Barings Backs Preqin in Acquisition of Colmore
Aug 12, 2021
Barings, one of the world’s leading investment management firms, announced today that it has supported Preqin, one of the market leaders for data and research to the alternative assets industry, via a senior secured facility to finance the acquisition of Colmore, one of the leading providers of software and analysis to global investors. Financial terms were not disclosed.
“For years, Preqin has provided crucial information and actionable data to a long list of blue chip customers across the financial services industry. The acquisition of Colmore will further bolster their offering and distinguish the company as the preeminent private markets data provider. We are delighted to support Preqin in this new chapter of its growth,” said Joseph Buckley, Director, Barings European Private Finance group. “We continue to seek out high quality businesses with sustainable differentiation and the combination of Preqin and Colmore certainly represents this.”
Preqin provides visibility into the opaque private markets with in-depth coverage of all major asset classes ranging from private equity, venture capital, hedge funds, real estate, infrastructure, secondaries, and more. Colmore’s cutting-edge alternative assets portfolio monitoring and fund administration platform allows investors to manage their portfolio in real-time. Clients will benefit from integrated services that combine a perspective on the overall market with insights on the individual portfolio.
Barings Global Private Finance is a 60+ investment team globally, with a 40-year track record of successfully financing middle-market buyouts, acquisitions, and recapitalizations. With product capabilities that range from traditional senior debt to bespoke junior capital securities, and hold sizes of €250 million+, Barings is focused on providing capital solutions that help our private equity clients complete their deal on time and as expected. Our long-term commitment to the asset class, local origination in each region, consistent team, and broad range of investment capabilities, are designed to provide investors an absolute spread premium to broadly syndicated loans as well as an attractive risk-adjusted return potential.
Barings is a $382+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. Learn more at www.barings.com.
*Assets under management as of June 30, 2021
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