Neuberger Berman Group LLC 4
4 · NB Asset-Based Credit Fund · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
NB Asset‑Based Credit Fund — Neuberger Berman (10% Owner) Buys $8M
What Happened
Neuberger Berman Group LLC, reported as a 10% owner of NB Asset‑Based Credit Fund (NONE), purchased 797,607.178 shares on 2026-02-04 at $10.03 per share, for a total reported value of $8,000,000. The filing records this as a purchase (code P), an open‑market or private purchase; purchases are generally viewed as more informative than routine sales.
Key Details
- Transaction date and price: 2026-02-04 at $10.03 per share. Total value: $8,000,000.
- Transaction type: Purchase (code P) — described as "open market or private purchase."
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnotes of note:
- F1: Securities were acquired in respect of the reporting person’s prior commitment.
- F2: On Feb 21, 2025, NB Europe Holdings LLC (a Neuberger Berman subsidiary) seeded the Fund with 10,000 Institutional Class Shares for $100,000 to comply with Section 14(a) of the Investment Company Act.
- Filing timeliness: Report filed 2026-02-06 for a 2026-02-04 transaction — no late filing indicated.
Context
This transaction was made by a 10% institutional owner, not an individual executive. The footnote that the purchase was made "in respect of the Reporting Person's prior commitment" suggests it may reflect a contractual or capital‑allocation obligation rather than an ad hoc market bet. Retail investors should view the purchase as a material institutional investment but not necessarily as a direct endorsement by company management.
Insider Transaction Report
- Purchase
Common Class of Beneficial Interest, Ins., Shares
[F1]2026-02-04$10.03/sh+797,607.178$8,000,000→ 8,383,734.372 total
- 10,000(indirect: See footnote)
Common Class of Beneficial Interest, Ins., Shares
[F2]
Footnotes (2)
- [F1]The reported securities were acquired in respect of the Reporting Person's prior commitment.
- [F2]On February 21, 2025, in order to comply with Section 14(a) of the Investment Company Act of 1940, as amended, NB Europe Holdings LLC, a subsidiary of Neuberger Berman Group LLC, provided the initial seed investment in the Fund by acquiring 10,000 Institutional Class Shares for $100,000.