Muzinich to Launch Two European Debt Funds For Ex-ECM Credit Team

Corporate credit specialist Muzinich & Co. is planning to launch two funds that will be managed by the debt team it lifted out of Wells Fargo’s ECM Asset Management unit over the summer. 

Torben Ronberg, Stuart Fuller, Sam McGairl and Alex Woolrich, who joined New York-based Muzinich in August, collectively managed more than $870 million in high-yield credit and loan strategies for ECM. They will operate from the firm’s London office.

One of the two new vehicles will be a new unleveraged European senior secured loans product named the Muzinich European Loans Fund, according to Citywire, while the other will be a multi-asset vehicle named the Muzinich Senior Secured Fund. The latter vehicle will have a broader mandate than the former and will invest predominantly in senior secured loans and high yield bonds.

Both will reside within Muzinich’s Dublin-based ICAV and be marketed to pension funds, insurance companies and other institutional investors, Citywire said. 

Founded in 1988, Muzinich is a global institutional asset manager specializing in corporate credit. The company manages more than $22 billion.