Neuberger Berman Loan Advisers Europe II LP

Neuberger Berman Loan Advisers Europe II LP (NBLA Europe II) serves as the named collateral manager for Euro‑denominated collateralized loan obligation (CLO) transactions and related warehouse and repurchase facilities, providing discretionary collateral management, trading and origination/sponsorship activities under each CLO’s offering documents. Its clients are the CLO issuers and their investors, which the brochure describes as private‑placement institutional investors (e.g., qualified institutional buyers and certain non‑U.S. persons) and anticipates a broad range of institutional investors subject to applicable securitisation rules.

NBLA Europe II manages CLO assets through a multi‑series structure and delegates research, credit analysis, middle and back‑office support and shared employees to its affiliate Neuberger Berman Investment Advisers LLC (NBIA), while an internal investment committee retains final responsibility for collateral parameters and asset approvals. As part of its role the firm takes structural positions in transactions — holding regulatory retention interests and issuing or purchasing preferred‑return and performance‑linked notes — and says it integrates fundamental, macroeconomic and financially material ESG analysis into its credit evaluation.

The firm’s operating model is notable for the degree of affiliate integration and the range of regulated roles across the group: the brochure discloses an affiliated broker‑dealer used in distribution (including municipal securities dealer registration) and affiliated entities registered with U.S. derivatives regulators, and NBLA Europe II routinely relies on those affiliates for sourcing, execution and distribution. That combination — active origination/sponsorship, ownership of retention and performance‑linked interests, management of pooled CLO vehicles, and expected investor types such as banks, insurance undertakings, pension schemes and other institutional investors subject to EU/UK securitisation rules — distinguishes NBLA Europe II from many single‑strategy collateral managers.