Neuberger Berman, a global employee-owned investment manager, has closed NB Strategic Co-Investment Partners V, raising over $2.8 billion in capital commitments, surpassing its initial target of $2.25 billion.
This milestone reflects growing investor interest in general partner-centric strategies and reinforces Neuberger’s status as a leading private equity co-investment manager, with over $40 billion in dedicated capital under management.
Fund V aims to build a diversified global portfolio of direct equity co-investments across various industries and enterprise values, attracting a diverse group of investors, including pension funds, insurance companies, and high-net-worth individuals.
Since January 2024, Neuberger has raised around $6 billion in client capital for co-investments, indicating strong global demand for its investment approach.
Counsel/support: Ropes & Gray LLP served as the legal counsel for the Fund.
KEY QUOTES:
“We are grateful to our investors for supporting us in this successful fundraise and continue to be excited by the market opportunity in co-investments. This Fund enables our clients to participate in distinct investment opportunities we originate by being a flexible and value-added capital solutions provider to our GP partners, especially by acting as co-underwriters of new transactions and investing mid-life in existing sponsor-owned portfolio companies, typically providing capital for growth and partial realizations.”
Joana Rocha Scaff, Neuberger’s Head of Europe Private Equity
“Fund V stands to benefit from our leading private markets platform, with over $140 billion of assets under management, built over 35 years. With a large, global and experienced team of 195+ private markets investment professionals and active investment relationships with over 380 lead sponsors, we believe we are in a strong position to continue to generate compelling investment opportunities.”
David Morse, Global Co-head of Co-Investments
