Home >> Neuberger Berman unit Dyal taps $1.3bn to buy hedge fund stakes

Neuberger Berman unit Dyal taps $1.3bn to buy hedge fund stakes

December 06, 2012  

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Dyal Capital Partners, the private equity fund managed by US-based asset manager Neuberger Berman, has received $1.28 billion in client commitments to make minority investments in the management companies of established hedge fund firms. 

The fundraising effort exceeded Dyal’s goal of $1 billion, with the firm reporting that it has assembled a sophisticated global investor base of more than...

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