NB Strategic Co-Investment Partners IV’s $2.1 Billion Fundraising


Ropes & Gray represented Neuberger Berman on the deal.

Neuberger Berman, a private, independent, employee-owned investment manager, announced its NB Strategic Co-Investment Partners IV LP (“Fund IV”) closed above its target on over $2.1 billion of commitments.

Fund IV will seek to build a diversified portfolio of direct co-investments in buyout and growth equity transactions alongside high quality private equity sponsors. The successful fundraise demonstrates the continued growth of Neuberger Berman’s co-investment strategy, which has deployed over $11.5 billion into direct co-investment transactions since its inception in 2005.

Fund IV is backed by a global investor base that includes public and corporate pension plans, insurance companies and other financial institutions, endowments, foundations and family offices. Investors are represented across a broad geographic range including North America, Europe, Latin America, Asia and the Middle East. Fund IV will be deployed by a global team of over 50 investment professionals, including a senior team that has worked together for over a decade.

Neuberger Berman’s private equity platform and well-established relationships with best-in-class private equity managers provide access to attractive investment opportunities. Neuberger Berman manages over $90 billion of committed capital to private equity.

The Ropes & Gray team advising on Fund IV was led by asset management partner Peter Laybourn (Picture) and included tax partner Jay Milkes, asset management associates Lindsay Rutishauser, Rob Rossi, Sean Foley and Brittany Morgan, and tax associate Alexa Voskerichian.

Involved fees earner: Sean Foley – Ropes & Gray; Peter Laybourn – Ropes & Gray; Jay Milkes – Ropes & Gray; Brittany Morgan – Ropes & Gray; Robert Rossi – Ropes & Gray; Lindsay Rutishauser – Ropes & Gray; Alexa Voskerichian – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Neuberger Berman;

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Author: Ambrogio Visconti