Neuberger Berman, a New York-based private, independent, employee-owned investment manager, closed its fourth global private equity secondary fund.
NB Secondary Opportunities Fund IV LP, closed at $2.5 billion, surpassing its target of $2.0 billion. The investor base includes corporate and public pension plans, endowments, foundations, insurance companies, family offices and high net worth individuals. Investors are global, including from North America, Europe, Latin America and Asia.
Launched in April 2016 as the successor to NB Secondary Opportunities Fund III LP, which had commitments of $2.0 billion, SOF IV has a global mandate and will pursue secondary opportunities in private equity funds, direct investments, co-investments and structured private equity opportunities.
The investment team is led by Brian Talbot, Tristram Perkins, Ethan Falkove and Benjamin Perl. They leverages a large pool of talent within Neuberger Berman’s over $40 billion private equity platform, which includes approximately 110 investment professionals in the U.S., Europe, Asia and South America.