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About the company
NB Distressed Debt Investment Fund Limited is a Guernsey-based closed-end investment company. The Company's primary objective is to provide investors with attractive risk-adjusted returns through long-biased, opportunistic exposure to stressed, distressed and special situation credit-related investments while seeking to limit downside risk by, amongst other things, focusing on senior and senior secured debt with both collateral and structural protection. It invests in various sectors, including auto components, building and development, commercial mortgage, containers and packaging, financial intermediaries, lodging and casinos, oil and gas, shipping and surface transport. It invests in various countries, including United States, the Marshall Islands, Luxembourg, Spain and the Netherlands. The Company is managed by Neuberger Berman Europe Limited. The Company’s alternative investment fund manager is Neuberger Berman Investment Advisers LLC.
- Revenue in USD (TTM)2.90m
- Net income in USD2.97m
- Incorporated2010
- Employees0.00
- LocationNB Distressed Debt Inv Extended Life1st Floor, Tudor House, Le Bordage,SAINT PETER PORT GY1 1DBGuernseyGGY
- Phone+44 1 481700300
- Websitehttps://www.nbddif.com/
Profile
| Management group(s) | Neuberger Berman |
|---|---|
| AIC sector | Debt - Loans & Bonds |
| ISIN | GG00BR88RQ95 |
| Launch date | 09 Apr 2013 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | USD |
Objective
To provide investors with attractive risk-adjusted returns through long-biased, opportunistic exposure to stressed, distressed and special situation credit-related investments while seeking to limit downside risk by, amongst other things, focusing on senior and senior secured debt with both collateral and structural protection.
Managed by
| Michael Holmberg, Brendan McDermott, Ravi Soni |
|---|
Management & contract fees
Manager is entitled to a management fee, which shall accrue daily, and be payable monthly in arrears, at a rate of 0.125% per month of the NAV
| Holder | Shares | % Held |
|---|---|---|
| M&G Investment Management Ltd.as of 31 Dec 2022 | 9.27m | 20.95% |
| Witan Investment Trust Plc (Investment Management)as of 22 Nov 2022 | 7.15m | 16.15% |
| Alder Investment Management Ltd.as of 30 Apr 2024 | 1.88m | 4.25% |
| Insight Investment Management (Global) Ltd.as of 29 Sep 2023 | 1.55m | 3.50% |
| Brooks Macdonald Asset Management Ltd.as of 31 Jan 2022 | 638.36k | 1.44% |
