Babson Capital’s Middle-Market Lending Unit Fills Key Positions
CHARLOTTE, N.C.--(BUSINESS WIRE)--Babson Capital Management, a global investment management firm with more than $188 billion in assets under management, today announced two key additions to the management team of Babson Capital Finance, an operating subsidiary that provides financing to middle-market companies and specialized industries globally.
“We are delighted to welcome Eric Lloyd and Terry Harris for Babson Capital Finance”
Eric Lloyd, former head of market and institutional risk for Wells Fargo, has joined Babson Capital Finance as Head of Capital Markets. Terry Harris, former managing partner and co-founder of Certus Capital Partners, has joined as Head of Portfolio Management for Babson Capital Finance.
“We are delighted to welcome Eric Lloyd and Terry Harris for Babson Capital Finance,” said Mike Hermsen, CEO of Babson Capital Finance. “These seasoned industry veterans will play critical roles as we continue to expand our capabilities and build Babson Capital Finance into a leading global finance company serving middle-market companies worldwide.”
Mr. Lloyd, a 22-year industry veteran with significant experience in leveraged finance, syndication and risk management, received his B.S. in finance from the University of Virginia. Mr. Harris, who joins with 25 years of experience in middle-market finance, including senior management positions at GE Media, Communications & Entertainment, Tower Three Partners and FirstLight Financial Corp., received his M.B.A. from Florida State University.
Babson Capital Finance, a wholly owned subsidiary of Babson Capital Management, focuses on private-investment asset classes serving middle-market and lower-middle market companies globally, including senior and second-lien loans, unitranche, mezzanine debt and private equity co-investments. The subsidiary’s business is distinct from Babson Capital’s global high-yield loan business, which focuses on broadly syndicated and generally more liquid loans to larger U.S. and European corporate borrowers.
About Babson Capital Management LLC
Babson Capital Management LLC is a leading global investment management firm with over $188 billion in assets under management as of September 30, 2013. Through proprietary research, analysis and a focus on investment fundamentals, the firm and its subsidiaries develop products and strategies that leverage its broad expertise in global fixed income, equities, alternatives, structured products, debt financing for corporations and debt and equity financing for commercial real estate. Based in Boston and Springfield, Mass., and Charlotte, N.C., with offices in New York City, Chicago, and Los Angeles, the firm’s subsidiaries include Babson Capital Europe Limited in London, Babson Capital Australia Pty Ltd in Sydney, Babson Capital Finance LLC, Cornerstone Real Estate Advisers LLC in Hartford, Conn., and Wood Creek Capital Management, LLC in New Haven, Conn. Babson Capital is a member of the MassMutual Financial Group. Learn more at www.BabsonCapital.com.