MassMutual to Transition Equipment Finance Business to Barings

MassMutual plans to transition MassMutual Asset Finance (MMAF) and its direct private investments division (DPI), which provides fund financing, to Barings, an investment manager and subsidiary of MassMutual

“We are excited to welcome DPI and MMAF to Barings as we continue to expand our multi-strategy capabilities across public and private asset classes to meet the unique needs of insurance companies and other institutional investors,” Mike Freno, chairman and CEO of Barings, said. “We will continue to partner closely with MassMutual to seek out opportunities to create scale, develop our offerings, and unlock value across our platform.”

DPI provides customized proprietary secured loans to private capital managers and funds backed by a range of private capital assets. The team has originated more than $35 billion in private direct investments since inception and will continue to serve its borrowers with the same standards of confidentiality. Since inception, MMAF has funded more than $20 billion in new equipment purchases.

“Both the DPI and MMAF teams have seen tremendous growth and success in the market with differentiating asset strategies,” Eric Partlan, incoming chief investment officer of MassMutual, said. “By joining Barings and having access to its institutional-quality platform, these teams will be better positioned to continue sourcing high-quality assets and expanding their offerings to third-party investors, ultimately bolstering MassMutual’s efforts to generate long-term value for our policyowners.”

DPI and MMAF will report to Eric Lloyd, president of Barings.

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

  • Hidden
  • RAM Group Holdings does not share or sell your personal information. The information we ask you to furnish is limited to what is needed to process your order fully and completely. You may unsubscribe at any time. View our Privacy Policy.
  • Please Confirm permission for Monitor/Monitordaily to e-mail you.
  • Hidden

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.