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Laxman Pai, Opalesque Asia: NB Capital Solutions, a unit of Neuberger Berman that finances companies owned by private equity firms raised about $2.5 billion for NB Credit Opportunities Fund II, around $1 billion more than its initial target.
According to a media release from the private, independent, employee-owned investment manager, the NB Capital Solutions team sources, evaluates, and structures direct investments, with a primary focus on structured or minority equity, and other junior capital instruments.
Investments are made in high-quality, performing companies across a broad array of industries, with a focus on North America, it said.
David Lyon, Managing Director and Head of NB Capital Solutions, said: "We are thankful for the confidence and support of our investors. The current market environment continues to create opportunities for firms like Neuberger Berman, with a global non-control private equity platform, that can invest in scale and provide strategic, flexible capital to our private equity partners."
"Structured investments provide sponsors with flexible capital to fund growth and acquisitions for mid-life assets. The deal flow remains strong, and our position allows us to negotiate instruments that have equity-like returns with the benefits of structural downside protection in industry-leading, growing companies," David added.
NB Capital Solutions is led by David and comprises Managing Directors Nikhil Krishnan and J.T. Munch and a dedicate...................... To view our full article Click here
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