Neuberger Berman loan fund raises over $500m
Asset manager Neuberger Berman has raised approximately $507m for its floating rate income fund, far exceeding the $200m it initially targeted.
NB launched the fund to investors in February, aiming at European and UK investors that would otherwise struggle to gain exposure to floating rate credit products.A spokesman for NB said that, despite raising more than planned, the company still expected to be fully invested within one to three ...
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