Key Takeaways
- • Neuberger Berman closed NB Strategic Co-Investment Partners IV LP above its $2.1 billion target, representing continued strength in the firm's co-investment strategy across buyout and growth equity transactions.
- • The firm has deployed over $11.5 billion into direct co-investments since launching its co-investment platform in 2005, demonstrating a 16-year track record in the strategy.
- • Fund IV is backed by a globally diversified investor base spanning North America, Europe, Latin America, Asia, and the Middle East, including pension plans, insurance companies, endowments, foundations, and family offices.
- • Neuberger Berman manages over $90 billion in committed capital to private equity overall, leveraging established relationships with top-tier private equity sponsors to source co-investment opportunities.
- • The fund will be deployed by a global team of over 50 investment professionals, with a senior leadership cohort that has collaborated for more than a decade.
Summary
Neuberger Berman announced the successful close of NB Strategic Co-Investment Partners IV LP on January 13, 2021, securing over $2.1 billion in commitments above its fundraising target. The fund is designed to build a diversified portfolio of direct co-investments alongside high-quality private equity sponsors in buyout and growth equity transactions.
The closing underscores the continued expansion of Neuberger Berman's co-investment platform, which has accumulated substantial dry powder and deployment experience since its 2005 inception. Over the 16-year period through Fund IV's launch, the firm deployed more than $11.5 billion across direct co-investment transactions, positioning it as an established player in the co-investment segment. This historical performance and track record have been instrumental in attracting capital from institutional and alternative investors.
Fund IV draws support from a geographically and institutionally diverse investor base encompassing public and corporate pension plans, insurance companies and other financial institutions, endowments, foundations, and family offices across North America, Europe, Latin America, Asia, and the Middle East. This global footprint reflects both the breadth of Neuberger Berman's relationships and institutional investor demand for exposure to curated co-investment opportunities.
The firm's broader private equity platform manages over $90 billion in committed capital, providing Fund IV with sourcing advantages through long-standing relationships with best-in-class private equity managers. A global team of more than 50 investment professionals will oversee Fund IV deployment, with senior leadership representing over a decade of collaborative experience. David Stonberg, Global Co-Head of the Co-Investment business, attributed the successful fundraise to investor confidence in the firm's execution capabilities and differentiated sourcing approach within private equity.
The closing underscores the continued expansion of Neuberger Berman's co-investment platform, which has accumulated substantial dry powder and deployment experience since its 2005 inception. Over the 16-year period through Fund IV's launch, the firm deployed more than $11.5 billion across direct co-investment transactions, positioning it as an established player in the co-investment segment. This historical performance and track record have been instrumental in attracting capital from institutional and alternative investors.
Fund IV draws support from a geographically and institutionally diverse investor base encompassing public and corporate pension plans, insurance companies and other financial institutions, endowments, foundations, and family offices across North America, Europe, Latin America, Asia, and the Middle East. This global footprint reflects both the breadth of Neuberger Berman's relationships and institutional investor demand for exposure to curated co-investment opportunities.
The firm's broader private equity platform manages over $90 billion in committed capital, providing Fund IV with sourcing advantages through long-standing relationships with best-in-class private equity managers. A global team of more than 50 investment professionals will oversee Fund IV deployment, with senior leadership representing over a decade of collaborative experience. David Stonberg, Global Co-Head of the Co-Investment business, attributed the successful fundraise to investor confidence in the firm's execution capabilities and differentiated sourcing approach within private equity.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.