Babson Capital Hires Benjamin Silver to Expand West Coast Mezzanine/PE Activities



Babson Capital Hires Benjamin Silver to Expand West Coast Mezzanine/PE Activities

Brings 15 years of corporate financing experience to firm's new L.A. office


SPRINGFIELD, Mass., April 30 /PRNewswire/ -- Babson Capital Management
LLC ("Babson Capital"), an investment management firm based in Boston and
Springfield, Mass., announced today it has hired Benjamin Silver as a

Managing Director in its Mezzanine/Private Equity Group (MPEG).
Mr. Silver will be based in Babson Capital's recently opened West Coast
MPEG office in Los Angeles.
Mr. Silver joins Michael Ross, who joined Babson Capital last fall in
its West Coast office. That office develops deal sources in the western
U.S. and analyzes, structures and documents mezzanine and private equity
investments generated by those sources.

Mr. Silver was previously with GE Commercial Finance, where he was
Senior Vice President in the Corporate Lending Group office in Beverly
Hills, Calif. and led a team of five originators focused on the Southwest
U.S. He has spent the past decade in corporate-finance origination roles
for GE and the Union Bank of California in the Los Angeles area.

"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 Tower Square I, a $265
million fund closed in October 2003. It also invests on behalf of Babson
Capital's parent, the Massachusetts Mutual Life Insurance Co. (MassMutual).
MassMutual itself has been active in mezzanine and private equity investing
since the 1960s. The MPEG team is led by a trio of managing directors: Mr.
Hermsen, Michael Klofas and Richard Spencer.

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/.

For more information contact:
Ken Gepfert, LGA David Coburn, LGA
704 552-6565 704 552-6565
gepfert@lgapr.com
 coburn@lgapr.com
SOURCE Babson Capital Management LLC

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