Neuberger Asset‑Based Credit Fund — Neuberger Berman Group LLC Buys 195,122 Shares

What Happened

• Neuberger Berman Group LLC, reported as a 10% owner of Neuberger Asset‑Based Credit Fund (NONE), made an open‑market/private purchase (code P) of 195,121.951 shares on 2026‑08‑07 at $10.25 per share, for a total reported value of $2,000,000. This is a purchase (often viewed as a bullish signal), but the filing’s footnotes indicate the shares were acquired in respect of a prior commitment.

Key Details

• Transaction date and price: 2026‑08‑07 — 195,121.951 shares @ $10.25/share (total $2,000,000).
• Form filed: Report filed 2026‑08‑11 (Accession No. 0001140361-26-032278).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — acquisition related to the reporting person’s prior commitment. F2 — notes that on 2025‑02‑21 NB Europe Holdings LLC (a Neuberger Berman subsidiary) provided the Fund’s initial seed investment (10,000 Institutional Class Shares for $100,000).
• Timeliness: The Form 4 was filed four days after the reported transaction date (Aug 11 vs Aug 7), which appears to exceed the typical two‑business‑day filing window for Form 4s.

Context

• This is an institutional purchase by a 10% owner (Neuberger Berman Group LLC and affiliates), not trading by an individual executive. The footnotes suggest the purchase relates to prior commitments/seed investment activity rather than a one‑off insider bet; such transactions can reflect portfolio or fund management decisions rather than personal sentiment.