Neuberger Berman Adds Susan Kasser to Head Private Debt Team

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NEW YORK, April 15, 2013 – Neuberger Berman, one of the world's leading employee-controlled asset managers, is pleased to announce the addition of Susan Kasser as Managing Director and Head of Private Debt at Neuberger Berman Alternatives. Ms. Kasser joined Neuberger Berman in March and is based in New York.

Neuberger Berman's Private Debt business is focused on building portfolios of attractive yield-oriented investments, including uni-tranche, second lien and mezzanine, and financing portfolio companies of private equity investors. The Private Debt business is a part of Neuberger Berman Alternatives, a prominent private equity limited partner and an experienced direct equity co-investor. Neuberger Berman Alternatives has approximately 60 investment professionals in its integrated private equity platform, which consists of capabilities across primary and secondary fund investments as well as direct debt and equity investments in transactions led by financial sponsors.

Ms. Kasser joins Neuberger Berman from The Carlyle Group, where she was a founding member of Carlyle Mezzanine Partners. In her prior role, she focused on investing in privately negotiated junior debt and equity securities of middle market and large cap leveraged buyouts, recapitalizations and growth financings across multiple industries. Prior to Carlyle, she worked at Goldman Sachs in several groups, including Leveraged Finance, Private Equity and Global Investment Research. Ms. Kasser received an MA in International Economics and Finance and a BA in Philosophy from Brandeis University, where she graduated magna cum laude and Phi Beta Kappa. She holds the designation of Chartered Financial Analyst.

"The breadth of Susan's industry experience as a deal leader will enable us to further develop and enhance yield-oriented investment solutions for our clients," said Anthony Tutrone, Managing Director and Global Head of Neuberger Berman Alternatives, which manages approximately $18 billion for institutions and individuals. "By expanding our dedicated effort focused on financing private equity transactions, we are also broadening the partnership between Neuberger Berman Alternatives and the private equity community."

About Neuberger Berman

Neuberger Berman is a private, independent, employee-controlled investment manager. It partners with institutions, advisors and individuals throughout the world to customize solutions that address their needs for income, growth and capital preservation. With more than 1,800 professionals focused exclusively on asset management, it offers an investment culture of independent thinking. Founded in 1939, the company provides solutions across equities, fixed income, hedge funds and private equity, and had $205 billion in assets under management as of December 31, 2012. For more information, please visit our website at www.nb.com.