Benjamin Silver has joined Babson Capital Management as a managing director in the firm's mezzanine and private equity group. He will work out of Babson's
Babson Capital Management LLC (“Babson Capital”), an investment management firm based in
Mr. Silver will be based in Babson Capital's recently opened West Coast MPEG office in
Mr. Silver joins Michael Ross, who joined Babson Capital last fall in its West Coast office. That office develops deal sources in the western
Mr. Silver was previously with GE Commercial Finance, where he was Senior Vice President in the Corporate Lending Group office in
“We are pleased to be able to add Ben as another strong representative in our growing West Coast operation,” said Michael Hermsen, a Managing Director in Babson Capital's MPEG. “He and Mike Ross make a great team to work with our portfolio companies and sponsors in the region.”
Mr. Silver joins a team of 14 that was formed in 1992 and now manages about $3.2 billion on behalf of clients. The MPEG's clients include Tower Square Capital Partners II, L.P., a $1 billion mezzanine and private equity fund closed by Babson Capital in February 2006, and
Prior to his positions at GE and Union Bank, Mr. Silver first came to Los Angeles as an account executive with Foothill Capital Corp. in 1995, where he worked for three years. His previous role was with the former Fleet Bank in Boston, Mass., as a senior field auditor in the Asset-Based Lending Group, a position he began after graduating from University of Massachusetts at Lowell with a degree in accounting in June 1992.
About Babson Capital Management
Babson Capital Management LLC and its subsidiaries manage more than $108 billion as of March 31, 2008 for sophisticated investors in the U.S. and abroad. The firm offers a wide range of absolute return, co-investing, financing and customized mandates utilizing equity, fixed-income and derivative instruments. Based in Boston and Springfield, Mass., and Charlotte, N.C., the firm has six additional offices in the U.S. with subsidiaries in London and Tokyo. Babson Capital is a member of the MassMutual Financial Group and is on the web at http://www.BabsonCapital.com.