Neuberger Berman Private Markets related stories
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New York City commits $225m to Vista EquityVista has been attracting commitments from numerous public institutions in the US, attracted to the firm’s solid returns and LP friendly terms.
- Panel: 2012 to bring shakeout and 'zombies'
A host of new challenges are expected to confront the private equity industry next year, but new sources of capital and opportunities in distressed investing could be highlights of 2012, according to an industry panel.
- Vista Equity beats Fund IV target, eyes hard-cap
The software-focused firm, founded by former Goldman Sachs executive Robert Smith, expects to close its fourth fund on its $3.3bn hard-cap in early 2012.
- Cogent co-founder steps back
Scott Myers, who helped form secondary specialist Cogent Partners in 2002 along with other former executives from the Crossroads Group, is taking a reduced role at the firm.
- Neuberger closes first post-Lehman fund
Private equity group Neuberger Berman has closed its first fund of funds since spinning out of failed investment bank Lehman Brothers, raising $720m, of which half has already been deployed.
- Carlyle bulks up communications team
The Carlyle Group, which has grown its assets under management 43% since last year, has hired Neuberger Berman’s Randall Whitestone as director of communications for the Americas.
- LP-friendly terms boost Vista fundraise
The firm, led by a former Goldman executive, is offering a European-style waterfall and 100% deal fee offset for its fourth fund.
- Goldman builds private placement team
The investment bank has been trying to recruit professionals for a team that would raise private equity funds, a business Goldman says it has been in ‘for a number of years’ and is ‘interested in growing’.
- Vista Equity launches $2.5bn fundraise
The firm, with offices in Austin, Texas; San Francisco and Chicago, is expected to hit its target with relative ease, according to existing LPs who point to the firm’s strong track record.
- Panel: LPs 'digging in' to portfolio companies
Limited partners are ‘drilling down’ into the unrealised portfolios of GPs before committing capital, both with new and existing GP relationships.