Deals
Neuberger Berman Raises $1 Billion for New Real Estate Fund
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Neuberger Berman Group has raised $1.05 billion for its latest real estate private equity secondary fund, exceeding its target by about 30%.
The New York-based investment manager’s new fund, NB Real Estate Secondary Opportunities Fund II LP, is about 48% bigger than its predecessor fund, which had total investor commitments of $712 million, according to a statement reviewed by Bloomberg News.