Asset manager Neuberger Berman has collected $1.95 billion for a debut fund to sponsor special-purpose acquisition companies, alongside CC Capital Partners, a private investment firm formed and led by ex- Blackstone dealmaker Chinh Chu, The Wall Street Journal reports.
An affiliate of Koch Industries anchors the vehicle, called Neuberger Berman Opportunistic Capital Solutions Fund, a spokesman for the company confirmed. The fund had an initial target of $1.5 billion, a February 2020 regulatory filing shows. Read more.
