Building on decades of experience and success in private credit investments.
Our private credit expertise includes middle market corporate credit, corporate private placement debt and infrastructure debt. With more than 50 years of credit experience, our team understands how to most effectively invest in private debt instruments to evaluate and capture the additional yield potential of illiquid and less liquid credit-based investments.
Global Infrastructure Debt
AUM: $12.1 billion (31 December 2020)
Our dedicated infrastructure debt team has global scale and presence, and has invested over $5 billion across core infrastructure and energy assets since 2006.
Corporate Private Placements
AUM: $26 billion (31 December 2020)
Our highly experienced and dedicated investment team consists of professionals from both the banking and asset management sectors, with an average of more than 20 years of experience in private placement activity.
Global Private Finance
AUM: $19.4 billion (31 December 2020)
Our team of over 60 dedicated investment professionals located in North America, Europe and Asia Pacific is focused on providing investors access to unique opportunities up and down the debt capital structure.
European Private Credit: Positive Momentum
Barings' Adam Wheeler describes the strong and improving conditions in the European private credit market that have led to increased deal flow and higher-quality structures in recent months.View
Riding the Refinancing Wave
Private credit has fared well during this crisis, but the real test may come at the back end, say Barings’ head of private assets Eric Lloyd and CFO of Barings BDC Jon Bock.View
Why the Distressed Debt Opportunity Looks Different This Cycle
A surge in defaults and distressed opportunities seemed likely when COVID struck—but stimulus measures and creative financing solutions have reshaped both the opportunity set and the timing.View
Three Factors Shaping the Opportunity in European Private Credit
The growing importance of market access, a wider investor base and the impact of ESG on pricing are reshaping the European middle market.View
North American Private Credit: Expectations vs. Reality
The impact of COVID on North American private credit has been surprising in some ways and more predictable in others. Ian Fowler sheds light on lessons learned over the past year and offers advice on how to navigate today’s market.View
Private Credit: Boring is (Still) Beautiful
Barings' Ian Fowler discusses the current state of the North American private credit market, including insights into deal activity, pricing, and how the Barings team is investing through the pandemic.View
Four Themes for Insurance Asset Management in 2021
Insurers have fared relatively well through the pandemic, but there is likely a long and uneven road to recovery ahead. With this in mind, there are four key themes worth considering for insurance company investors in the months to come.View
How Healthy is Today's Private Credit Market?
Barings’ Jon Bock weighs in on the dynamics shaping private credit today—from deal activity, to leverage metrics, to spread levels—and discusses how investors can access the opportunity.View
Private Credit: How Healthy is Today's Middle Market?
Barings’ Jon Bock weighs in on the current dynamics driving today’s private credit markets from deal activity, to leverage metrics, to spread levels, and discusses the pro’s and con’s of investment structures from public and private BDCs to commingled funds.View
Post-COVID European Private Credit: A Higher Quality Market?
On the back of COVID, transactions in the European middle market are showing decreased leverage levels, stronger documentation and improvements in pricing—suggesting a rebasing of the market from where it has been for the past several years.View
The Evolving Opportunity in Distressed Debt
As the pandemic recedes, some companies may have a harder time managing higher debt levels than others—and as weaker issuers undergo restructurings or other stressed situations, there may be opportunities for investors to deploy more capital into distressed debt strategies.View
Investor Series: Private Assets for Insurers
Insurance investors face unique challenges in any environment but especially against today’s backdrop of continued low rates and a global economic slowdown. Barings’ Ann Bryant and Eric Lloyd discuss strategies for incorporating private assets as part of the solution.View
ESG: The Intent Beyond the Income
ESG is playing an increasingly meaningful role in fixed income investing. At Barings, we formally integrate ESG across our corporate credit asset classes—but the way we apply our analysis is necessarily different due to the nuances of each market.View
ESG in Fixed Income: Progress Over Perfection
Fixed income investors have been slower to adopt environmental, social and governance factors, but change is afoot. Barings’ experts explain how fixed income managers can—and are—driving tangible change among corporate debt issuers—and why investors need to pay attention.View
Private Credit: The Turn of the Cycle
Co-Heads of Global Private Finance, Ian Fowler and Adam Wheeler describe the evolving conditions in the North American and European private credit markets and where opportunities may arise in the months and years ahead.View
What's Next for Private Credit?
