Barings re-hires private credit veteran Shettle
Barings has appointed private credit veteran Bob Shettle to its private finance team, four years after he left the firm.
Shettle spent almost 22 years at Barings before leaving in 2020 to become a private capital investor. In 2021, he joined Star Mountain Capital as managing director.
He will join Barings’ global private finance group as a managing director at the end of May. He has also been appointed to the firm’s North America private finance investment committee.
“Bob helped build our leading platform and I am pleased to welcome him back to Barings as we focus on growing our global private finance business and expanding our capabilities,” said Eric Lloyd, president of Barings and chairman of Barings’ global private finance group.
Read more: Barings sees increased investor demand for private placements
“Private credit is an asset class with a long runway for growth and tremendous opportunity to capitalize on behalf of our clients.
“We believe Bob’s deep understanding of our team-based approach, strong track record of successfully investing through multiple economic cycles, and breadth of private equity sponsor relationships will further enhance our platform.”
Shettle was previously co-head of Barings’ North American private finance group, where he co-managed the team and oversaw a private credit investment portfolio worth more than $10bn (£7.87bn). He has also served as chairman of the North American private finance investment committee in the past.
Read more: Hayfin bolsters private credit team
“I am thrilled to return to Barings and join one of our industry’s most experienced global middle-market lending platforms,” said Shettle.
“I look forward to working closely with the firm’s deep bench of senior leaders to further expand our private equity relationships and uncover the best origination opportunities for clients.”
Barings has been working on expanding its private finance teams in recent months following the departure of several key figures, who moved to Corinthia Global Management.
Read more: Corinthia/Barings poaching scandal: Two months on
