Neuberger Berman Raises $2.8 Billion to Co-Invest With PE Firms

July 16, 2025, 7:00 AM UTC

Neuberger Berman has raised more than $2.8 billion for a new fund that invests side by side with private equity firms, stepping in to provide much-needed liquidity to a market where exits have become more challenging.

The investment manager secured more commitments than its initial target of $2.25 billion for NB Strategic Co-Investment Partners V, according to a statement reviewed by Bloomberg News.

Neuberger will use most of the money for so called mid-life deals, Joana Rocha Scaff, the firm’s head of Europe private equity, said in an interview. It will invest in assets that buyout firms have held ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.