Neuberger Berman is an investment-management firm with public- and private-market strategies.
Neuberger Specialty Finance is its asset-based finance investment team, not a separate bank. Upstart’s June 2026 announcement describes a loan-investment arrangement.
Upstart connects borrowers, originating institutions and loan investors through automated lending software. Its 2026 results show growth alongside retained credit exposure; conditional approval for a proposed bank is separate from permission to begin operations.
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