New York-based investment manager Neuberger Berman has made a final close of its NB Strategic Co-Investment Partners V Fund with over $2.8 billion in capital commitments, surpassing its target of $2.25 billion.
Fund V aims 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.
“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,” said Joana Rocha Scaff, Neuberger’s Head of Europe Private Equity.
“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.”
Including Fund V, Neuberger has raised around $6 billion in client capital dedicated to co-investments since January 2024.
Ropes & Gray LLP served as legal counsel to the fund.
