February 05, 2026

Barings Provides Growth Capital to Elvaston’s Portfolio Company Kraftwerk

Barings, one of the world’s leading investment managers, today announced its role as sole lender of secured credit facilities providing growth financing to Kraftwerk, a portfolio company of Elvaston Capital Management (Elvaston). Kraftwerk is a leading ERP and infrastructure software provider.

Kraftwerk provides the operating system for energy producers, utilities, and consumers and is one of the largest providers of ERP, CRM, asset management, and energy and cloud software in Germany. The Company holds a significant market share and comprehensively covers the entire commercial value chain of the energy industry across all market roles.

Martin Siml, Managing Director, Barings Global Private Finance Group, said: “We are delighted to support Kraftwerk in its journey to becoming the technology leader for mid-sized municipal utilities in Germany, a sector that forms a core part of the country’s critical infrastructure.”

Media Contacts
Barings@secnewgate.co.uk / Mediarelations@barings.com

About Barings
Barings is a $481+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions. Learn more at Barings.com.

*As of December 31, 2025

About Elvaston Capital Management
Founded in 2012, Elvaston Capital Management is a private equity firm specialising in enterprise software investments. Over the past decade, the firm has developed deep sector expertise and expanded its platform to more than €3bn in AUM. Focusing on small and medium-sized enterprises across Europe, Elvaston has become one of the most active private investors in this segment.

https://www.elvaston.com/en

26-5161630

Important Information
This document is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This document has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, accounting, legal or tax advice.

Investment involves risks. Past performance is not indicative of future performance. Investors should not only base on this document alone to make investment decisions.

This document is issued by Baring Asset Management (Asia) Limited. It has not been reviewed by the Securities and Futures Commission of Hong Kong.