Neuberger Berman launches CLO income fund

Launches with £60m of seed capital

Mike Sheen
Head of EMEA and Latin America at Neuberger Berman Dik van Lomwel

Head of EMEA and Latin America at Neuberger Berman Dik van Lomwel

Neuberger Berman has launched a fund investing primarily in collateralised loan obligations (CLO) mezzanine debt securities, with a focus on providing income, amid "significant interest from clients", Investment Week can reveal.

The Dublin-domiciled UCITS fund aims to generate a positive risk-adjusted return relative to comparably-rated corporates with minimal duration by investing primarily in US dollar and euro-denominated floating...

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