Barings Australian Private Credit Fund

Defensive income source

Aims to lend to established businesses with strong cash flows that can sustain regular coupon payments

Access to diversified private credit portfolio

Investing in directly originated loans to privately held middle-market companies in Australia and New Zealand

Managed by an investment veteran with an established track record in Australia

Barings is one of the most experienced lenders in the region, having invested in Australia and New Zealand for more than 13 years

Offers investors a risk/return profile akin to that of U.S. and European private Credit

Global

Provides access to a fast-growing part of the global economy

The non-bank lending landscape in Australia and New Zealand has been growing

Private equity dry powder in the region has grown significantly

Borrowers in these markets also tend to be larger, market-leading companies, with strong pricing power

Defensive income source

  • The Fund aims to lend to established businesses with strong cash flows that can sustain regular coupon payments
  • Core middle-market loans that Barings originated have historically generated spreads of 400–700 basis points over base rates1
  • It targets monthly income distributions2

Access to a diversified private credit portfolio

  • The Fund provides investors access to private credit and immediate yield on day one
  • Well-diversified across vintages and industries, avoiding real estate, commodity-based and discretionary retail industries (Subject to Fund Manager's discretion)

Improved terms, better recoveries

  • Loans are directly originated, allowing Barings to drive terms and influence the debt structure
  • Enhanced terms such as origination fees are fully passed through to investors
  • Barings may structure deals to include financial maintenance covenants, enhancing control over the loan term
  • Lower leverage, tighter documentation, and structural protections like financial maintenance covenants may lead to higher recoveries

Expertise of a global player with an established track record in Australia

  • Barings is one of the most experienced lenders in the region, having invested in Australia and New Zealand for more than 13 years
  • The team is part of a global private credit platform that has over 30 years of experience and over US$50 billion in committed assets as of 31 March 2025
  • As one of the most active lenders in the region, Barings is well-positioned to take advantage of the compelling opportunity within Australia and New Zealand
  1. Based on Barings originated Australian and New Zealand senior loans. As of 31 March 2025.
  2. For reference only. Positive distribution does not represent a positive return. There is no guarantee that distribution will be paid. The target income distribution is not guaranteed, subject to trustee's discretion and actual distribution may be lower.

Contact Us

Jonathan Baird
Jonathan Baird
+61 2 8272 5000
John Nicoll
John Nicoll
+61 3 8616 8565
Zoe Cowley
Zoe Cowley
+61 2 8272 5082
Michael Gaffney
+61 2 8272 5011
Aaron Thirukumar
Aaron Thirukumar
+61 4 2599 9999

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