Barings’ portfolio finance platform has closed greater than $2.5bn (£1.93bn) in new third celebration investor commitments over the previous six months.
The platform permits insurance coverage firms and different institutional buyers to entry immediately originated non-public funding grade debt.
The portfolio finance platform has executed greater than $48bn of investment-grade, privately originated senior secured financings since its inception in 2017, together with over 120 amenities throughout greater than 55 asset supervisor companions.
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It offers immediately originated senior secured financing on cross-collateralised portfolios of personal market belongings, together with company credit score, actual property credit score, secondary portfolios, and GP finance.
“As demand for portfolio financing options continues to develop quickly and shift away from financial institution stability sheets, we see a greater than $200bn annual funding alternative to fill that funding hole and supply bespoke options bilaterally to asset managers,” mentioned Dadong Yan, head of Barings portfolio finance.
“We’re thrilled to achieve this milestone in third-party commitments and stay up for additional scaling our platform.”
Learn extra: Barings’ European non-public credit score boss heralds scale and incumbency for direct lending success
“Our portfolio finance capabilities are an integral element of the excellent suite of financing options that Barings presents sponsors, asset managers, and asset house owners as a one-stop store with certainty of execution,” mentioned Eric Lloyd, president of Barings.
“On the identical time, Dadong and the crew are assembly the rising demand from insurance coverage firms and different institutional buyers globally for entry to a top quality and diversified non-public funding grade asset class.”
Barings’ portfolio finance crew encompasses greater than 30 professionals within the US and Europe, and spans funding origination, underwriting, structuring, servicing, and portfolio administration. It has reported zero losses since inception.
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