Ropes & Gray represented Neuberger and GIC as lead investors in Onex Partners’ $1.6 billion multi-asset continuation vehicle, which included investments in Fidelity Building Services Group, PowerSchool, and Sedgwick. The transaction transferred interests in the three companies into a newly formed vehicle led by a group of global institutional investors, including Neuberger and others. The fund closed on April 9.
Neuberger is an employee-owned, private, independent investment manager that manages $558 billion of equities, fixed income, private equity, real estate, and hedge fund portfolios for global institutions, advisors, and individuals.
The team included alternative asset opportunities partner Isabel Dische.
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