ICG announces new marketing hire
Intermediate Capital Group (ICG) has appointed a former Neuberger Berman institutional sales professional to head up marketing across parts of Europe

Dyal purchases minority stake in Cerberus's mid market credit unit
Neuberger Berman affiliate Dyal Capital Partners has purchased a minority stake in Cerberus Business Finance (CBF), the middle-market direct lending unit of Cerberus Capital Management

Athyrium and Neuberger Berman announce $2 billion close of healthcare fund
A healthcare-focused asset manager has announced announce the closing of Athyrium Opportunities Fund III, which is subadvised by NB Alternatives Advisers, the advisor to Neuberger Berman’s private equity business

US manager becomes latest to receive China private fund management license
US manager becomes the latest foreign firm to recieve an approval for the private fund management (PFM) license in China. 

Värde announces senior hire from Neuberger Berman
Värde Partners has announced the appointment of Ria Nova as head of its Americas business development and investor relations team

Ohio pension fund drops Penn after rewriting its allocation to high yield
The Ohio Police and Fire Pension Fund (OP&F) decided last month to drop Penn as part of its decision to downsize the high yield asset class, according to a fund announcement

Credit fundraising hits $11.1bn in September
$11.1 billion was raised for credit-orientated strategies in September, according to Creditflux’s fundraising tracker. Just over half of this ($5.6 billion) comes from direct lending funds

Neuberger keeps up private credit momentum as it markets new fund
Neuberger Berman is marketing its latest private credit strategy, with the firm launching Neuerger Berman Private Debt Fund III

Neuberger Berman targets corporate credit with $1.1 billion fund
Neuberger Berman closed a new credit fund yesterday, according to a statement from the firm

New York pension gets behind CLO manager's risk retention vehicle
The New York State Common Retirement Fund invested $450m in two credit funds in July, documents seen by Creditflux reveal

Dallas pension fund picks Neuberger Berman for opportunistic credit
Neuberger Berman has beaten off competition from a rival fixed income giant to win an opportunistic credit mandate

Healthcare credit fund wins $40 million from US endowment
Energy and health are two things that institutional investors value greatly in 2015

Neuberger Berman fund marketer joins large asset manager in London
A senior marketing official has recently left Neuberger Berman for a rival with a similar profile

High yield trader heads to Highland Capital
Dallas-based asset manager Highland Capital has hired a trader to serve as its primary bank loan, high yield bond and CDS trader

Two managers win big credit mandate as pension fund opts for old hands
A west coast pension fund that was eyeing a $1 billion push into credit has hired two large US managers