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Neuberger Berman Closes $1.1 Billion Credit Opportunities Fund; Private Credit Business Grows To $3.1 Billion

Sep 19, 2017 - PR Newswire

 Neuberger Berman, a private, independent, employee-owned investment manager, is pleased to announce NB Private Equity Credit Opportunities Fund LP (the "Fund") closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily in secondary market transactions, taking advantage of credit market dislocations, inefficiencies, and gaps in liquidity.

David Lyon, Managing Director and Head of the Priva...