Neuberger Berman closes $2.8bn co-investment fund, exceeding target as LP demand accelerates
Neuberger Berman has held the final close of NB Strategic Co-Investment Partners V at $2.8bn, surpassing its $2.25bn target and highlighting growing appetite for GP-aligned co-investment strategies.
The oversubscribed fund will target a globally diversified portfolio of direct equity co-investments alongside leading private equity sponsors. Backers include public and private pension funds, insurers, foundations, family offices, and high-net-worth individuals from across the globe.
The close brings Neuberger Berman’s total capital raised for co-investments and customised accounts to nearly $6bn since the beginning of 2024. The firm now manages over $40bn in committed co-investment capital and $140bn in total private markets assets.
