Neuberger Berman Closes $4B Fund, Shakes Up Secondaries Market

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Strategy: Deep Pockets, Deeper Relationships

NB Strategic Capital Fund II is designed to fuel the firm’s leadership in continuation vehicle transactions, allowing the secondaries team to write bold, flexible checks across multi-asset and single-asset deals. The fund works in tandem with Neuberger Berman’s broader GP-centric strategy, a framework that targets partnerships across all layers of the capital stack in the private equity ecosystem.

Investors: Global Backing from Institutions to Family Offices

Support for the fund came from a diverse international roster:

  • Corporate and public pension plans

  • Endowments and foundations

  • Insurance companies and high-net-worth individuals

  • Spanning across North America, Europe, Asia, and Latin America

This surge of confidence suggests institutional hunger for creative liquidity solutions in the private markets is reaching fever pitch.

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“We are honored by the trust shown by both long-standing and new investors,” said Tristram Perkins, co-head of secondaries. “The GP-led space is evolving quickly, and we see enormous potential ahead.”