Asset manager Neuberger Berman, which once belonged to failed investment bank Lehman Brothers, plans a London listing for its first fund dedicated to distressed debt, according to the Financial Times.

The privately held company is looking to raise more than $150 million from the listing that could take place in the next few months, the paper reported, quoting unnamed sources.

The money management firm has emerged from the wreckage of Lehman Brothers, which went bankrupt in September 2008, due to an employee-led buyout last year. It holds $158 billion dollars in client assets.