Barings Secures €650 Million Commitments for Whole Loan Real Estate Strategy
Barings, one of the world’s largest diversified real estate investment managers, has secured capital commitments exceeding a total of €650 million to invest in unlevered whole loans secured by core plus and value add European real estate. This includes €300 million on behalf of a Nordic pension and insurance client, which has also invested in a wider real estate debt strategy managed by Barings.
Barings will invest the capital primarily in its preferred investment sectors of logistics, residential (student, build to rent and private rented sector), and office property, in core western European markets including the UK, Germany, Spain, the Netherlands, the Nordics, Ireland and France.
In 2021, Barings agreed 14 loans worth more than €1.08 billion ($1.22 billion) across its different debt strategies in Europe and APAC in 2021, and nearly doubled its loan commitments to more than €3.4 billion assets under management.
Sam Mellor, Head of Europe and Asia Pacific Real Estate Debt at Barings, said: “Over the past three years, our real estate debt platform has experienced sustained growth as we increase our exposure across the European continent and into APAC. With a growing team and significant expansion of our AUM, our local approach underpinned by global research enables us to continue to build our presence and portfolio with commercially attractive assets.”
Paul Murphy, Managing Director and Head of Client Portfolio Management, European Real Estate at Barings, said: “The volume of capital commitments we’ve secured to invest in real estate debt is a reflection of the strength of our European real estate experience, which combines global expertise with on-the-ground knowledge in order to strive to secure the best opportunities for our investors.”
Barings Real Estate
Barings Real Estate (BRE) is a part of Barings and offers a broad range of global investment opportunities across the private debt and equity investment markets. BRE invests in all major property sectors and offers an expansive range of financing solutions to real estate borrowers. Follow us on LinkedIn at linkedin.com/showcase/barings-alternative-investments.
About Barings
Barings is a $349+ 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.
*Assets under management as of June 30, 2022
