Description

The NB Distressed Debt Investment Fund Limited operates as a closed-ended investment vehicle specializing in fixed income. Its management is a collaborative effort between Neuberger Berman Europe Limited, which launched the fund, and Neuberger Berman Investment Advisers, LLC, acting as co-manager. The fund's core strategy involves targeting credit-related opportunities arising from distressed situations and special events within global fixed income markets. This includes a particular focus on senior and senior secured debt, which benefit from both collateral backing and structural safeguards. Its portfolio comprises investments in companies exhibiting financial vulnerability, such as those with strained balance sheets, depressed implied enterprise valuations, or active liquidity crises. It also capitalizes on corporate activities like proposed mergers, divestitures, and other significant organizational shifts across various industry sectors. To assess its performance, the fund benchmarks its investment returns against the HFRI Distressed/Restructuring Index. Established on April 20, 2010, the NB Distressed Debt Investment Fund Limited is domiciled in Guernsey.