Neuberger Berman Private Equity Exceeds $1 Billion of Total Committed Capital from Investors in Japan And Korea
NEW YORK and TOKYO, 13 October, 2014 – Neuberger Berman Private Equity, a business of Neuberger Berman, one of the world’s leading employee-controlled investment managers, today announced that it exceeded total committed capital of $1 billion from Japanese and Korean investors.
Neuberger Berman managed approximately $31 billion in alternatives assets for institutional and individual investors as of June 30, 2014.
“We are very pleased with continued client interest in our private equity capabilities, reflecting our nearly 30 years of dedication to generating performance,’’ said Anthony Tutrone, Global Head of Neuberger Berman Alternatives. “Our global investment team conducts extensive due diligence on numerous investment opportunities, enabling us to select the most attractive private equity investments.”
“We are excited to have such a remarkable milestone and we would like to express our gratitude to our high-quality group of institutional investors that partnered with us on various private equity investment opportunities over the past 10 years,” said Ryo Ohira, the head of East Asia and Managing Director of Neuberger Berman. “We also continue to be committed to introduce more diverse range of private equity strategies to the most sophisticated investors in the region while seeking superior long-term return and the highest level of localized and customized investor services.”
About Neuberger Berman
Neuberger Berman is a 75-year-old private, independent, employee-controlled investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 17 countries, Neuberger Berman’s team is more than 2,000 professionals and the company was named by Pensions & Investments as a 2013 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $257 billion in client assets as of June 30, 2014. For more information, please visit our website at www.nb.com.