​Babson Capital Management LLC, established in 1940, was a prominent asset management firm headquartered in Springfield, Massachusetts, with additional offices in Boston and other global locations. The firm offered a diverse range of investment services, including fixed income, private credit, and real estate strategies, catering to institutional investors and high-net-worth individuals. In 2016, Babson Capital merged with its subsidiaries—Cornerstone Real Estate Advisers, Wood Creek Capital Management, and Baring Asset Management—to form Barings LLC, a global investment management firm. This consolidation aimed to leverage the combined expertise and resources of the affiliated firms to better serve clients worldwide. As of March 2020, Barings managed approximately $338 billion in assets, continuing the legacy of its predecessor firms.