Barings has appointed Sloan Sutta as global head of asset-based finance (ABF), putting him in charge of the firm’s $60bn (£45.4bn) platform.

The $502bn alternative asset manager’s ABF platform spans public and private markets across commercial, consumer and residential strategies. Sutta will oversee the platform’s strategic direction and expand its investment capabilities, Barings said.

The platform has 65 investment professionals globally, and Barings has been active in the market for 40 years, the firm added.

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“ABF is a strategic area of focus for Barings, and we continue to see compelling opportunities to build on our platform’s strength and scale to further enhance the solutions we offer to clients,” said Martin Horne, the firm’s co-head of global investments, to whom Sutta will report.

“Sloan brings deep experience across ABF markets and a strong track record of building and expanding investment platforms.

“His leadership will be instrumental as we continue to strengthen our capabilities and position the business for its next phase of growth.”

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Sutta joins from Crayhill Capital Management, where he was a partner and a member of the investment committee. He previously held senior investment roles at Och-Ziff Capital Management (now Sculptor), Garrison Investment Group and Credit Suisse.

“I am excited to expand the platform’s breadth, capabilities and offerings, seeking to deliver compelling risk-adjusted returns to investors across the evolving ABF opportunity set,” said Sutta.

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