Neuberger Berman is planning to deploy a chunk of the $4.9 billion it has raised for second-hand private equity deals on so-called continuation funds, even as concerns over valuations cause other investors to cool on the sector.
The firm will invest in the private equity vehicles, which seek to raise additional cash to extend ownership of companies, according to Benjamin Perl, a managing director at the investment manager. In deals where the amount being sought is less than $1 billion, there is still a robust pipeline of opportunities, he said.
