Barings’ European private credit unit has deployed €1.5bn this year

Barings’ European private credit team deployed €1.5bn (£1.26bn) over the first nine months of 2024, across 27 transactions.

The team transacted with more than 20 sponsors over the period, according to a post on business networking site LinkedIn.

The update comes after a turbulent few months for the firm, after new market entrant Corinthia Global Management poached a number of top executives from its private credit division.

Ian Fowler and Adam Wheeler, who were co-heads of the global private finance team at Barings, were among the departures.

Alternative Credit Investor reported in June that Barings has been making a series of new hires to bolster and grow its private market division, including Bob Shettle, who returned to the firm as a managing director.

“Global private finance continues to be a key strategic focus for Barings and we are confident that with the leadership team’s deep experience in the market, along with the support of the more than 80 investment professionals across our global private finance platform, we will remain well-positioned to drive long-term value for our clients,” a Barings spokesperson told Alternative Credit Investor at the time.

Barings has also pursued legal action against Corinthia and its former employees, which is still ongoing.