Industry News
The New York-based firm is acquiring a global investment advisor with more than $21 billion in assets under management in a deal expected to close in the second quarter of 2025.
The hire follows a search from last year as the institute’s previous cio left to focus on their board of directors roles, teaching and philanthropic endeavors.
The deal is expected to close this quarter.
Neuberger Berman has closed its third specialty finance fund with over $1.6 billion.
The new additions will lead Wasatch’s new Global Small Cap Value and International Small Cap Value equity strategies.
The fund makes opportunistic investments in senior loans and real estate securities in the U.S. and Western Europe.
The global alternative investment firm expanded its legal credit team with the addition.
The firm’s new managing director will focus primarily on sourcing, analyzing and managing private market investments on the West Coast.
The wealth management firm is acquiring an investment manager based on the West coast along with its advisory team as part of its strategic growth plan of enhancing its research and investment talent.