As the crush of private debt deals continue to hit the market, the New York-based firm Neuberger Berman announced the close of its first private financing fund with over $300 million in commitments.
The NB Specialty Finance Fund closed in early August with capital from insurance companies, pension funds, asset managers, RIAs and family offices. Approximately 60% of the fund's capital comes from the Americas and the balance from Asia.
The new fund’s objective is to complement more traditional private debt strategies by seeking to generate attractive current income via short . . .
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