NEUBERGER BERMAN SECONDARY OPPORTUNITIES FUND II

"NEUBERGER BERMAN SECONDARY OPPORTUNITIES FUND II
TO PURCHASE $200 MILLION PRIVATE EQUITY PORTFOLIO

Largest Purchase to Date for $1.7 Billion Fund Managed by Industry Veterans
NEW YORK, December 16, 2009 – Neuberger Berman, a leading global, independent employeecontrolled money manager, said its private equity secondaries team agreed to acquire a diversified portfolio of 21 private equity investments from a European family office.

The total transaction size is approximately $200 million, and the diversified portfolio will be purchased by NB Secondary Opportunities Fund II, a $1.7 billion fund raised in 2008. Transaction terms and the identity of the selling entity were not disclosed.

“This transaction represents a superior opportunity to purchase an attractive and diversified portfolio of high-quality assets on behalf of our limited partners in NB Secondary Opportunities Fund II,” said Brian Talbot, managing director and head of the Neuberger Berman secondaries team. “Leveraging our experience and capabilities and utilizing our relationships with the underlying funds’ general partners (‘GPs’), the team was able to thoroughly examine the portfolio and meet the seller’s tight timeframe.”

this Direct Neuberger Berman Quote and Link to Full article Poste Below
https://www.nb.com/MYP/NB/PUB/24771/NFA/H/M/I/U/doc/
20091216_NB_Secondary_Opportunities_Fund_II_Purchase_Private_Equity_Portfolio.pdf

Posted By Crystal L. Cox
Investigative Reporter
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