Babson Capital Management closed Tower Square Capital Partners II at...

Babson Capital Management closed Tower Square Capital Partners II at $1 billion, said Faith Yando, Babson spokeswoman. Investors in the mezzanine and private equity fund include the $40 billion Virginia Retirement System, Richmond, and $1.74 billion Seattle City Employees Retirement System. The largest investor is Babson parent Massachusetts Mutual Life Insurance, which put $600 million into the fund.