Neuberger Berman’s NB Strategic Co-Investment Partners IV (Fund IV) has closed above its target with over USD2.1 billion of commitments.Fund IV will seek to build a diversified portfolio of direct co-investments in buyout and growth equity transactions alongside high quality private equity sponsors. The successful fundraise demonstrates the continued growth of Neuberger Berman’s co-investment strategy, which has deployed over USD11.5 billion into direct co-investment transactions since its inception in 2005.
Neuberger Berman’s private equity platform and well-established relationships with best-in-class private equity managers provide access to attractive investment opportunities. Neuberger Berman manages over USD90 billion of committed capital to private equity.
Fund IV is backed by a global investor base that includes public and corporate pension plans, insurance companies and other financial institutions, endowments, foundations and family offices. Investors are represented across a broad geographic range including North America, Europe, Latin America, Asia and the Middle East.
Fund IV will be deployed by a global team of over 50 investment professionals, including a senior team that has worked together for over a decade.
David Stonberg, Global Co-Head of the Co-Investment business at Neuberger Berman says: “We are enormously grateful to our investors for their support and trust. Our experienced global investment team, differentiated sourcing, and execution capabilities allows Neuberger Berman to be a preferred partner in private equity.”
David Morse, also Global Co-Head of the Co-Investment business at Neuberger Berman, says: “We understand that the foundation of Neuberger’s Co-Investment business is our close relationships with our global private equity sponsors. From our very first days, our model has been to be a highly responsive, value-added co-investor who exists to facilitate the execution of our GP partners’ objectives while allowing them to execute on their singular vision for a given portfolio company.”