Neuberger PE co-investment fund to seek Asian deals

Neuberger Berman has closed its second co-investment fund at $1.1 billion, which will invest globally, including in Asia-Pacific. NB Strategic Co-Investment Partners Fund II (NBCIP II), which invests alongside major private equity firms for buyout and growth finance deals globally, surpassed its $750 million target. It is the follow-on vehicle to NBCIP I, which closed in 2006 at $1.6 billion. Fund II's Asian investor base comprises less than 5% of the total AUM, but represents a…