Neuberger Berman raises $4.9b for fifth global PE secondary fund
Other - SEPTEMBER 19, 2022

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Neuberger Berman raises $4.9b for fifth global PE secondary fund

by Andrea Zander

Neuberger Berman (NB), a private, independent, employee-owned investment manager, has held a final close of NB Secondary Opportunities Fund V (SOF V), the firm’s fifth global private equity secondary fund. SOF V closed at $4.9 billion, surpassing its target of $3 billion. It is the successor to NB Secondary Opportunities Fund IV LP, which had commitments of $2.5 billion.

"As the secondary market continues to grow in both size and complexity, our fundamental approach to private company underwriting, supported by our access to NB’s broad-based industry research and vast private markets relationships across primaries, co-investments, direct lending and secondaries, continues to position us as a preferred partner for limited partners and general partners, that we believe provides the opportunity to source differentiated investment opportunities globally,” said Ben Perl, global co-head of secondaries.

SOF V’s diverse investor base includes corporate and public pensi

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