Investment manager Neuberger Berman has held an above target and final closing of NB Strategic Co-Investment Partners IV LP (Fund IV) with just over $2.1 billion of commitments. Limited partners in Fund IV include more than 30 institutional investors from Asia, Europe, Latin America and North America including public pension plans, foundations, corporate pension plans, and financial companies. Like its earlier funds, Fund IV will make direct co-investments in buyout and growth equity transactions alongside private equity sponsors. Since its launch in 2005, Neuberger Berman's co-investment strategy has invested $11.5 billion in co-investment transactions. The firm's earlier co-investment funds closed in 2016 with $1.5 billion of capital, in 2013 with $1.1 billion of capital, and in 2006 with $1.6 billion of capital. "We are enormously grateful to our investors for their support and trust.