Barings Announces Final Close of Global Private Loan Fund II
(Thomson Reuters ONE) -
* Global team provides differentiated opportunities, ability to meet
borrowers' capital needs
* Investors seek potential for enhanced yield, diversification and relative
value opportunities
CHARLOTTE, N.C., July 19, 2017 (GLOBE NEWSWIRE) -- Barings, one of the world's
leading asset management firms, has announced the final close of its $1.3
billion Barings Global Private Loan Fund II, marking the conclusion of a
successful capital raise within six months of launching the effort.
The fund, which attracted 26 investors from 11 countries, will invest primarily
in global private senior secured corporate loans.
"Barings seeks to build lasting partnerships with our investors by adapting to
their changing investment needs, and the success of our capital raise for Global
Private Loan Fund II is a strong endorsement of the truly global strategy we
have developed over more than two decades of investing in private credit," said
Eric Lloyd, managing director and head of Barings' Global Private Finance Group.
"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."
With more than 70 investment professionals focused solely on private finance,
Barings uses its global reach and expertise to source private credit investment
opportunities across developed markets worldwide. Since 1992, the firm has built
strong partnerships with private equity sponsors by supporting their needs and
often investing alongside them. This global sourcing network coupled with a
broad portfolio of platform companies provides Barings with ongoing
opportunities to finance middle-market transactions including new platform
investments, add-on acquisitions, and recapitalizations. Over the last twelve
months, Barings has invested more than $1.8 billion in global private credit.
"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," said Lloyd.
Barings' breadth of expertise across a wide variety of liquid and illiquid asset
classes and geographic markets provides clients access to differentiated
investment opportunities, meaningful portfolio diversification, uncorrelated
sources of returns, and opportunities to benefit from shifting relative value
within and between asset classes and geographies.
About Barings LLC
Barings is a $288 billion* global financial services 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. A member of the MassMutual Financial Group, Barings maintains a strong
global presence with over 600 investment professionals and offices in 16
countries. Learn more at www.barings.com.
*As of June 30, 2017
17/504
Contact:
U.S.:
Brian Whelan
Barings
704.805.7244
brian.whelan(at)barings.com
U.K. / Europe:
Kuldeep Mehmi
FTI Consulting
+44 (0)20 3727 1722
kuldeep.mehmi(at)fticonsulting.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Barings via GlobeNewswire
Datum: 19.07.2017 - 14:00 Uhr
Sprache: Deutsch
News-ID 553002
Anzahl Zeichen: 4317
contact information:
Town:
Charlotte
Kategorie:
Business News
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