Fund Friday: Top fundraising news in private equity

Neuberger Berman has announced that its NB Global Private Equity Access Fund has exceeded $1bn in assets under management, reflecting strong demand from institutional and retail investors for semi-liquid private equity strategies.

The evergreen fund provides investors with access to co-investments and secondaries across a globally diversified portfolio. It forms part of Neuberger’s broader $140bn private markets platform, which completed $17.5bn of commitments across more than 300 transactions in 2024.

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HSBC Asset Management has launched a new private equity strategy aimed at high-net-worth investors, expanding its alternatives platform beyond its traditional institutional client base, according to a report by Bloomberg.

The fund, seeded with capital from HSBC’s insurance arm, invests in secondary deals and co-investments sourced from a range of general partners. It already holds positions in around 10,000 companies with a net asset value of $477m. HSBC is seeking to raise $500m from wealthy clients in the UK, Europe, Asia, and the Middle East over the next year. Minimum commitments start at $25,000, varying by jurisdiction.