Neuberger Berman Group Raises $720M for PE Fund of Funds

Neuberger Berman Group, an employee-owned investment management firm, has raised approximately $720m for its new fund of funds investing in opportunities in buyouts, distressed and venture capital globally.

NB Crossroads 2010 Fund focuses on investing in premier private equity funds and co-investments alongside premier funds. It has already committed to 19 funds, 7 co-investments, and acquired 15 secondary interests in private equity funds, as of October 31, 2011.

Established in 1939 and led by Tony Tutrone, global head of alternatives for Neuberger Berman, and John Buser, managing director, Neuberger Berman provides a broad range of global investment solutions to institutions and individuals through customized separately managed accounts, mutual funds and alternative investment products.
Along with private equity fund and co-investments, the firm’s alternatives teams invest in hedge funds.

Neuberger Berman has approximately 175 private equity professionals, who are based in New York, Dallas, London and Hong Kong.



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