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PC · PRIVATE CREDIT

Neuberger Asset-Based Credit Fund

Neuberger Berman · Interval Fund

Program Overview

Interval Fund
Neuberger Asset-Based Credit Fund
Peer Group Filters
Objectives
Income
Asset Class
Private Credit
Vehicle
Interval Fund
Single / Multi Asset
Multi-Asset
Sponsor/Manager
Asset Class
Private Credit
Issuer
Neuberger Asset-Based Credit Fund
Issuer Legal Structure
Delaware Statutory Trust
Program Life Structure
Evergreen
Target Leverage
Maximum 33% debt-to-total-assets 300% asset coverage on debt (512% at 6/30/26). Sun Life credit line, $50M committed, $23.7M drawn at SOFR + 2.125%, first-priority lien on all assets of two borrower subsidiaries; plus $12.1M reverse repos. Reverse repos and derivatives may sit outside the Section 18 limit.
Strategy Risk/Return Profile
-
Managing Broker-Dealer
Scale
9,646,018 Institutional Class shares outstanding
Minimum Investment
$2,500
Institutional Class Shares · waivable
Strategy Overview

The prospectus states the Fund seeks a high level of current income from a short-duration portfolio of asset-based credit, targeting about 1.5 years weighted average duration. At least 80% of net assets plus investment borrowings go to asset-based credit: consumer and small business loans and receivables, corporate asset-based loans, royalty and receivable-backed loans, loans on physical assets, and securitized credit (ABS, RMBS, CMBS, CLOs). It buys loans from fintech and specialty finance platforms and originates directly, from senior secured to unsecured, distressed and equity, and uses credit lines, reverse repos and derivatives for leverage.

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