Investment management firm Neuberger Berman Group has garnered about $720 million for its NB Crossroads 2010 Fund. The vehicle mainly invests in leading private equity funds and co-investments as well as in premier funds. The firm has raised more than $1.5 billion in its private equity fund of funds since January last year.
Neuberger Berman is a global, independent and employee-controlled asset management company. It handled about $183 billion in assets as of September 30.
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