Neuberger Berman raises nearly $2bn for SPAC platform

Neuberger Berman closed its latest fund at $1.95 billion in commitments and will co-sponsor a series of SPACs with a private investment from CC Capital led by Chinh Chu to create a "next generation" SPAC platform.

The Neuberger Berman Opportunistic Capital Solutions Fund has entered into a $200 million forward purchase agreement with each co-sponsored SPAC. In addition, the fund has entered into equity backstop facility agreements to invest up to $300 million across the CC Neuberger SPACs, on a first-come, first-serve basis to offset potential SPAC shareholder redemptions.

The . . .

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