Barings Raises $1.3B For Second Private Debt Fund

Jul 24 2017 | 11:34pm ET

Asset management company Barings has raised $1.3 billion in capital commitments for its second global private debt fund that will invest primarily in senior secured corporate loans. 

The new fund, named Barings Global Private Loan Fund II, attracted 26 investors from 11 countries and closed after just six months in the market, Barings said in a statement released on July 19. 

“In addition to providing differentiated investment opportunities for Barings’ investors up and down the capital structure, Global Private Loan Fund II increases Barings’ flexibility in providing financing solutions to meet the capital needs of middle-market borrowers throughout the U.S., Europe and Developed Asia,” said Eric Lloyd, managing director and head of Barings’ Global Private Finance Group. 

Over the last twelve months, Barings has invested more than $1.8 billion in global private credit, the statement added. “Private credit has always offered the potential for enhanced yield, a return premium over public credit markets and portfolio diversification, but Barings’ depth of expertise and global access to private credit also allows us to identify relative-value opportunities from region to region and compared to other asset classes,” added Lloyd.

Barings managed $288 billion in fixed income, equity, real estate, alternative and multi-asset strategies as of June 30, 2017 for a diverse group of global clients. The company is a member of the MassMutual Financial Group and maintains a global presence of 600 investment professionals in 16 countries. 

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