Deals
Neuberger’s Dyal Seeks $9 Billion for Fund to Buy Manager Stakes
- Firm has started discussing the fifth fund with investors
- Dyal has backed firms including Owl Rock, TSG and H.I.G
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Neuberger Berman Group’s Dyal Capital Partners is seeking to raise at least $9 billion for its fifth fund dedicated to buying minority stakes in alternative-asset managers, according to people familiar with knowledge of the matter.
The firm has started talking to investors about the new fund, known as Dyal Capital Partners V, said one of the people, who asked not to be identified because the information is private. A spokesperson for Dyal, which managed about $21.7 billion in assets as of Dec. 31, declined to comment.