The fund is aimed at providing investors with sustainable regular dividends and long-term capital growth through a global portfolio of senior secured bank loans.

Target annualised yield per share for the first full year of investment is around 5%.

It will be a closed-ended investment company registered and incorporated in Guernsey.

Joe Lynch, Neuberger Berman’s MD, said, ‘We are excited to bring our bank loan investment expertise to European investors and believe the timing of the launch of this fund will mean it is well placed to take advantage of an attractive opportunity in the senior bank loan market.

‘With favourable market conditions and our experienced team we believe we are ideally positioned to capture potentially attractive, risk-adjusted returns for investors.’

It will be New York asset manager Neuberger Berman’s third London-listed investment company.

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