Barings Announces Final Close of North American Private Loan Fund

Tuesday, January 9, 2018 3:30 PM UTC

$1.85B fund reflects strong investor demand for private credit
Scale, experience, deep sponsor network allow Barings to offer differentiated opportunities

CHARLOTTE, N.C., Jan. 09, 2018 -- Barings, one of the world’s leading asset management firms, has announced the final close of its $1.85 billion North American Private Loan Fund following an eight-month fundraising effort that secured commitments from 45 investors representing 13 different countries.

The North American Private Loan Fund will invest primarily in private senior secured floating-rate corporate loans issued to middle-market companies based in the U.S. and Canada. The fund will employ a capital preservation strategy with a focus on providing attractive risk-adjusted returns while minimizing volatility through strong credit underwriting and diversification.

“As an established manager with more than two decades of experience in North American private credit, Barings is well positioned to offer investors access to differentiated opportunities and provide flexible capital solutions for middle-market borrowers,” said Eric Lloyd, Managing Director and head of Barings’ Global Private Finance Group. “Our flagship North American Private Loan Fund will enhance Barings’ ability to meet the needs of investors, borrowers and the private equity sponsors that are key partners in our private credit business.”

With over 650 investment professionals, including more than 70 dedicated solely to private finance, Barings leverages its global presence and local expertise to source private credit investments in developed markets worldwide. This global sourcing network, coupled with a diverse portfolio of platform companies, provides Barings with ongoing opportunities to finance middle market transactions including new platform investments, add-on acquisitions and recapitalizations across the U.S., Europe and Asia.

About Barings LLC
Barings is a $299 billion* global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. Part of MassMutual, Barings maintains a strong global presence with over 650 investment professionals and offices in 16 countries. Learn more at www.barings.com.

*As of Sept. 30, 2017

Contact:
Brian Whelan, Barings, 704.805.7244, [email protected]

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