– Neuberger Berman announced the successful close of NB Strategic Co-Investment Partners V (“Fund V”) with over $2.8 billion in capital commitments.
– The fund exceeded its $2.25 billion target and surpassed the size of its predecessor fund.
– This achievement reflects growing investor appetite for GP-centric strategies.
Neuberger now manages over $40 billion in dedicated co-investment capital across its platform.
– Fund V aims to build a diversified, global portfolio of direct equity co-investments alongside top-tier private equity firms.
– Diversification is targeted across industries, private equity managers, enterprise values, and vintage years.
– The fund’s investor base includes public and private pension funds, insurance companies, foundations, family offices, and high net worth individuals worldwide.
– Fund V builds on nearly 20 years of Neuberger’s experience in managing co-investment strategies through various market cycles.
– The firm is recognized as a preferred capital solutions provider for private equity sponsors.
– Joana Scaff, Head of Europe Private Equity, highlighted the Fund’s role in providing flexible capital and participating as a co-underwriter in new deals or mid-life investments in sponsor-owned companies.
– Since January 2024, Neuberger has raised approximately $6 billion in client capital dedicated to co-investments.
– David Morse, Global Co-head of Co-Investments, emphasized the strength of Neuberger’s private markets platform with over $140 billion in AUM.
– The firm employs over 195 private markets professionals and maintains active investment relationships with more than 380 lead sponsors.
– Fund V is expected to benefit from this scale, expertise, and global reach to deliver compelling investment opportunities.
