Neuberger Berman closes Private Equity Impact fund

Strategy had raised $280m

Neuberger Berman has announced the closure of its NB Private Equity Impact fund, having achieved nearly $280m in commitments to the strategy.

The fund invests in direct and fund investments that aim to achieve positive social and environmental outcomes aligned with the UN Sustainable Development Goals. It also has exposure to broad investment themes such as improving health outcomes, addressing climate change and energy needs, and improving sustainable growth and employment. As of 31 March 2021, the fund had committed $132m to direct investments (co-investments), primary fund commitments and secondary transactions. Neuberger Berman adds to ESG offering with sustainable equity funds for ex-NN IP portfolio managers Domi...