| Item 1. | |
| (a) | Name of issuer:
NB Asset-Based Credit Fund |
| (b) | Address of issuer's principal executive offices:
1290 AVENUE OF THE AMERICAS, NEW YORK, New York, 10104 |
| Item 2. | |
| (a) | Name of person filing:
This statement is filed by Neuberger Berman Group LLC, referred to herein as the "Reporting Person". |
| (b) | Address or principal business office or, if none, residence:
1290 AVENUE OF THE AMERICAS, NEW YORK, NY, 10104 |
| (c) | Citizenship:
See response to row 4 on the cover page. |
| (d) | Title of class of securities:
Common Shares of Beneficial Interest, Institutional Shares |
| (e) | CUSIP No.:
63945N105 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
|
| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
|
| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
|
| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
|
| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
|
| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
|
| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
|
| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
|
| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
|
| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
|
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
|
| | |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
See response to row 9 on the cover page.
The reported securities represent (i) 6,845,583 Institutional Class Shares held directly by the Reporting Person and (ii) 10,000 Institutional Class Shares acquired in the initial seed investment in the Issuer and held directly by NB Europe Holdings LLC, a subsidiary of the Reporting Person. The filing of this statement shall not be construed as an admission that the Reporting Person or NB Europe Holdings LLC are the beneficial owners of any of the securities covered by this statement. |
| (b) | Percent of class:
See response to row 11 on the cover page. |
| (c) | Number of shares as to which the person has:
|
| | (i) Sole power to vote or to direct the vote:
See response to row 5 on the cover page.
|
| | (ii) Shared power to vote or to direct the vote:
See response to row 6 on the cover page.
|
| | (iii) Sole power to dispose or to direct the disposition of:
See response to row 7 on the cover page.
|
| | (iv) Shared power to dispose or to direct the disposition of:
See response to row 8 on the cover page.
|
| Item 5. | Ownership of 5 Percent or Less of a Class. |
| | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
| |
Not Applicable
|
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
| |
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
The information set forth in Item 4 is incorporated by reference into this Item 7. |
| Item 8. | Identification and Classification of Members of the Group. |
| |
Not Applicable
|
| Item 9. | Notice of Dissolution of Group. |
| |
Not Applicable
|
Rule 13d-1(d)