. NB Debt Fund Increases Euro Investments
The Wall Street Journal (HF)
NB Distressed Debt Investment Fund has raised its maximum limit on investments in Europe, The Wall Street Journal reports. The debt fund has raised the cap on investment in non-U.S. or Canadian companies to 30% from a previous 10%.
The vehicle presently invests in the utilities, lodging, healthcare and commercial mortgages and building and development sectors. The fund was launched by New York-based Neuberger Berman in June 2010.
Click here for the story from The Wall Street Journal.
