Neuberger Berman’s Dyal Buys Stake in Tech-Focused Vector (1)

Neuberger Berman Group’s Dyal Capital Partners acquired a stake in technology-focused private equity firm Vector Capital.

Dyal bought a passive, minority stake in San Francisco-based Vector, according to a statement Wednesday. Most of the proceeds from the sale, which is for a stake of less than 10 percent, will go toward building Vector’s credit business, according to people familiar with the details, who asked not to be identified because the details are private.

“Vector has distinguished itself as one of the leading special situations investors in technology,” Dyal’s Michael Rees said in the statement. “We look forward to ...