Any updated views on Barings Private Credit platform?
any updated commentary on Barings in general and Barings private credit would be appreciated. Culture, comp, etc
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My understanding is culture is pretty chill on a relative basis. This is due to the nature of what they are investing in, which are performing, down the fairway credits for sponsor financings that don’t have a lot of underlying complexity to unpack. I believe comp is below the Ares / Golubs of the world but don’t know how comp changes have trended following the leadership exodus a couple years back. This is a lifestyle firm and a place that would support a life outside of finance while also offering comp that is better than other “chill” exits like corporate development
Isn’t this the shop that lost most of their investment team because the pay was severely below market?
And sued the departing investment team?
Yes
any updated comp numbers for private credit or similar groups at Barings? It seems like their comp is still below market based on the above
Ares / Golub are not the "market" for on the run sponsor backed lending. They're top of market, but they are also on the harder end of shops to work at. Barings will probably be slightly better than average but they will not come close to sniffing Golub comp. These are generally lifestyle jobs and all the economics are held by their capital providers or a handful of guys that won't let you have any just for being an associate (and even directors get the cold shoulder on true economics).
What about their Capital Solutions group?
Anyone hear back after applying to the assoc role?
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