Neuberger Berman’s private equity co-investment fund, Fund V, raised $2.8bn, surpassing its $2.25bn target. The total client funds raised for co-investment vehicles in the last 18 months now nears $6bn. Fund V collaborates with leading private equity firms to create a diverse global portfolio of direct equity co-investments.

The fund’s investor base includes public and private pension funds, insurance companies, foundations, family offices, and high-net-worth individuals worldwide. This diverse support highlights the popularity of co-investment strategies, offering high returns and greater control over capital deployment. Neuberger Berman’s successful fundraise reflects continued market interest in co-investments.

With a strong private markets platform and experienced team, Fund V is well-positioned to generate compelling investment opportunities. Co-investment techniques have gained popularity, providing limited partners with direct investment opportunities alongside private equity sponsors. Neuberger Berman’s strategy focuses on acquiring high-quality deal flow through collaboration with lead sponsors.

Since the beginning of 2024, Neuberger Berman has raised nearly $6bn in client funds for co-investments, signaling sustained investor interest. Legal counsel for the fund was provided by Ropes & Gray LLP. Neuberger Berman’s success in exceeding its target for Fund V demonstrates the ongoing demand for co-investment strategies in the market.

Read more at Yahoo Finance: Neuberger Berman exceeds target in $2.8bn fund close