Neuberger Berman Launches Municipal Impact Fund

There’s still time to join us for Connect Apartments on June 26th in Los Angeles. Here’s a link to find out more about the conference and to register.

Neuberger Berman has introduced a municipal impact fund that will seek to finance projects supporting positive social and environmental outcomes, with a bias to underserved communities. Low-income housing, developing mass transit and other green infrastructure, and constructing or refurbishing public school facilities are among the possible areas of investment.

The firm believes that material environmental, social and governance characteristics can be important drivers of long-term investment returns, from both an opportunity and a risk-mitigation perspective.

“For many of our clients, making investments that seek a positive social and environmental impact is an important consideration in conjunction with investment performance,” said James Iselin, Neuberger Berman’s head of municipal fixed income. “We believe that the municipal space is a natural segment of the market for impact investing, as there are a number of bonds in the municipal market that finance projects that contribute to positive outcomes for underserved populations.”

For comments, questions or concerns, please contact Paul Bubny