Barings has held a final close for its Barings Asset-Based Income Fund (BABIF).
BABIF, and related accounts, raised $943 million in commitments from existing and new institutional investors including public and private pensions, insurers, sovereign wealth, family offices, and foundations from the United States, Europe and Asia Pacific.
BABIF is Barings' first commingled fund that will invest directly in real assets and asset-based businesses designed to generate current income and opportunities for capital appreciation. BABIF has deployed capital already in several of its target markets, including aviation leasing, media and entertainment, pharmaceuticals, and financial services.
“BABIF addresses a pressing need faced by many institutional investors seeking access to unique real assets opportunities,” said Anthony Sciacca, head of Barings Alternative Investments. “The team’s proven investment strategy along with our ability to identify long-term trends through research makes Barings a compelling partner for investors. This strategy has, and will continue to be, an area of focus and growth for our alternatives business.”
