Fund-of-funds
Australian LPs miss out on Neuberger Berman fund-of-funds
Neuberger Berman announced a final close of $720 million for its NB Crossroads 2010 fund-of-funds last week, but Australian investors were conspicuous by their absence. Not one Australian LP subscribed to the latest vehicle, which Neuberger attributes...
Neuberger Berman raises $720m
Investment management firm Neuberger Berman Group has raised $720 million for its private equity fund-of-funds, NB Crossroads 2010.
CDC invests $50 million in Pragati India Fund
CDC Group, the UK development finance institution, has committed $50 million to Narayanan Shadagopan's Pragati India Fund.
Partners Group launches global fund in Sydney
Partners Group has set up a new global private equity fund based in Sydney, offering smaller institutional and retail investors access to deals normally only available to large institutions.
CDC focuses on direct investments, debt in India
CDC Group, the UK development finance institution, is changing its strategy in India to focus on direct investments, co-investments and debt, as well as making commitments to private equity fund managers. It will also make investments in early-stage funds.