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Babson Capital launches middle market lending group

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Investment manager Babson Capital Management has formed a Chicago-based middle market lending group to provide senior secured financing solutions to middle-market companies.



The addition of the group will enable Babson Capital to offer a full suite of middle-market financing products, complementing the firm’s mezzanine and private equity group, a provider of mezzanine debt and equity co-investments primarily for mergers and acquisitions and leveraged buyouts.

The new team will focus on companies owned by private equity firms or outstanding management teams.

"Babson Capital has a long track record of building strong relationships with the middle-market private equity community, and we are pleased to address a real need in the market by adding senior secured financing to the growing list of services we are able to offer our partners," says Michael P. Hermsen (pictured), managing director and head of Babson Capital’s global private finance group. "In addition, from an investor’s perspective, middle-market senior secured loans represent a stable asset class offering an attractive return while providing downside protection owing to their position in the capital structure."

Joining Babson Capital as senior members of the middle market lending group are Ian M. Fowler, Brian C. Baldwin, and Mark J. Flessner. The three managing directors have more than 50 years of combined industry experience, most notably as principal investors for Freeport Financial and GE Capital’s global sponsor finance group.

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