About This Fund
NB Private Debt V, managed by Neuberger Berman, closed on approximately US$7.3 billion (including leverage) at final close, surpassing its original target and underscoring the strong investor demand for the firm’s direct lending platform. The fund is focused on senior secured, first‑lien and unitranche loans to private equity‑owned companies in the United States, leveraging the firm’s deep relationships with sponsors and long track record of direct origination and lead positions. Building on Neuberger Berman’s private debt business, which already manages tens of billions across evergreen and closed‑end vehicles and leads or co‑leads the vast majority of originated loans, this fund aims to deploy significant capital efficiently and selectively. While the investor base is global—spanning North America, South America, Europe, the Middle East and Asia—the deployment strategy is oriented toward U.S. platforms where the firm has scale and operational reach in the direct lending market.