Private Credit Veteran Bob Shettle Joins Barings’ Global Private Finance Group
New senior hire expands Global Private Finance team of more than 80 investment professionals managing more than $32.78 billion* in middle market direct lending
Shettle to join Barings’ North America Private Finance Investment Committee
Barings, one of the world’s leading investment managers, today announced that private credit veteran Bob Shettle will join Barings’ Global Private Finance Group as a Managing Director and will join the firm’s North America Private Finance Investment Committee, effective at the end of May.
Shettle, who previously spent more than two decades at Barings, will focus on investment origination in North America. Based in New York, Shettle will report to Tyler Gately, Head of North America Private Credit.
“Bob helped build our leading platform and I am pleased to welcome him back to Barings as we focus on growing our Global Private Finance business and expanding our capabilities,” said Eric Lloyd, President of Barings and Chairman of Barings' Global Private Finance Group. “Private credit is an asset class with a long runway for growth and tremendous opportunity to capitalize on behalf of our clients. We believe Bob’s deep understanding of our team-based approach, strong track record of successfully investing through multiple economic cycles, and breadth of private equity sponsor relationships will further enhance our platform.”
Prior to leaving Barings in 2020, Shettle served as Co-Head of Barings’ North American Private Finance Group for four years, co-managing the team and overseeing an approximately $10 billion private credit investment portfolio. He served previously as Chairman of the North American Private Finance Investment Committee and has more than 30 years of experience investing in senior debt, junior debt, and equity across the middle and lower markets.
“I am thrilled to return to Barings and join one of our industry’s most experienced global middle-market lending platforms,” said Shettle. “I look forward to working closely with the firm’s deep bench of senior leaders to further expand our private equity relationships and uncover the best origination opportunities for clients.”
About Barings
Barings is a $406+ 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.
*Assets under management as of March 31, 2024
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