Neuberger Berman Exceeds Expectations, Closes $2.8B Fund Amid Sluggish PE Exits

Amid an era of uncertainty, with private equity (PE) exits under pressure from tariffs and geopolitical destabilizations, one firm has boldly decided to swim against the tide. Neuberger Berman, a leading private equity investment firm, has declared the closing of an impressive $2.8 billion for its NB Strategic Co-Investment Partners V, surpassing its initial target of $2.25 billion. This impressive performance comes despite a gloomy quarter which witnessed a near-half decline in exit value and a 25% decrease in exit count.

Neuberger Berman is not one for half steps. The investment strategy emphasizes participation in every part of deal life, from inception to partial realizations, often offering capital to bolster growth along the way. Operating with a flexible mandate, the firm usually deploys a minimum of $15 million per investment across diverse sectors and fund managers.

Annotations to the firm’s milestones reveal that since January 2024, Neuberger Berman has ​​raised an astounding total of $6 billion via co-investment vehicles. As a result, the powerhouse now manages a co-investment platform with $40 billion of assets under management, demonstrating its robustness and long-lasting commitment to strategic growth.