Neuberger Berman's $1B Investment In Wayflyer Set To Transform E-commerce Lending
Portfolio Pulse from Khyathi Dalal
E-commerce finance provider Wayflyer has signed a $1 billion off-balance sheet funding deal with investment firm Neuberger Berman (NYSE:NBXG). The funding will support Wayflyer's growth and expand its financing solutions. The agreement involves a potential acquisition of up to $1 billion in assets from funds administered by Neuberger Berman, with no specified timeframe for the transaction.
September 06, 2023 | 6:09 pm
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POSITIVE IMPACT
Neuberger Berman's $1 billion investment in Wayflyer could potentially increase the firm's assets under management and diversify its portfolio.
The investment in Wayflyer could potentially increase Neuberger Berman's assets under management and diversify its portfolio. This could attract more investors to the firm, potentially driving up its stock price in the short term.
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