Neuberger Berman raises over $1.6bn for Specialty Finance Fund III

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Neuberger Berman raises over $1.6bn for Specialty Finance Fund III

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 a…