The Fund's global investor base is comprised of more than 25 institutions, including public and private pensions, insurance companies, and foundations from North America, Europe, and Japan. The Fund targets investments in North American companies with EBITDA of $25 million to $250 million, and at final close, was 28% invested in 15 companies.
Susan Kasser and David Lyon co-manage the Private Credit business at Neuberger Berman. Ms. Kasser said, "We all are grateful for the ongoing support of our investors and see growing opportunities in private debt. We believe our team has the experience and depth of expertise to continue to perform for clients."
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 19 countries, Neuberger Berman's team is approximately 2,000 professionals and the company was named by Pensions & Investments as a Best Place to Work in Money Management for three consecutive years. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $255 billion in client assets as of September 30, 2016. For more information, please visit our website at www.nb.com.
All information is as of September 30, 2016 unless otherwise indicated and is subject to change without notice. Firm data, including employee and assets under management figures, reflects collective data for the various affiliated investment advisers that are subsidiaries of Neuberger Berman Group LLC. Firm history/timeline includes the history of all firm subsidiaries, including predecessor entities and acquisitions.
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Media Contact: Alex Samuelson, 212 476 5392, Alexander.Samuelson@NB.com
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