Barings
Find your way into Barings
What they invest in
from 8 of 8 portfolio companiesEnterprise Software ×4SaaS ×4Fintech ×3InsurTech ×3Data & Infrastructure ×2Hardware ×2Advanced Manufacturing ×1AI & Machine Learning ×1
HQs:United States×2Australia×1
Investments · showing 7 of 8
founders shown can be your intro pathBy year:2026 · 12023 · 12022 · 13 dated
Accelerant operates a digital-first platform connecting specialized insurance underwriters (MGAs) with forward-looking capital providers, offering real-time data analytics, smart underwriting tools, and performance metrics to streamline specialty insurance operations.
Data & InfrastructureInsurTechSaaS
Jeff Radke(Founder)inChristopher Lee-Smith(Global Head of Distribution, Director and Co-Founder)in
Co-investorsMS&AD Ventures
Bridger Aerospace provides aerial firefighting and special mission services aimed at protecting lives, property, infrastructure, and the environment from wildfires.
Climate TechDefense TechHardware
Sam Davis(President and Chief Executive Officer)Adolphus “Bill” Andrews(Chief Operating Officer)Anne Hayes(Chief Financial Officer)
Co-investorsVillage GlobalBain CapitalBlackstone
Martello Re is a reinsurance firm that supports life and annuity insurers by providing access to capital and investment capabilities to help them grow profitably and meet policyholder obligations.
FintechInsurTechCharlotte, US
Eric Lloyd(Director)Matthew Kabaker(Director)Taylor Bodman(Director)Eric Hoffman(Director)Jeffrey Meskin(Director)Dennis Ho(Chief Executive Officer)
Co-investorsCenterbridge Partners, L.P.
Accelerant is a data-driven marketplace that connects specialty insurance underwriters with capital providers through proprietary AI and analytics.
AI & Machine LearningData & InfrastructureFintechInsurTech
Jeff Radke(Founder)in
Co-investorsAltamont Capital PartnersEldridgeMS&AD Ventures
FLX Networks operates a membership platform connecting asset management and wealth management firms, offering networking, investment insights, analytics, distribution services, event management, and marketing/PR tools through a single agreement.
Enterprise SoftwareFintechSaaS
Brian Moran(Founder & CEO)inKevin Barresi(Chief Technology Officer)in
Co-investorsDaybreak Partners
Permaconn provides fire alarm management and signalling systems designed for remote and hard-to-reach locations in Australia, offering self-managed solutions with dual connectivity redundancy to ensure system reliability.
Cloud ComputingEnterprise SoftwareHardwareIoTSaaSAustralia, AU
Co-investorsFive V Capital
Rightsline provides a cloud platform for managing rights and royalties, serving businesses in industries such as publishing and media/entertainment studios.
Enterprise SoftwareMedia & EntertainmentSaaS
Co-investorsKlass CapitalHg Capital
Exits · 2
2 IPOsAccelerantNYSE: ARXBridger AerospaceNASDAQ: BAER
Portfolio news
latest coverage across their companiesAccelerant · simplywall.st · Jul 30, 2026
Accelerant · fintech.global · Jul 14, 2026
Rightsline · citybiz.co · Jul 13, 2026
Bridger Aerospace · stocktitan.net · May 6, 2026
Fund performance · per public LP disclosures · 8
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Barings Emerging Generation Fund IILPs: Los Angeles City Employees' Retirement System | 2022 | — | 11.7% | 1.15x | 0.03x |
| Barings CMS FundLPs: South Carolina Retirement System Investment Commission | 2021 | — | 2.0% | — | — |
| Barings Private Equity Asia VIIILPs: Northern LGPS | 2021 | — | — | 1.11x | — |
| Barings Transportation Fund LPLPs: North Carolina Retirement Systems | 2021 | — | 8.6% | 1.68x | 0.37x |
| Barings Capital Investment CorporationLPs: South Carolina Retirement System Investment Commission | 2020 | — | 11.0% | — | — |
| Barings Emerging Generation FundLPs: Los Angeles City Employees' Retirement System | 2020 | — | 16.4% | 1.52x | 0.18x |
| Barings Asia Real Estate IILPs: Maine Public Employees Retirement System | 2018 | — | -5.4% | 0.86x | 0.13x |
| Barings Core Property Fund LPLPs: Connecticut Retirement Plans and Trust Funds | 2008 | — | 4.8% | 1.52x | 1.06x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
IPO stake values · per SEC filings
Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.
| Company | Owned | IPO price | At IPO | Stake value |
|---|---|---|---|---|
| Accelerant | 1.8% | $21.00 | Jul 2025 | $84.2M |
Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).
Frequently asked questions
- How many investments has Barings made?
- Barings has 8 tracked investments, 2 of which have exited, including 1 dated in the last 24 months.