Now that the proverbial rubber has met the road, many investors are questioning what’s in store for private credit in the months (and years) ahead. In many ways, the current volatility is setting the stage for significant opportunities—but managing the downside is critical.View
Private Credit: Why Last Cycle's Playbook Won't Work This Time
Barings’ Jon Bock discusses the recent Insights paper he authored, which describes the mistakes that investors continue to make when allocating to private credit—and, importantly, how to avoid them.View
Private Credit: Where We’ve Been, Where We’re Going
Industry veterans Ian Fowler and Adam Wheeler describe the dramatic evolution of private credit markets and explain why quality of earnings and varied definitions of ‘senior’ risk could be at the center of the next credit market storm.View
Amid Rising ‘Mequity’ Risk, Boring Can Be Beautiful
In both the U.S. and Europe, there is significant pressure both at the top and bottom ends of the middle market. As a result, we’re seeing potentially attractive value today in the more traditional, true middle market.View
Investing in Late-Cycle European Private Credit
Adam Wheeler, Co-Head of Barings’ Global Private Finance Group, discusses the importance of discipline and risk management in today’s late-cycle environment.View
Infrastructure Debt: Steady Activity, Lingering Macro Doubts
Despite the expected seasonal summer slowdown, infrastructure debt financing deals remained steady overall in the third quarter of 2019—with strong activity in the U.S. and Canada, and slightly slowing activity in Europe, with a cautious eye toward Brexit.View
The GFC: 10 Years On
The mid-market continues to attract private debt investors as the Fed cuts interest rates. Could this fuel the economy and rev up the deal market, or are we nearing the end of the credit cycle? Eric Lloyd recently weighed in with a panel of experts for PDI.View
Highlights from the Barings 360 Private Markets Conference
Watch Barings CEO, Tom Finke, and other senior leaders discuss their key takeaways from the firm's signature private assets event.View
A CIO's Perspective
Barings' Jonathan Bock caught up with industry veteran, William Spitz, on trends in today's private markets.View
Barings 360: For LPs, By LPs
Attendees of the Barings 360 Private Markets Conference discuss the value of exchanging ideas and perspectives with their peers.View
Private Credit: How Supply/Demand Dynamics are Shaping the Landscape
Ian Fowler, Co-Head of the North American Private Finance Group, discusses the dynamics of each middle market segment—including upper-end style shift resulting from competitive pressures—and explains why the traditional middle is the sweet spot.View
Is There Style Drift in Middle Market Lending?
Barings’ Ian Fowler weighs in on the supply/demand dynamics in the direct lending space and explains why looking at the middle market as one cohesive universe can be misleading.View
Assessing Today’s Private Credit Landscape
Private credit markets have seen an increase in investor demand over the last decade. But with competition fierce and the cycle maturing, what factors should investors consider moving forward? Barings’ Eric Lloyd identifies where he and his team see the best relative value today.View
Seeking Value in Today’s Private Credit Market
In this Q&A, Barings’ Eric Lloyd discusses his team’s approach to navigating the risks and capitalizing on the opportunities across the global private credit markets.View
5 Things to Consider When Investing in Private Credit
In this piece from Benefits and Pensions Monitor, Barings’ Ian Fowler discusses five key considerations for investors interested in allocating to private credit.View
Maintaining Discipline in a Maturing Credit Cycle
With competition high and signs of mispricing of some assets, Eric Lloyd of Barings stresses the importance of a global and diversified approach to portfolio construction.View
Seeking Relative Value in Global Private Debt
As institutional investors continue to turn toward private debt for potentially attractive risk adjusted returns in a low-yielding environment, they may benefit from taking a global approach to the asset class.View
News & Events
Barings Provides Financing for Forterro’s Acquisition of abas Software AG
Barings Announces Final Close of European Private Loan Fund II at €1.5bn
Barings and Ardian Private Debt Back Macquarie’s Buyout of Premier Technical Services Group
Barings Supports Telemos Capital’s Growth of Sanoptis
Barings Supports Insight Partners in their Recapitalization of CM Group