Babson Capital Finance, the middle-market lending group of Babson Capital Management, has hired two new employees for its lending team. 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 to our team,” 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 BS in finance from the University of Virginia.
Mr. Harris, who joins Babson 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 MBA 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 Management’s global high-yield loan business, which focuses on broadly syndicated and generally more liquid loans to larger US and European corporate borrowers.
Babson Capital Management has $188 billion in assets under management and is a member of the MassMutual Financial Group. The firm has offices in Boston and Springfield, MA; New York, Chicago, Charlotte and Los Angeles, and nine other offices in Europe, Asia and Australia (www.BabsonCapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-31-13