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 Edward.Berry@fticonsulting.com
+44 (0)203 727 1046
Carey Group, Company Secretary
Claire McSwiggan
+44 (0)1481 737 281

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