Neuberger Berman has hired Scott Koenig to lead the acquisitions of secondary stakes in real estate private equity portfolios. Previously, he was head of real estate secondaries for DB Private Equity.
New York, July 10, 2017 — Neuberger Berman, a private, independent, employee-owned investment manager, announced today the hiring of Scott Koenig to lead a real estate secondary effort. The hire deepens the capabilities of Neuberger Berman’s private equity platform and builds on the firm’s efforts to identify investments that can generate attractive returns uncorrelated to equity markets.
Mr. Koenig joined Neuberger Berman in June and is based in New York. He will focus on acquiring interests in mature real estate private equity portfolios on a secondary basis globally, with an emphasis on the U.S. and Europe. His selective, value-oriented investment approach will mirror that of Neuberger Berman’s existing private equity secondary business.
Mr. Koenig has 22 years of experience in real estate and real estate investing, including 16 years at Deutsche Bank, where he held a number of senior roles focused on real estate private equity. Most recently, he served as Head of Real Estate Secondaries for DB Private Equity, where he developed and led a real estate secondaries investment strategy as part of the firm’s private equity secondaries platform. Mr. Koenig will leverage his background and Neuberger Berman’s proven secondary investment strategies and resources to address the nascent real estate secondary market. Brian Talbot and Tristram Perkins are global co-heads of Neuberger Berman’s secondary investing group. “We are excited to have Scott join our team and lead the expansion of our secondary capabilities into real estate,” said Mr. Talbot. Mr. Perkins added, “Scott’s experience and investment strategy make him a logical addition to the team. Having access to Neuberger Berman’s global sourcing, due diligence and valuation resources will enable Scott to take advantage of the growing market for real estate secondaries.”
Neuberger Berman Private Equity is a leading global private equity investor with over 30 years of experience and has managed over $50 billion of commitments since inception through May 2017 across private equity fund investments in the primary and secondary markets, direct equity coinvestments and debt investments in private equity owned companies and a number of specialty strategies including asset management minority stakes, brand royalties, European merchant banking and healthcare credit investments. Its dedicated team of over 120 professionals has a global presence with offices in the U.S., Europe, Asia and South America. Over the past three years, Neuberger Berman Private Equity has committed over $5 billion on average annually to private equity investments.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 19 countries, Neuberger Berman’s team is more than 1,900 professionals. The company was named the #1 firm in Pensions & Investments 2016 Best Places to Work in Money Management survey (among those with 1,000 employees or more). Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $267 billion in client assets as of March 31, 2017. For more information, please visit our website at www.nb.com.
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