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Neuberger Berman closes $1.1 Bn Credit Opportunities Fund

Wednesday, September 20, 2017
Opalesque Industry Update - Neuberger Berman, a private, independent, employee-owned investment manager, is pleased to announce NB Private Equity Credit Opportunities Fund LP 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 Private Equity Credit Opportunities Fund, said of the oversubscribed Fund: "We are thrilled by the support of our existing and new investors and are excited about the prospect of capitalizing on inefficiencies in North American corporate credit with a long-term vehicle that can provide liquidity throughout various market cycles."

Including the Fund, Neuberger Berman manages approximately $3.1 billion of committed capital focused on investing in the credits of private-equity backed companies in both the primary issuance market and through secondary purchases. Susan Kasser and David Lyon co-manage the Private Credit business at Neuberger Berman. Learn more about the team here.

The Fund's global investor base is comprised of institutions including public and private pensions, insurance companies, and foundations from North America, Europe, and Japan.

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