Neuberger Berman Loan Advisers IV LLC (NBLA IV) manages collateralized loan obligations (CLOs). NBLA IV's services are limited to CLOs and include approving collateral management parameters, participating in credit reviews, and approving asset purchases and sales. NBLA IV primarily works with qualified institutional buyers and accredited investors.
NBLA IV does not directly manage investments for individual investors. NBLA IV receives senior and subordinated management fees from the CLOs it manages. NBLA IV also purchases Preferred Return Notes and Performance Notes from each CLO.