Babson Capital Europe, a specialist debt investor based in London, is targeting more than $1bn (â¬672m) for its second fund dedicated to mezzanine finance as the debt class returns to favour.
The move comes 18 months after the firm closed its debut mezzanine fund, Almack 1, at â¬800m ($1.2bn). The latest fund is expected to hit about the same level as the first, according to sources with knowledge of the fundraising.
