Neuberger Berman-backed Almanac Realty Investors to invest $320m in Asia Capital Real Estate.

Neuberger Berman-backed Almanac Realty Investors, a private equity firm, agreed to invest $320m in Asia Capital Real Estate, a real estate private equity firm. “We’re very pleased to have an asset management firm as prominent as Neuberger Berman invest in ACRE with a commitment of this magnitude and equally honored to partner with Almanac’s experienced and highly respected team to help grow our platform and broaden our relationships with institutional investors and allocators. This timely capital infusion serves as a testament to our proven investment, development and management strategies and the track record of success we’ve built over the last decade," Les Menkes, ACRE Founding Partner.