Babson Capital Europe announced the close of the 500 million Duchess VII CLO last week, a regally named fund arranged appropriately enough by Royal Bank of Scotland. Duchess VII ancestry dates back to 2001, when the series began as a sister business to Duke Street Capital. It was acquired and renamed by Babson Capital Management in May 2004.

The fund's current allocations are set at 85% senior loans and 15% mezzanine loans, with investments in debt packages from 100 million to 10 billion, a range that obviously includes some of the megadeals that have flooded both the U.S. and European credit markets.

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