Neuberger Berman launches specialty finance group

Neuberger Berman launches specialty finance group
Investment management firm names Peter Sterling to head the new group.
MAY 02, 2018
Neuberger Berman has launched a specialty finance group and hired Peter Sterling as a managing director and head of the new group, spokesman Alexander Samuelson said. The Neuberger Berman Specialty Finance group will seek assets within the consumer, small business and bridge loan sectors to build short-duration, income-producing credit portfolios for its clients, the news release said. The group will partner with loan originators to create these diversified portfolios and leverage internal research and data to position portfolios for the current economic climate. NBSF will work with Samuel Porat, a managing director responsible for alternative yield strategies at Neuberger Berman, as well as David Kupperman and Jeff Majit, both managing directors, who co-manage the firm's alternative investment management team. "Building the business within Neuberger Berman's existing infrastructure gives us several competitive advantages on top of our team's existing relationships and experience," Mr. Sterling said in the release. "As the alternative credit industry has matured, access to high-quality deals and strong investor partnerships will be a key ingredient to success." Mr. Sterling was president of Coastland Capital, which terminated its registration with the Securities and Exchange Commission in January. Neuberger Berman managed $299 billion in assets as of March 31. James Comtois is a reporter at InvestmentNews' sister publication, Pensions&Investments.

Latest News

Investors wins lawsuit against Atlanta B-D over tax shelter investment, potentially a first
Investors wins lawsuit against Atlanta B-D over tax shelter investment, potentially a first

InvestmentNews reported in 2017 that the IRS was scrutinizing the tax shelter land deals, called syndication conservation easements.

Pontera unveils non-discretionary advice tools in continued retirement platform buildout
Pontera unveils non-discretionary advice tools in continued retirement platform buildout

Advisors gain a second workflow for 401(k) guidance as the fintech expands beyond bulk rebalancing, backed by new policy research on advice access.

HSA balances hit record high, but are clients using them wrong?
HSA balances hit record high, but are clients using them wrong?

New data shows most people do not have enough saved to cover costs and are not fully utilizing their accounts.

Advisor moves: LPL, Cetera, Raymond James, NewEdge Wealth
Advisor moves: LPL, Cetera, Raymond James, NewEdge Wealth

Firms announce new recruits this week, with teams overseeing hundreds of millions in client assets switching affiliations.

Stratos Wealth adds $400M with RPI Financial Life Planners
Stratos Wealth adds $400M with RPI Financial Life Planners

It’s the 12th deal for Stratos since SEI's investment and follows 11 acquisitions worth $4.8B in 2025.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income