– Neuberger Berman announced the final close of NB Private Debt V, raising $7.3 billion (including leverage), surpassing its original target.
– The Fund invests in senior secured, first-lien, and unitranche loans to high-quality U.S. private equity-owned companies.
– Investors include a diverse global base from North America, South America, Europe, the Middle East, and Asia.
– Susan Kasser, Head of Neuberger Berman Private Debt, emphasized capital preservation, noting annualized default and loss rates of just 0.02% and 0.01%, respectively.
– Neuberger’s private debt business, launched in 2013, now manages $24.3 billion across evergreen and closed-end funds.
– The firm leads or co-leads 98% of originated loans and can commit over $800 million per transaction.
– Client capital dedicated to the private debt strategy has increased by over 81% in the past two years, reflecting strong investor demand.
– Anthony Tutrone, Head of Neuberger Berman Alternatives, highlighted that the firm’s private markets platform supports—rather than competes with—the private equity ecosystem.
– This alignment provides strong deal flow, selectivity, and informational advantages, leading to improved outcomes for investors.
– Neuberger Berman’s private markets platform, founded in 1987, manages $169 billion across private equity, private debt, capital solutions, and specialty strategies.
