February 25, 2010 (FinancialWire) — Evercore Partners Inc. (NYSE: EVR) said it has acquired key assets of the Private Funds Placement Group of Neuberger Berman.

The group, headquartered in London with personnel in both Europe and the United States, advises fund sponsors on all aspects of the fundraising process including competitive positioning and market assessment, investor introductions, marketing materials, due diligence, asset raising and documentation.

Evercore said the group has served as a placement agent to funds across a wide range of alternatives strategies, including buyout, co-investment, distressed, real estate, credit/mezzanine, energy/infrastructure, fund of funds and venture capital.

Upon its transition to Evercore, the business will operate as Evercore Private Funds Group, which will initially be comprised of eight professionals.

Evercore said it expects the group to grow as it establishes a broader presence in the United States and expands its reach across continental Europe and the Middle East.

As part of the agreement Neuberger Berman will receive earnout payments, which provide them with an economic interest in the success of the group for a period of time.

New York-based Evercore Partners is an investment banking advisory firm.

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