Neuberger Berman has announced that it is to acquire the management rights to c. $1bn in private equity funds of funds managed by Bank of America's, Merrill Lynch Alternative Investments alternative investment business. The funds of funds have c. $2bn in total commitments.
Neuberger Berman has announced that it is to acquire the management rights to c. $1bn in private equity funds of funds managed by Merrill Lynch Alternative Investments, Bank of America's alternative investment business. The funds of funds have c. $2bn in total commitments.