Notes to Editors
Babson Capital Europe
- Babson Capital Europe is a fully owned, indirect subsidiary of Babson Capital Management LLC, a US based investment management firm and part of the MassMutual Financial Group.
- Babson Capital Europe is a key player in the European sub-investment grade credit market, offering existing and potential investors diverse investment opportunities with a variety of risk and return profiles.
- Babson Capital Europe currently has €6.3 billion under management in various senior secured loan, senior secured debt and mezzanine loan funds (as at 30th June 2011).
- Babson Capital Europe manages two co-mingled senior secured loan funds, one of which focuses on the European market (Babson Capital European Senior Loans Ltd.), while the other one aims to capture relative value opportunities across the US and European loan markets (Babson Capital Global Loan Fund, co-managed alongside Babson Capital Management LLC).
- Babson Capital Europe also manages a UCITS compliant senior secured bond fund, which aims to capture relative value opportunities across the US and European markets (Babson Capital Global Senior Secured Bond Fund, co-managed alongside Babson Capital Management LLC).
- Babson Capital Europe further manages a UCITS compliant European high yield bond fund (Babson Capital European High Yield Bond Fund).
- In addition, Babson Capital Europe manages six separate account mandates of senior secured loans and senior secured bonds on behalf of large institutional investors as well as three dedicated mezzanine loan funds (Almack Mezzanine I, Almack Mezzanine II, Almack III). The second closing of Almack Mezzanine III was conducted in June 2011.
- Babson Capital Europe also manages eight cash flow arbitrage collateralised loan obligations (Duchess I, Duchess III, Duchess IV, Duchess V, Duchess VI, Duchess VII, Malin and Fugu CLO), all of which invest in debt sourced in the European leveraged buyout market.
- Babson Capital Europe is responsible for sourcing, analysing, buying and monitoring assets for all funds under management. All assets undergo a rigorous internal credit approval process carried out by Babson Capital Europe's credit committee and investment team, as well as being independently rated by Moody's and Standard & Poor's (depending on the nature of the fund).
- Babson Capital Europe's management team is led by Ian Hazelton. Ian has more than 25 years buyout market experience and started the business in 2000, joining from the Royal Bank of Scotland, where he was Managing Director of Leveraged Finance. The management team also includes Zak Summerscale, formerly a Senior High Yield Bond Manager at New Flag Asset Management; Oliver Burgel who has been with Babson Capital Europe since inception and joined from London Business School where he worked on private equity and leveraged finance research; David Wilmot, former Head of UK Leveraged Finance at Société Générale, with over 20 years buyout market experience; and Adam Eifion-Jones, formerly Managing Director of the mid-market Corporate and Structured Finance business within the Royal Bank of Scotland.