By Dan Primack
July 17, 2013

FORTUNE — Three investors from ESO Capital Group have left to launch their own firm, Fortune has learned. The new group is called RoundShield Partners, and will seek to raise $500 million for a fund that will focus on European asset-backed special opportunities.

The three investors are Driss Benkirane, an ESO partners for the past six years, and ESO managing directors Jonas Hybinette and Kristian Lokka.

I rang ESO to learn what this may mean in terms of future staffing or keyman issues, but instead was asked “what is your motivation for asking?” Kind of weird, since I had already identified myself as a reporter.

Anyway, I later received the following emailed statement: “ESO wishes our former colleagues the best in their future endeavours. Several new senior professionals have joined ESO and we remain very excited about our business and team. We continue to move toward closing our most recent fund. None of our existing fund vehicles is affected by these departures.”

Shortly after receiving the email, the departing trio’s biographies were removed from the ESO website. New ESO employees in London include managing director Natalia Nowak (formerly with Arrowgrass Captial Partners and Cerberus) and director Karim Askar (ex-AEA Investors).

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