Legacy Corporate Lending, an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, appointed Ben Silver as senior executive vice president and head of portfolio and operations. Based in Los Angeles, Silver will play a critical role on Legacy’s leadership team as the firm continues to scale its diversified ABL platform. He will work closely with Legacy’s portfolio managers and operations professionals to deliver results and solutions for the business and its borrowers, while also contributing to the firm’s capital markets activities.
Silver has more than three decades of experience across private credit, asset-based lending, cash flow leveraged finance, mezzanine debt and private equity. Most recently, he served as head of real estate debt at Barings, where he led a $25 billion private commercial real estate debt platform and a team of 75 investment professionals. During his 15-year tenure at Barings, Silver also helped build and diversify the firm’s global private finance group, spearheading capital-raising initiatives and international expansion efforts, including establishing a lending platform in Sydney, Australia. Earlier in his career, Silver held senior bank and non-bank lending roles at GE Corporate Lending, Union Bank, Foothill Capital and Fleet Bank.
“Ben’s track record of building high-performing teams and lending platforms makes him a tremendous addition to our senior leadership,” Clark D. Griffith, CEO of Legacy, said. “His experience across ABL and the broader private credit markets will help Legacy deliver even greater value to the middle market companies we serve.”
Silver said, “Legacy has quickly established itself as a premier ABL platform, and I’m thrilled to be part of its next chapter. I look forward to working with Clark, Paul and the team to build on that foundation by expanding our capabilities, strengthening our portfolio and driving strong outcomes for our clients and partners.”
