Neuberger Berman, a private, independent, employee-owned investment manager, has held the final close of NB Specialty Finance Fund III, at over $1.6bn in total capital commitments, exceeding its original $1bn target.
NB Specialty Finance Fund III is already 45% deployed.
The NB Specialty Finance team manages a high yield, short duration strategy within asset based finance. Primary sectors include receivables, small business, consumer, and hard assets. The global team has a physical presence in New York, Redwood City, London, and Tel Aviv, sourcing the vast majority of its investments directly through its network of sponsors, seasoned corporate management teams, and innovative entrepreneurs.
The Fund’s global investor base is comprised of more than 40 institutions across the globe including public and private pensions, insurance companies, foundations, and RIAs from the United States, Canada, the Middle East, and East Asia
