Rabobank is in the later stages of marketing the equity for Prospero II, a $300m CDO of US and European leveraged loans to be managed by Rabobank, with NM Rothschild & Sons leveraged finance group acting as sub-advisor. It may be increased depending on investor demand. The team, meanwhile, is preparing its debut deal as portfolio manager, called Contego, which will pool European loans and is being warehoused by RBS. That deal is expected to total Eu300m, and may contain some dollar-denominated assets.
August 11, 2006