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Press Release

Neuberger Berman Closes $450 Million CLO Risk Retention Vehicle

July 27, 2017

Media Contact:

Alex Samuelson, 212 476 5392, Alexander.Samuelson@NB.com

NEW YORK, July 27, 2017 — Neuberger Berman, a private, independent, employee-owned investment manager, today announced the final closing of its CLO risk retention vehicle, Neuberger Berman Loan Advisers, with approximately $450 million of committed capital.

Through Neuberger Berman Loan Advisers, Neuberger Berman has partnered with its investors to provide strategic capital to its CLO management business in order to comply with US and EU CLO risk retention rules. Neuberger Berman and predecessor firms have served as collateral manager on 24 CLOs since 2004.

Commenting on the final closing, Brad Tank, CIO of Fixed Income said, “We are very excited to be able to partner with a number of our key investors on our CLO management business going forward. Our CLO management platform is an integral part of our $42 billion Non-Investment Grade Credit business. Neuberger Berman Loan Advisers allows us to continue to be an active CLO issuer over the next several years while at the same time providing our investors an opportunity to invest in the platform alongside us. We believe that the combination of our Non-Investment Grade Credit team’s experience and the vehicle’s strategic capital will position our CLO management business well for the future.”

Neuberger Berman’s Fixed Income business has $123 billion in assets under management across Global Investment Grade, Global Non-Investment Grade, Emerging Markets, Opportunistic/Unconstrained, and Municipals.

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 19 countries, Neuberger Berman’s team is approximately 1,900 professionals, as of June 30, 2017. The company was named the #1 firm in Pensions & Investments 2016 Best Places to Work in Money Management survey (among those with 1,000 employees or more). Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $271 billion in client assets as of June 30, 2017. For more information, please visit our website at www.nb.com.

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