The new euro315 million fund, called Leveraged Finance Europe Capital I BV, was priced by BNP Paribas and Morgan Stanley, the US investment bank financial services firm. The fund will invest in a managed portfolio of senior and mezzanine LBO debt across Europe, and is aimed at a diversified set of institutional investors. LBO debts, including senior loans rated at the BB level, and mezzanine loans rated at B, are issued in connection with leveraged buy-out of companies. The fund will be a 13
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