Description

NB Distressed Debt Investment Fund Limited operates as a closed-ended investment vehicle, focusing on fixed income assets. It is primarily overseen by Neuberger Berman Europe Limited, with Neuberger Berman Investment Advisers, LLC serving as a co-manager. The fund's mandate involves allocating capital to fixed income markets worldwide, specifically targeting securities issued by entities across various industries. A significant portion of its strategy is dedicated to credit-related investments arising from distressed or special situations, often comprising senior and senior secured debt fortified by both collateral and structural safeguards. The portfolio's composition heavily emphasizes companies grappling with financial duress, indicated by factors such as strained balance sheets, diminished implied enterprise value, liquidity shortages, or upcoming corporate actions like mergers and divestitures. Performance for this fund is measured against the HFRI Distressed/Restructuring Index. NB Distressed Debt Investment Fund Limited commenced operations on April 20, 2010, and is domiciled in Guernsey.