Barings BDC
Venture debtCharlotte
Also known as BARING ASSET MANAGEMENT LIMITED Β· BARING INTERNATIONAL FUND MANAGERS (IRELAND) LIMITED Β· BARING INTERNATIONAL INVESTMENT LTD Β· BARINGS (U.K.) LIMITED Β· BARINGS AUSTRALIA PTY LTD Β· Barings Llc
Investment thesis
Barings BDC focuses on providing flexible debt financing solutions to middle-market companies involved in corporate transactions. The firm leverages deep relationships with private equity sponsors and borrowers built over multiple credit cycles, maintaining a disciplined investment approach with long-term shareholder alignment.
Source: firm website, verified Aug 3, 2026.
Fund performance Β· per public LP disclosures Β· 10
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Barings Emerging Generation Fund II | 2022 | β | 11.7% | 1.15x | 0.03x |
| Barings CMS Fund | 2021 | β | 2.0% | β | β |
| Barings Private Equity Asia VIII | 2021 | β | β | 1.11x | β |
| Barings Transportation Fund LP | 2021 | β | 8.6% | 1.68x | 0.37x |
| Barings Capital Investment Corporation | 2020 | β | 11.0% | β | β |
| Barings Emerging Generation Fund | 2020 | β | 16.4% | 1.52x | 0.18x |
| Barings Asia Real Estate II | 2018 | β | -5.4% | 0.86x | 0.13x |
| Barings Lake P&F Real Estate | 2010 | β | -16.3% | 0.20x | 0.23x |
| Barings Core Property Fund LP | 2008 | β | 4.8% | 1.52x | 1.06x |
| Barings Lake Luciana | 2006 | β | -19.7% | 0.20x | 0.19x |
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).
Frequently asked questions
- Where is Barings BDC located?
- Barings BDC is headquartered in Charlotte, US.
- Does Barings BDC lead rounds?
- Barings BDC typically participates in rounds rather than leading them.
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