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Neuberger Berman closes $750m private debt fund

Neuberger Berman Group closed its second private-debt fund at $750 million, increasing the asset manager’s private-credit business to $2.3 billion and rivalling existing players in the field.

Neuberger Berman closes $750m private debt fund

Neuberger Berman Group closed its second private-debt fund at $750 million, increasing the asset manager’s private-credit business to $2.3 billion and rivalling existing players in the field.

NB Private Debt Fund II is larger than its predecessor, a $620 million vehicle closed in September 2015.

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