Neuberger Berman launches CLO income fund

Launches with £60m of seed capital

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