Added to YB: 2025-07-16
Pitch date: 2025-07-15
NBDG.L [bullish]
NB Distressed Debt Investment Fund Limited
+18.75%
current return
Author Info
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Company Info
As of December 04, 2025, NB Distressed Debt Investment Fund Limited has gone out of business. NB Distressed Debt Investment Fund Limited is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman Europe Limited.
Nub Dug NBDG Reincarnation
NBDG.L: Closed-end fund in wind-down trading at 46.7% discount to NAV (31.5p vs 37.8p). Two premium assets remain: Madrid's Puerta America Hotel (315 rooms, €50M-€150M valuation potential) and Commercial Mortgage. 23% of portfolio is cash awaiting tender, likely reducing outstanding shares soon. Wind-down may complete in 2025.
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