NEUBERGER BERMAN ACHIEVES SIGNIFICANT ASSET BASED FINANCE MILESTONE WITH OVER $1.6 BILLION FUNDRAISE FOR SPECIALTY FINANCE FUND III
- Editor
- Feb 18
- 1 min read
Whats Happening:
Neuberger Berman has successfully closed its NB Specialty Finance Fund III LP, raising over $1.6 billion and surpassing its original $1 billion target. The fund, which focuses on asset-based finance, is already 45% deployed. This achievement marks a significant milestone for Neuberger Berman's Specialty Finance group, which now manages a portfolio of over $4 billion across 50+ portfolio companies.
Key Moves:
NB Specialty Finance Fund III LP raises over $1.6 billion, exceeding $1 billion target
Fund is already 45% deployed in asset-based finance investments
Neuberger Berman's Specialty Finance group now manages over $4 billion across 50+ portfolio companies
By The Numbers:
NB Specialty Finance Fund III LP raised over $1.6 billion
Fund is 45% deployed
Neuberger Berman manages $508 billion in total assets
Key Quotes:
"The asset based finance market has experienced incredibly strong growth driven by regulation, innovation and evolving borrower needs," said Peter Sterling, Head of NB Specialty Finance.
"We are deeply grateful for the trust and confidence our investors continue to place in Neuberger Berman's Specialty Finance group," Peter Sterling added.
Bottom Line:
Neuberger Berman's successful fundraise for NB Specialty Finance Fund III LP demonstrates strong investor confidence in asset-based finance strategies. The fund's rapid deployment and the growth of the Specialty Finance group's portfolio highlight the increasing importance of this sector in the alternative investment landscape.
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