Evercore snaps up key assets of Neuberger Berman unit

London-based Evercore advises fund sponsors on all aspects of fundraising, including competitive positioning and market assessment, investor introductions, marketing materials, due diligence, asset raising and documentation. The investment management business comprises wealth management, institutional asset management and private equity investing. The new business will operate as Evercore Private Funds Group, initially comprised of eight professionals and headed by Richard Anthony. As part of the agreement Neuberger Berman, which was established in 1939 and which managed some $173bn by e...