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Latham Represents Neuberger Berman Capital Solutions in Significant Growth Investment in Sphera

September 4, 2025
Hybrid Capital team advises the capital solutions provider on its investment in the integrated operational risk management software and data company.

Sphera, a leading provider of integrated operational risk management software and data, has announced that Neuberger Berman Capital Solutions (NBCS), on behalf of client funds, has agreed to make a significant growth investment in the company. NBCS will join existing investor, private equity funds managed by Blackstone — which will retain a majority stake in the company — in supporting Sphera’s next phase of growth.

Latham & Watkins LLP represented NBCS in the investment with a team led by partners Stelios Saffos and Peter Sluka, Global Co-Chairs of the Hybrid Capital Practice, and partners Jordan Miller and Andrew Blumenthal, with associates Ariel Gershoig, Amrita Mohan, and Matty McColl. Advice was also provided on tax matters by partner Pardis Zomorodi; on executive compensation and employee benefits matters by partner Julie Crisp, with associate Kayla Snyder; on intellectual property matters by partner Ghaith Mahmood, with associates Jesse Kirkland and Enrique Covarrubias; on data privacy and cybersecurity matters by partners Robert Brown and Fiona Maclean, with associates Sarah Zahedi, Zac Alpert, Stuart Cobb, and Edgar Lee; on environmental matters by partner Joshua Marnitz, with associate Reilly Nelson; on antitrust matters by partners Hector Armengod and Patrick English; on foreign direct investment matters by partner Jana Dammann de Chapto and counsel Catherine Hein, with associates Enno Mensching, Adam Schupack, and Friederike Hammwöhner; on government contracting matters by partner Dean Baxtresser, with associate Cassie Martin Andry; and on compliance matters by partner Andrew Galdes, with associate Eric Green.

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