Special Situations Credit
- AUM $585 million*
*Committed Capital in excess of $1.0 billion.
(30 June 2020) - Inception Date 2012 (Dedicated Funds) Investing Since 1999
- Vehicles Available
- Commingled Fund
- Separate Account
Investment Philosophy
We believe attractive, long-term, risk-adjusted returns can best be achieved through a combination of:
- Strong fundamental credit underwriting, with the primary focus on principal preservation
- Active portfolio management to capture the best relative value and identify opportunities for capital appreciation
Our Value Add
- One of the industry’s largest global high yield teams with over 65 dedicated investment professionals, including a team dedicated to the special situations strategy
- Our Special Situations platform is designed to be flexible whilst benefitting from the full scale and breadth of Barings' high yield credit platform.
- Smaller funds broaden the investment universe, promote efficient capital deployment and enable efficient use of the secondary markets when buying and exiting investments
- In-depth, bottom up credit analysis provides unparalleled coverage up and down the capital structure and across industries
- On-the-ground resources provide local access and insight into the markets where we invest
- Extensive experience in investing and managing Special Situations credit assets since 1999
- Deep experience of managing assets over multiple credit cycles and leading restructuring transactions across a broad range of jurisdictions
RelatedViewpoints
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High Yield: Bridging the Gap to a Post-COVID World
What lies ahead for high yield markets? Head of Global Public Fixed Income, Martin Horne weighs in on what the bifurcated asset price recovery, record issuance levels and falling default expectations imply for high yield markets in the months ahead.
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The Evolving Opportunity in Distressed Debt
As the pandemic recedes, some companies may have a harder time managing higher debt levels than others—and as weaker issuers undergo restructurings or other stressed situations, there may be opportunities for investors to deploy more capital into distressed debt strategies.
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Distressed Debt: Despite Challenges, Opportunities Persist
Recent market and economic volatility may be the trigger that distressed debt investors have been waiting for, but capitalizing on opportunities will require a different playbook than those of past cycles.
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Distressed Debt: Capturing Late-Cycle Value
Barings’ Stuart Mathieson and Bryan High discuss how recent macro events and credit market dynamics are impacting the outlook for distressed debt.
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Distressed Debt: Seeking Opportunity in Choppy Waters
Stuart Mathieson, Head of Barings’ Global Special Situations group, and Bryan High, Co-Portfolio Manager of the strategy, discuss how the macro environment is impacting their outlook, and where they're seeing distressed debt opportunities today.
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