During the initial ramp phase following the externalization of the BDC, Barings intends to invest primarily in a liquid, non-investment grade debt portfolio. We will then work to transition into a portfolio comprised primarily of senior secured private debt investments in middle market companies sponsored by private equity investors.
We take a disciplined, fundamental approach to asset selection and portfolio construction, seeking attractive risk-adjusted return and diversification on behalf of our shareholders.
First Lien Debt
Second Lien Debt
Typical EBITDA of $10 million to $75 million
Typically private equity sponsor-backed
History of growth and profitability
Strong market position and competitive differentiation
Covenants and structural protections
Manufacturing & Distribution
Business Services & Technology
Transportation & Logistics
Consumer Product & Services