Babson hires Thadani as director in mezzanine and private equity group

By Tali David

Minneapolis, Nov. 17 - Babson Capital Management LLC announced that it has hired Vik Thadani as a managing director in its mezzanine and private equity group.

Thadani will be based in the group's Los Angeles office, assisting with the continued growth of the firm's Asia-Pacific strategy and provide operational and transactional support to investment professionals in Sydney and Hong Kong, according to a press release.

The company said he will also supplement the sponsor coverage efforts for the group's new deal sourcing, due diligence, execution and portfolio management activities within the U.S., especially in the western region of the country.

Thadani's previous experience includes roles within the equity sponsor finance group at Union Bank of California, the leveraged finance group at CIBC World Markets, and the middle market loan syndications group at Bank of America.

Babson is an investment management firm based in Boston and Springfield, Mass., and Charlotte, N.C.

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