Barings BDC

#6058

Rank

$918.04M

Marketcap

United States

Country

Leadership team

Mr. Eric J. Lloyd (Exec. Chairman)

Mr. Jonathan Gerald Bock CFA (Chief Exec. Officer)

Mr. Ian Fowler (Pres)

Products/ Services

Asset Management, Commercial Real Estate, Financial Services

Headquarters

Charlotte, North Carolina, United States

Established

1989

Company Registration

SEC CIK number: 0001379785

Net Income

5M - 20M

Revenue

20M - 100M

Traded as

BBDC

Social Media

URL

https://www.barings.com/en-us/guest/funds/business-development-companies/barings-bdc

Overview

Location

Recognition and Award

References

Summary

Barings BDC, Inc. is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries. It specializes in mezzanine, leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies. It invests in manufacturing and distribution; business services and technology; transportation and logistics; consumer product and services. It invests in United States. It invests in companies with EBITDA of $10 million to $75 million, typically in private equity sponsor backed.

History

Barings, originally established as a firm of merchants and merchant bankers, was formed in London in 1762.In the 1950s, Barings realised the potential of asset management and set up its own investment department in 1955. Clients were corporate clients, sovereign connections, pension funds and charitable institutions. In the 1970s, Barings expanded this business internationally with offices in the Far East, North America and Europe.

In 1989, Barings combined all of its asset management activities within Baring Asset Management Limited, headquartered in London.

In 1995, Barings Bank, the oldest investment bank in Britain, collapsed as a result of unauthorised trading by its head derivatives trader in Singapore, Nick Leeson, who was imprisoned for six and a half years in Singapore. It was then bought for £1 by ING Group, a Dutch bank.In March 2005, Baring Asset Management was split and Massachusetts Mutual Life Insurance Company acquired Baring Asset Management's investment management activities and the rights to use the Baring Asset Management name. Northern Trust acquired Baring Asset Management’s Financial Services Group.In September 2016, MassMutual merged Babson Capital Management, Wood Creek Capital Management, Cornerstone Real Estate Advisers, and Baring Asset Management to form Barings.

Mission

Barings BDC is committed to providing our shareholders with superior investment performance and capital appreciation, investing in historically proven, well-structured investments, safeguarding capital and mitigating portfolio risk, and delivering long-term value by establishing and consistently growing returns over the long-term.

Vision

Barings BDC seeks to become the preferred private debt provider to middle market issuers and investors, delivering strong risk-adjusted returns for our shareholders.

Key Team

Mr. Jonathan Andrew Landsberg C.F.A. (Chief Financial Officer)

Ms. Elizabeth A. Murray CPA (COO, CAO & Controller)

Ms. Jill Elyse Dinerman (Chief Legal Officer)

Mr. Christopher Anthony DeFrancis (Interim Chief Compliance Officer)

James Salmon (Head of European Real Estate Asset Management)

Ms. Ashlee Steinnerd (Corp. Sec.)

Nick Roope (Associate Director)

Recognition and Awards

Barings BDC has been named Institutional Investor's Best Investment Manager in North America for its ability to deliver superior portfolio performance and client service. The company was also recognized by the Eurekahedge Hedge Fund Awards in 2020 for its BDC strategy and commitment to innovation.