Structured finance market round up: Credit opportunity fund – Sign of the times

January 30, 2007

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Babson Capital has launched a credit opportunity fund designed to exploit sales of stressed and distressed leveraged loans that have been forced by CLO triggers.

CLOs have become significant buyers of leveraged loans but are subject to strict divestment rules when the credit deteriorates. The timing of the fund’s launch speaks volumes on the expected growth in the number of suitable assets available.

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Capital Markets February 2007

Louise Bowman

Editor

Louise Bowman is Editor. She joined Euromoney in March 2006 and appointed deputy editor in 2014 and editor in 2020. Louise has worked for Euromoney in London and New York and also spent several years in Hong Kong writing for Asiamoney.