Neuberger Berman, a private, independent, employee-owned financial investment manager, announced NB Personal Debt Fund II LP (the Fund) closed on $750 countless minimal partner dedications. The Fund seeks to invest in the junior debt of private equity-backed business, including unitranche loans, second lien loans, and mezzanine financial obligation securities.Including the Fund, Neuberger Berman manages around$2.3 billion of dedicated capital concentrated on investing in the credits of private-equity backed business in both the main issuance market and through secondary purchases. The average financial investment size throughout the business is in between$50 million and$100 million. The Funds worldwide financier base is comprisedconsisted of more than 25 institutions, including public and private pensions, insurance businessinsurer, and foundations from The United States and Canada, Europe, and Japan. The Fund targets financial investments in North American companies with EBITDA of$25 million to$250 million, and at last close, was 28%invested in 15 business. Susan Kasser and David Lyon co-manage the Personal Credit business at Neuberger Berman. Kasser said, We all are
grateful for the continuous support of our financiers and see growing opportunities in private debt. We thinkOur company believe our group has the experience and depth of competence to continue to carry out for clients.Neuberger Berman, established in 1939, is a personal, independent, employee-owned financial investment supervisor. The company manages equities, fixed income, private equity and hedge fund portfolios for institutions and consultants worldwide.