NB Distressed Debt Investment Fund has raised its maximum limit on investments in Europe, The Wall Street Journal reports. The debt fund has raised the cap on investment in non-U.S. or Canadian companies to 30% from a previous 10%.

The vehicle presently invests in the utilities, lodging, healthcare and commercial mortgages and building and development sectors. The fund was launched by New York-based Neuberger Berman in June 2010.

Click here for the story from The Wall Street Journal.