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Press Release

Neuberger Berman Closes $8.1B Private Debt Fund IV

New York, September 8, 2022 – Neuberger Berman, a private, independent, employee-owned investment manager, announced the final close of NB Private Debt Fund IV (the “Fund”). The Fund raised $8.1 billion, inclusive of leverage, exceeding its original $5 billion target. NB Private Debt Fund IV is 63% invested or committed.

Neuberger Berman Private Debt focuses on performing senior secured loans to North American private equity-owned companies. The companies typically have $20 to $100 million of cash flow. Neuberger Berman Private Debt looks to invest up to $500 million per investment.

Currently, Neuberger Berman Private Debt manages $13.1 billion and is invested in more than 130 private equity-owned portfolio companies. Matthew Bird, Head of Investments, Neuberger Berman Private Debt, said of the Fund, “As both an LP investor in private equity funds and a direct lender, we have been able to see many investment opportunities while remaining very selective.”

Neuberger Berman Private Debt Fund IV LP’s global investor base is comprised of more than 110 institutions, including public and private pensions, and insurance companies, from the United States, Canada, Europe, Korea, Japan, Australia and Singapore.

“We’re grateful for the ongoing support and trust that our investors continue to place in Neuberger Berman’s Private Debt group. More than half the institutional investors in NB Private Debt III committed to NB Private Debt Fund IV. Over 80% of those investors increased or maintained their commitment size from NB Private Debt Fund III.” said Susan Kasser, Portfolio Manager for Neuberger Berman Private Debt.

Additional information about the entire Neuberger Berman Private Credit platform can be found here.

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 25 countries, Neuberger Berman’s diverse team has over 2,500 professionals. For eight consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes. The firm manages $418 billion in client assets as of June 30, 2022. For more information, please visit our website at

Media Contacts:

(Americas) Alex Samuelson, 212.476.5392,