Posted by Alumni from Pe-insights
February 26, 2025
The investor base includes corporate and public pension funds, endowments, foundations, insurance companies, family offices, and high-net-worth individuals from North America, Europe, and Asia. Employee and limited partner commitments also contributed to the fund's oversubscribed close. RESOF II primarily targets middle-market real estate opportunities in the US and Europe, where Neuberger Berman believes it can exercise greater investment selectivity. Unlike broad portfolio acquisitions, the firm employs a bottom-up, asset-by-asset underwriting approach to maximise value. The previous vintage of the fund raised $712m, and Neuberger Berman sees continued growth potential in the real estate secondaries market. Scott Koenig, head of the firm's real estate secondaries business, stated, 'We are excited by the long-term opportunities in real estate secondaries and humbled by the trust our investors have placed in us. Our goal is to build a well-diversified portfolio of seasoned assets... learn more

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