Babson Capital Closes Fund With $1 Billion

Feb 10 2006 | 10:07pm ET

Babson Capital Management has closed Tower Square Capital Partners II, a $1 billion mezzanine and private equity fund, which will invest in companies in the small end of the middle market. The firm's first fund, Tower Square I, has $265 million in assets and closed in October 2002. With the closing of Tower Square II, the 11-member Babson Capital team is now managing about $3 billion in mezzanine and private equity assets.


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Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.