Barings and the North Carolina Investment Authority (NCIA) have expanded their partnership representing $2.1 billion in committed capital for Barings’ real estate debt and capital solutions strategies.
Barings has served as an asset manager for the North Carolina Retirement Systems, whose assets are now invested by NCIA, for more than 10 years. This partnership has supported attractive risk-adjusted returns for the state’s 875,000 active and retired public employees, including teachers, police officers, firefighters, and public servants.
The expanded partnership will invest $1 billion in loans secured by institutional-quality commercial real estate in strategic locations across North America and Europe. An additional $800 million has been committed to Barings’ CMBS strategy. The mandate also includes $300 million in committed capital for Barings’ Capital Solutions strategy, which originates customized financings for both corporate and non-corporate issuers acro
