Neuberger Berman bolsters real estate secondary team
Neuberger Berman announced the appointment 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.
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 US and Europe. His selective, value-oriented investment approach will mirror that of Neuberger Berman’s existing private equity secondary business.
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. He 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 Talbot and 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.”