Neuberger Berman's debut Japan Private Equity Opportunities Fund gathered around $460 million against a $300 million target, managing director Kent Chen told Private Equity International. The vehicle will target primary fund commitments and direct co-investments in Japan. NB Japan Private Equity Opportunities Fund saw 'strong early demand' from APAC LPs.

The firm has tapped mounting appetite among Asia-Pacific investors to close the fund above target. The closing size demonstrates significant investor interest in the Japanese private equity market.