Neuberger Berman Raises $7 Billion for Private Credit Fund

Neuberger Berman raised $7.3 billion for the final close of its fifth private credit fund, according to an emailed statement.

The fund will invest in senior secured, first-lien unitranche loans to companies backed by private equity across North America. The raise for NB Private Debt V is inclusive of leverage, Neuberger said in the statement.