Strong demand from both existing and new limited partners helped drive the oversubscribed raise. The investor base spans North America, Europe, Asia, and Latin America, including pensions, insurers, endowments, family offices, and high-net-worth individuals. 'We are excited by the market opportunity in GP-led secondaries, which continues to grow rapidly, and we believe will remain a key source of liquidity for private markets and attractive returns for investors,' said Tristram Perkins, Global Co-Head of Secondaries at Neuberger Berman. Neuberger Berman has emerged as a leading player in the GP-led secondaries space, having led or co-led more than 40 continuation fund transactions representing over $15bn in total value. The close of Fund II positions the firm among the top tier of managers in a market that grew 44% in 2024, reaching a record $75bn in volume. Ben Perl, Global Co-Head of Secondaries, added, 'By combining rigorous underwriting with Neuberger's global platform and...
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