On February 14, 2017, Dyal Capital Partners, a division of Neuberger Berman Group, announced that it had closed its third fund, Dyal Capital Partners III (PE), with approximately $5.3 billion of committed capital.
During the marketing period, Dyal Capital Partners (“Dyal”) increased the target fund size by over $2.0 billion.
Dyal Capital Partners III (PE) (the “Fund”) will ultimately seek to make investments into 10-12 private equity firms diversified by asset class, strategy, and geography. To date, the Fund has made investments in six firms: Vista Equity Partners, EnCap Investments, Silver Lake Technology Management, H.I.G. Capital, Starwood Capital Group, and KPS Capital Partners. The Fund has committed over 50% of its capital following the completion of these six transactions. The Fund is backed by a global investor base that includes sovereign wealth funds, public and corporate pension plans, endowments, foundations and family offices.
Dyal was established in 2011 and currently has 20 minority partnerships.
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