Barings BDC announces $550m lending partnership with US pension fund

By Alexander Saeedy
10 May 2019

Barings BDC announced on Thursday that it is forming a joint venture with the State of South Carolina Retirement System (SCRS) that will invest in private debt, syndicated senior secured loans, structured products and real estate debt.

“Our intention is to drive shareholder returns not just through middle market investments but also through the effective use of our non-qualified asset bucket via a joint venture with a very respected institutional partner,” said Jonathan Bock, chief financial officer at Barings BDC, on an earnings call Friday ...

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