Holmberg, who will be based in Chicago, joins Neuberger Berman’s integrated Leveraged Asset Management platform, which will be extending its product offerings to include distressed credit securities, a release said. Before joining Neuberger Berman, Holmberg founded Chicago-based Newberry Capital Management LLC, which focused on managing distressed credit-related assets for institutional clients.
Holmberg is bringing with him to Neuberger a team of four other investment professionals from Newberry Capital.