NB Distressed Debt Investment Fund Ltd : Portfo...

3 March 2015

NB Distressed Debt Investment Fund Limited

Senior Analysts Brendan McDermott and Ravi Soni promoted to Co-Portfolio Managers

NB Distressed Debt Investment Fund Limited (the "Company") announces that the Company's senior analysts Brendan McDermott and Ravi Soni have been promoted to co-portfolio managers for distressed debt, effective immediately.  Mr. McDermott and Mr. Soni report to Michael Holmberg, Senior Portfolio Manager and head of Neuberger Berman's distressed debt business. 

The Company also announces that Patrick Flynn, co-portfolio manager of the Company, will return to Neuberger Berman's High Yield business at the end of 2015 as one of four high yield co-portfolio managers.  Over the next ten months his responsibilities at the Company will be assumed by Mr. Holmberg and the distressed debt team. 

Mr. Holmberg joined Neuberger Berman in 2009 to lead and build the distressed debt business.  Today, Mr. Holmberg and team oversee approximately $950 million in committed capital across five distressed debt vintages.  Over time the team has expanded including the recent additions of dedicated credit analysts Jan-Bart De Groote and Matthew Maloney. 

Enquiries:
Edward Berry
[e-mail]
[phone]

Carey Group, Company Secretary
Claire McSwiggan
[phone]

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NB Distressed Debt Investment Fund Ltd via Globenewswire

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