Neuberger Berman Capital To Invest in Sphera Alongside Blackstone Inc (BX)

Blackstone Inc. (NYSE:BX) is one of the Best Financial Stocks to Buy Right Now. On September 3, Neuberger Berman Capital Solutions announced that it is making a significant growth investment in Sphera, a company specializing in operational risk management software and data. Neuberger Berman Capital Solutions noted that it will invest on behalf of client funds and join Blackstone Inc. (NYSE:BX), which is the existing majority investor, to support Sphera’s growth.

Sphera provides SaaS software and proprietary data to help global organizations manage risks related to environment, health, safety, and sustainability. The company serves over 8,500 customers and one million users in 100 countries. The CEO of Sphera, Paul Marushka, welcomed Neuberger Berman Capital Solutions as a strategic partner alongside Blackstone Inc. (NYSE:BX). In addition, Neuberger Berman Capital Solutions noted that the investment will accelerate innovation and expand Sphera’s global reach.

Blackstone Inc. (NYSE:BX) is a global alternative asset manager specializing in investments across real estate, private equity, credit, infrastructure, and hedge funds.

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Disclosure: None. This article is originally published at Insider Monkey.