Neuberger Berman, a global, private, employee-owned investment manager, has closed its NB Strategic Co-Investment Partners V, with over $2.8bn in capital commitments, surpassing its target of $2.25bn as well as the predecessor fund size.
Fund V seeks to build a high-quality, diversified and global portfolio of direct equity co-investments alongside premier private equity firms with diversification across industries, private equity managers, enterprise value, and vintage years.
The fund has a diverse investor base that includes public and private pension funds, insurance companies, foundations, family offices and high net worth clients globally. It builds on Neuberger’s experience managing co-investment strategies for nearly 20 years across market cycles and further demonstrates the firm’s reputation as a preferred capital solutions provider.
Including Fund V, Neuberger has raised approximately $6bn in client capital dedicated to co-investments since January 2024. The firm now holds over $40bn of dedicated co-investment capital under management across its platform.
Ropes & Gray served as legal counsel to the fund.
