Neuberger Berman has declared the final close of its NB Specialty Finance Fund III LP, successfully raising $1.6 billion.
This fund surpassed its $1 billion target during the final fundraising round and is currently 45% deployed.
The investment strategy focuses on high-yield, short-duration asset-based finance, primarily targeting the receivables, small business, consumer, and hard assets sectors. The global NB Specialty Finance team overseeing this strategy has locations in New York, Redwood City, London, and Tel Aviv.
