2025 Top 500 ranking: 69
Barings is a $481 billion* global alternative asset manager that partners with institutional, insurance, and wealth clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual and MS&AD, seeks to deliver excess returns by leveraging its global scale and capabilities across credit, real assets, capital solutions and emerging markets.
*As of March 31, 2026
Chairman and CEO Mike Freno joined Bloomberg’s Romaine Bostick and Katie Greifeld at the Milken Institute Global Conference for a discussion on market volatility, private credit and how Barings is positioned as client needs continue to evolve.
The maturity wall facing U.S. high yield bond issuers is sizeable. But given the market’s composition today, the wall appears less daunting for issuers—and, for investors, it’s helping shape potentially compelling opportunities.
Welcome to this month’s edition of Where Credit is Due—a newsletter from Barings recognizing value across the people and portfolios shaping credit markets today.
Dispersion and volatility have reshaped relative value across the CLO market. Structural protections and floating‑rate exposure remain supportive, but outcomes increasingly depend on credit underwriting, manager discipline and an ability to navigate a more selective opportunity set.
High yield investors are navigating a more complex backdrop, but fundamentals remain resilient and income continues to look compelling. Markets have absorbed a steady stream of risk events, but the environment calls for discipline rather than complacency.
Technology sector analyst, Brad Lewis unpacks how AI is impacting the outlook for credit markets across software and other sectors. He provides insight into the Barings’ team’s framework for parsing winners from losers, and talks about what’s next for AI.
IPE’s 2025 institutional high yield market survey charts an 8.5% drop in high yield managed assets within the European institutional client segment.
Plus: Fidelity International appoints new trustee for master trust; Abrdn makes changes to multi-asset and alternatives leadership team
Plus: Ortec Finance expands board; Swedish Fund Selection Agency adds to strategy and business development team
Asset managers in our listing are ranked by global assets under management and by the country of the main headquarters. Assets managed by these groups total €111.4trn (2023: €102.6trn)
Martin Horne is the new global head of public assets at Barings bond investor, but he is a bond guy through and through.
When the global financial crisis wreaked havoc across the banking sector, private credit emerged as a potential winner.
Private debt in Europe is still feeling the impact of the war in Ukraine and the surge in inflation, but there are reasons for optimism
Pension fund managers reflect on an extremely challenging year for markets and look to the future, considering questions such as what is risk-free, how to secure inflation-linked assets, the role of central banks and the risk of liquidity crises
BREEVA II buys complex at Seeberger Strasse 10 in Altlandsberg from BEOS CREFG IV
Copyright © 1997–2026 IPE International Publishers Limited, Registered in England, Reg No. 3233596, VAT No. 685 1784 92. Registered Office: 1 Kentish Buildings, 125 Borough High Street, London SE1 1NP
Site powered by Webvision Cloud
