Hayfin Buys €90 Mn in Loans From Sareb

16/04/2014 – Expansion

Sareb invokes great interest among international investors. Hayfin Capital Management, a fund set up by two ex-directors of Goldman Sachs, acquired a €90 million loan worth out of the “Klaus Portfolio“.

Also, other important investors did business with Spain´s bad bank, such as Fortress, HIG Capital or Blackstone. Throughout 2013, Sareb sold 12 credit portfolios via its wholesale channel. About 82% of them constituted syndicated loans or commercial assets as collaterals.

The British fund is an expert in loan management and administers assets valued at €5.4 billion. It was established in 2009 by Richard Hayden and Tim Flynn.

Hayfin cooperates in Spain with two allies: Noqca Partners and BK Partners.


Original article: Expansión (by Jorge Zuloaga)

Translation: AURA REE