This transaction further strengthens the long‑standing partnership between Partners Group and Barings, representing the latest in a series of successful private credit facilities executed by the two firms. Their ongoing collaboration highlights a shared commitment to delivering tailored investment solutions that address the evolving needs of global investors. As private markets expand and demand for customized access points grows, transactions of this nature will play an increasingly important role in meeting the needs of investors globally.

The Partners Group Private Loans SICAV-SIF is a global evergreen private credit vehicle that takes a relative value approach, leveraging Partners Group's thematic and sector expertise. The investment strategy focuses on extending senior secured loans to sponsor‑backed borrowers across non‑cyclical and defensive industries in developed markets worldwide.

Barings Portfolio Finance led the structuring, legal documentation, and execution of the transaction and provided the entirety of the investment‑grade rated loans, demonstrating the team’s ability to deliver sophisticated, scalable, and custom financing solutions for institutional partners.

Credit enhancement was provided by several institutional investors, with DBRS serving as the ratings agency. Dechert LLP acted as counsel to Partners Group. Cadwalader, Wickersham & Taft LLP served as counsel to Barings. GreensLedge acted as financial adviser to Partners Group, and Citi and Alter Domus engaged as Collateral Agent and Loan Agent respectively.

Andrew Bellis, Partner, Head of Private Credit, at Partners Group, said: “Partners Group has been developing bespoke private markets solutions for decades, and we are proud to partner with Barings on this innovative and first of its kind financing for our global direct lending evergreen fund. Working with leading global firms like Barings enables us to create bespoke structures that provide access to private markets strategies and meet the evolving needs of a broad range of investors.” 

Ian Wiese, Managing Director at Barings Portfolio Finance, said: “Partners Group and Barings have built a strong partnership over many years, and this transaction is a clear reflection of that. By delivering a bespoke financing solution underpinned by Partners Group’s evergreen credit strategy, we are continuing to innovate together and expand high‑quality, scalable access to private markets for investors globally.”

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 Partners Group
Partners Group is one of the largest firms in the global private markets industry, with around 2’000 professionals and over USD 185 billion in assets under management globally. The firm has investment programs and custom mandates spanning private equity, private credit, infrastructure, real estate, royalties, and special opportunities. With its heritage in Switzerland and primary presence in the Americas in Colorado, Partners Group is built differently from the rest of the industry. The firm leverages its differentiated culture and its operationally oriented approach to identify attractive investment themes and to transform businesses and assets into market leaders. For more information, please visit www.partnersgroup.com or follow us on LinkedIn.