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Barings closes global credit fund at $1.3 billion

A closed sign hanging in a shop window

Barings has closed a second global credit fund, the $1.3 billion Barings Global Private Loan Fund II, said David Coburn, Barings spokesman, in an email.

Barings, a subsidiary of MassMutual Financial Group, raised the fund in six months.

The fund, which attracted 26 investors from 11 countries, will invest primarily in global private senior secured corporate loans.

Investors include the £4.5 million ($5.8 million) Derbyshire County Council Pension Fund, Matlock, England.