Neuberger Berman Strategic Capital II

The fund manager

Neuberger Berman is a global, employee-owned investment manager with a long-standing private markets platform. Its private equity division has over 40 years’ experience and manages a broad range of alternative investment strategies. NB Private Equity manages more than $135 billion of aggregate committed capital across primaries, secondaries, co-investments, private credit, capital solutions and a number of other direct equity and credit specialty strategies. 

Neuberger Berman is a highly experienced and scaled investor in GP-led and traditional LP secondaries transactions. NB Strategic Capital II is now positioned as one of the largest funds dedicated to the highly attractive GP-led secondary market.

Investment rationale

The strategy looks to capitalise on increased demand for liquidity in the private markets and a growing pipeline of high-quality secondary opportunities. This fund offers investors access to a differentiated segment of the private equity market through a well-established manager with deep expertise in secondaries. It focuses on mature, resilient private equity-backed businesses with known performance characteristics. As part of a broader portfolio, it enhances diversification while aiming to generate attractive returns with lower volatility over shorter holding periods.