Neuberger Berman Loan Advisers IV LLC

The vehicle is managed by the Neuberger Berman private credit team, which is led by senior investment professionals including Joseph Amato (President and CIO — Equities) and George H. Walker (Chairman and CEO of the parent firm). Day-to-day loan origination and portfolio management decisions are made by dedicated credit officers within the firm (per Neuberger Berman public disclosures).

It is a limited liability company registered as a business development company (BDC) under the Investment Company Act of 1940. As a BDC, it must invest at least 70% of its assets in qualifying assets — primarily private, middle-market companies — and distribute at least 90% of its taxable income to shareholders. This structure provides retail and institutional investors access to private credit with regulatory oversight (per SEC filings).

Both. The vehicle invests in a mix of directly originated senior secured loans to middle-market companies and broadly syndicated loan positions. It also allocates to CLO mezzanine and equity tranches as part of its structured credit component. The strategy is designed to navigate liquidity, yield, and risk across private and public credit markets (per the firm's investment management description).