Babson launches energy finance group

The $142bn manager has launched the new group comprising four financing veterans, led by ex-TCW Brian Daly, with experience in the power generation and energy infrastructure sectors.

Babson Capital Management, the global investment manager with $142 billion under management, has created a new energy finance group staffed with four seasoned industry veterans.

The group will focus on mezzanine debt and equity investments in energy and infrastructure projects owned and operated by mid-market and smaller, privately owned companies. It will be led out of New York by Brian Daly, former managing director and senior portfolio manager of the TCW Cogeneration and Infrastructure Fund.

Daly is joined in the group by former TCW colleagues William VanHerwarde and Brett Macune, with a fourth member expected to be announced soon. The group will report to Michael Hermsen, managing director and head of Babson Capital’s Global Private Finance Group.

“Brian’s team possesses a unique combination of technical and financial expertise that has kept borrowers coming back over the years, and we are eager to put their talents to work on behalf of middle-market borrowers, sponsors and our investors,” said Hermsen in a statement.

Based in the US, Babson Capital Management six US offices and a number of subsidiaries including Babson Capital Europe in London and Babson Capital Australia in Sydney. It specialises in fixed income, equities, alternatives, structured products, debt financing for corporations and debt and equity financing for commercial real estate.