Neuberger Berman to Acquire Management of Merrill Lynch PE FoF
June 29, 2015
Neuberger Berman has entered into an agreement with Merrill Lynch Alternative Investments to acquire the management rights to certain of its private equity funds-of-funds. Concurrent with the transaction, certain PE professionals from Merrill Lynch will be joining Neuberger Berman. The sale is expected to close in August.