Neuberger Berman Loan Advisers (NBLA) manages collateralized loan obligations (CLOs). NBLA's services are limited to CLOs, and it does not directly manage investments for individual investors. NBLA's responsibilities include approving collateral management parameters, participating in credit reviews, and approving asset purchases and sales for the CLOs.
NBLA does not directly manage investments for individual investors. NBLA receives senior and subordinated management fees from the CLOs it manages. NBLA also purchases notes from each CLO, entitling NBLA to a preferred return and a performance return.