Neuberger Berman attracts $280m for ESG private equity fund

Neuberger Berman held the final close for its NB Private Equity Impact Fund, raising nearly $280 million in investor commitments.

The Impact Fund invests in direct and fund investments that seek to achieve positive social and environmental outcomes that are aligned with the UN Sustainable Development Goals and that also meet NB Private Equity’s traditional underwriting standards. The underlying investments are aligned with a number of relevant investment themes, such as improving health outcomes, addressing climate change and energy needs, and improving sustainable growth and employment.

Already, the new fund has committed $132 million . . .

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