Neuberger Berman Private Equity has exceeded total committed capital of USD1 billion from Japanese and Korean investors.
Neuberger Berman managed approximately USD31 billion in alternatives assets for institutional and individual investors as of 30 June 2014.
"We are very pleased with continued client interest in our private equity capabilities, reflecting our nearly 30 years of dedication to generating performance,'' says Anthony Tutrone, global head of Neuberger Berman Alternatives. "Our global investment team conducts extensive due diligence on numerous investment opportunities, enabling us to select the most attractive private equity investments."
"We are excited to have such a remarkable milestone and we would like to express our gratitude to our high-quality group of institutional investors that partnered with us on various private equity investment opportunities over the past 10 years," says Ryo Ohira, the head of East Asia and managing director of Neuberger Berman. "We also continue to be committed to introduce more diverse range of private equity strategies to the most sophisticated investors in the region while seeking superior long-term return and the highest level of localised and customised investor services."
