Overview
NB Distressed Debt Global’s primary objective is to provide investors with attractive risk-adjusted returns through long-biased, opportunistic, stressed, distressed and special situation credit-related investments while seeking to limit downside risk by, amongst other things, focusing on senior and senior secured debt with both collateral and structural protection.
Fundamentals
Price
Research History
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07 Jul 2020 7 min read
QuotedData’s Investment Companies Roundup – July 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over June: CQS New City High Yield – […]
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07 May 2020 4 min read
QuotedData’s Economic Roundup – May 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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11 Jul 2018 1 min read
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
News
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30 Apr 2025 2 min read
NB Distressed Debt reports on progress towards wind-up
NB Distressed Debt Investment Fund has published its 2024 annual report, providing an update on realisations, distributions, and plans for the fund’s eventual wind-down. The company reported mixed performance across its share classes during the year, though it says it has entered what it hopes will be the final stage of asset harvesting. Since inception, […]
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08 Nov 2024 1 min read
QuotedData’s morning briefing 8 November 2024 – BGLF, BPCR, WKP, NBDX, NBDG
In QuotedData’s morning briefing 8 November 2024: Blackstone Loan Financing (BGLF) has announced that further to the approval given by the company’s shareholders to enable compulsory redemptions of its redeemable ordinary shares and following the first redemption made by the company on 10 June 2024, BGLF has announced that it will return approximately €61m by […]
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31 Oct 2024 2 min read
QuotedData’s morning briefing 31 October 2024 – AUGM, NBDX, NBDG, CREI, AIRE, OIG
In QuotedData’s morning briefing 31 October 2024: Augmentum Fintech says nCino, a NASDAQ listed US digital banking platform, has agreed to acquire FullCircl. The deal implies a £6m valuation for Augmentum’s stake, which represents a 75% increase on the last published valuation of £3.4m as at 31 March 2024. Augmentum Fintech first acquired its interest […]
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26 Apr 2024 2 min read
QuotedData’s morning briefing 26 April 2024 – NBDD
In QuotedData’s morning briefing 26 April 2024: NB Distressed Debt has published its annual results for the year ended 31 December 2023. As a reminder, each share class is in its harvest period and there is now very little left of the fund. Perhaps reflecting this, there is not the usual depth of information that […]
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27 Apr 2023 2 min read
QuotedData’s morning briefing 27 April 2023
In QuotedData’s morning briefing 27 April 2023: Literacy Capital (BOOK) says its 31 March 2023 NAV was 467.3p, up 11.1% over the first three months of the year from 420.6p at the end of December. RCI (+£18.6m) was again the most significant contributor in the quarter, driven by strong organic growth. Kernel Global added £8.4m […]
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17 Apr 2023 1 min read
QuotedData’s morning briefing 17 April 2023
In QuotedData’s morning briefing for 17 April 2023: RTW Venture Fund (RTW) has announced that its largest holding, Prometheus Biosciences (equal to c14.8% of RTW’s NAV) has been acquired by Merck for $200 per share, a 75% premium to its prior closing price. This would value Prometheus at c.$10.8bn. Prometheus is a clinical-stage biotechnology company […]
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08 Nov 2022 2 min read
QuotedData’s morning briefing 8 November 2022
In QuotedData’s morning briefing 8 November 2022: Triple Point Energy Transition (TENT) has made its first energy efficient lighting investment. TENT has provided funding of £1m to a lighting solutions provider, which has installed efficient lighting and controls at a large retail logistics specialist. TENT will receive a contractual income from the logistics specialist over […]
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26 Aug 2022 3 min read
QuotedData’s morning briefing 26 August 2022
In QuotedData’s morning briefing 26 August 2022: Greencoat UK Wind (UKW) has completed the acquisition of a net 12.5% stake in Hornsea 1 offshore wind farm, as previously announced on 16 May 2022 (click here to read our coverage of the announcement). JZ Capital Partners (JZCP) has announced that, subject to the satisfaction of certain […]
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15 Apr 2021 2 min read
NB Distressed still in distress
NB Distressed still in distress – NB Distressed Debt Investment Fund has published results for the year end 31 December 2020. The fund is in wind-up mode and so the focus is on maximising proceeds from the portfolio and getting that back to investors. There are three principal share classes – ordinary shares (NBDD), extended life […]
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18 Mar 2021 2 min read
QuotedData’s morning briefing 18 March 2021
In QuotedData’s morning briefing 18 March 2021: NB Distressed Debt says its investment manager, Neuberger Berman Europe Limited, has offered to waive its entitlement to receive its management fee with immediate effect. The chairman says “The fee waiver recognises that it is taking longer than expected to fully realise the company’s assets due to a number […]
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26 May 2020 1 min read
QuotedData’s morning briefing 26 May 2020
In QuotedData’s morning briefing 26 May 2020, as the lockdown begins to ease: FastForward Innovations says its medicinal cannabis investment, Emmac Life Sciences will manufacture product for a clinical trial as part of a Consortium led by the University of Valencia. The clinical trial in COVID-19 patients will use the T12 molecule to prevent disease progression […]
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28 Aug 2019 1 min read
QuotedData’s other news 28 August 2019
In QuotedData’s other news 28 August 2019 – Hipgnosis Songs Fund settled for £51.1m of new money – issuing 48.4m shares at 105.5p. NB Distressed Debt Investment Fund has compulsorily redeemed on a pro rata basis 5,418,379 NBDX shares at a price of $0.9213 per NBDX share and 2,833,485 NBDG shares at a price of GBP0.8800 […]
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23 Aug 2019 1 min read
QuotedData’s other news 23 August 2019
In QuotedData’s other news 23 August 2019: Africa Opportunity shrinks board – Chris Agar, Dr. Vikram Mansharamani, and Mr. Peter Mombaur resign as directors with effect from 22 August 2019 so that the trust can save money. We have a raft of half-year reports: BMO Private Equity made 2.4% in NAV terms and 13.7% in share […]
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18 Feb 2019 2 min read
NB Distressed Debt sells largest holding for €34m
NB Distressed Debt has announced the sale of its combined largest holding, a lodging and casino sector investment, for proceeds totalling approximately $34 million. It says that the sale price is “substantially equal to the carrying value in the most recent Net Asset Value announcements” and represents a gain of approximately $9 million over the […]
