collaboration with leading private equity firms. This diversification spans various industries, private equity managers, enterprise values, and vintage years. The investor pool for Fund V is diverse, comprising public and private pension funds, insurance corporations, foundations, family offices, and high-net-worth individuals across the globe. This fund builds upon nearly 20 years of experience that Neuberger has in managing effective co-investment strategies across various market cycles, cementing its reputation as a reliable capital solutions provider.
Joana Rocha Scaff, the Head of Europe Private Equity at Neuberger, expressed gratitude towards investors for their ongoing support, emphasizing that the fund opens up unique investment opportunities generated through a flexible and value-driven approach. Fund V enables clients to actively engage in investment opportunities by acting as co-underwriters for new transactions and investing in portfolio companies that are already sponsor-owned. This strategy typically involves providing capital for growth initiatives and partial realizations, enhancing the overall value of investments.
Since the start of 2024, Neuberger Berman has successfully raised around $6 billion dedicated to co-investments. This indicates the robustness of investor interest globally for the firm's strategic approach, which seeks to partner with premier lead sponsors within the private equity ecosystem.
David Morse, the Global Co-head of Co-Investments at Neuberger, reinforced the value of Fund V, indicating that it can benefit immensely from Neuberger's leading private markets platform. With a remarkable $140 billion in assets under management accumulated over 35 years, Neuberger's large and experienced team of over 195 professionals specializes in private market investments. They maintain active relationships with more than 380 lead sponsors in the industry, positioning the firm effectively to continue uncovering attractive investment opportunities that meet investor expectations and needs.
The legal counsel for the Fund was provided by Ropes & Gray LLP, showcasing the commitment to due diligence and regulatory requirements involved in such financial undertakings.
Founded in 1939, Neuberger Berman is an employee-owned, independent investment manager with a workforce of over 2,800 professionals across 26 countries. The firm manages assets totaling $538 billion across multiple investment classes, including equities, fixed income, private equity, real estate, and hedge funds, primarily for institutions, advisors, and private clients. Neuberger’s investment ethos centers on active management, thorough research, and engaged ownership, ensuring they adapt to changing market dynamics while delivering stellar performance.
In the realm of private markets, Neuberger has made significant strides since 1987, actively investing across different strategies, asset categories, and geographical locations, thereby catering to a multitude of prestigious institutions and high-profile individuals worldwide. As of March 31, 2025, Neuberger Private Markets manages commitments exceeding $140 billion, reflecting their expertise in handling primary, co-investment, secondary, private credit, and specialty strategies effectively. With a diversified team and a global presence across 15 offices, Neuberger Private Markets continues to be a formidable player in the private investment landscape.
The primary objective of Fund V is to create a quality and diversified global portfolio through direct equity co-investments in collaboration with leading private equity firms. This diversification spans various industries, private equity managers, enterprise values, and vintage years. The investor pool for Fund V is diverse, comprising public and private pension funds, insurance corporations, foundations, family offices, and high-net-worth individuals across the globe. This fund builds upon nearly 20 years of experience that Neuberger has in managing effective co-investment strategies across various market cycles, cementing its reputation as a reliable capital solutions provider.
Joana Rocha Scaff, the Head of Europe Private Equity at Neuberger, expressed gratitude towards investors for their ongoing support, emphasizing that the fund opens up unique investment opportunities generated through a flexible and value-driven approach. Fund V enables clients to actively engage in investment opportunities by acting as co-underwriters for new transactions and investing in portfolio companies that are already sponsor-owned. This strategy typically involves providing capital for growth initiatives and partial realizations, enhancing the overall value of investments.
Since the start of 2024, Neuberger Berman has successfully raised around $6 billion dedicated to co-investments. This indicates the robustness of investor interest globally for the firm's strategic approach, which seeks to partner with premier lead sponsors within the private equity ecosystem.
David Morse, the Global Co-head of Co-Investments at Neuberger, reinforced the value of Fund V, indicating that it can benefit immensely from Neuberger's leading private markets platform. With a remarkable $140 billion in assets under management accumulated over 35 years, Neuberger's large and experienced team of over 195 professionals specializes in private market investments. They maintain active relationships with more than 380 lead sponsors in the industry, positioning the firm effectively to continue uncovering attractive investment opportunities that meet investor expectations and needs.
The legal counsel for the Fund was provided by Ropes & Gray LLP, showcasing the commitment to due diligence and regulatory requirements involved in such financial undertakings.
Founded in 1939, Neuberger Berman is an employee-owned, independent investment manager with a workforce of over 2,800 professionals across 26 countries. The firm manages assets totaling $538 billion across multiple investment classes, including equities, fixed income, private equity, real estate, and hedge funds, primarily for institutions, advisors, and private clients. Neuberger’s investment ethos centers on active management, thorough research, and engaged ownership, ensuring they adapt to changing market dynamics while delivering stellar performance.
In the realm of private markets, Neuberger has made significant strides since 1987, actively investing across different strategies, asset categories, and geographical locations, thereby catering to a multitude of prestigious institutions and high-profile individuals worldwide. As of March 31, 2025, Neuberger Private Markets manages commitments exceeding $140 billion, reflecting their expertise in handling primary, co-investment, secondary, private credit, and specialty strategies effectively. With a diversified team and a global presence across 15 offices, Neuberger Private Markets continues to be a formidable player in the private investment landscape.
Topics Financial Services & Investing）
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