NB Distressed Debt Inv Extended Life
NBDX
Other OTC- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Apr 9, 2013
- Similar Companies
- Business
- NB Distressed Debt Investment Fund Limited - Extended Life (NBDX) is a Guernsey-based closed-end investment company that provides investors with attractive risk-adjusted returns through long-biased, opportunistic exposure to stressed, distressed, and special situation credit-related investments; it focuses primarily on senior and senior secured debt backed by collateral and structural protections to limit downside risk. The fund invests across diverse sectors including surface transport, oil and gas, containers and packaging, commercial mortgages, and financial intermediaries; its portfolio targets companies facing stressed balance sheets, liquidity crises, proposed mergers, divestitures, or other corporate events, with holdings diversified across 40 to 50 positions benchmarked against the HFRI Distressed/Restructuring Index. Geographically, it operates with investments in countries such as the United States, Brazil, Luxembourg, Spain, and the Netherlands; the company is managed by Neuberger Berman Europe Limited, with Neuberger Berman Investment Advisers LLC serving as the alternative investment fund manager. Incorporated in 2010 and launched as an extended life share class on April 9, 2013, the fund is headquartered at 1st Floor, Tudor House, Le Bordage, Saint Peter Port, Guernsey GY1 1DB. In recent developments, the fund published its 2024 annual report highlighting progress toward wind-down, with two asset realisations in the NBDX class contributing to a total of 159 exits since inception and capital distributions of US$0.1242 per share paid in December 2024; NAV per share for NBDX declined 10.1% to US$0.9271 amid markdowns in key holdings, while cumulative returns since inception reached US$333.0 million or 93% of original capital. Neuberger Berman has waived management fees since March 2021 to preserve capital during liquidation preparations, with the board favoring redemptions over buybacks and targeting final compulsory redemptions once 90% of total value is returned, potentially followed by liquidator distributions; as of late 2025, the fund anticipates entering its final liquidation stage, with NBDD expected first ahead of NBDX.