Head of Diversified Alternative Equity, Mina Nazemi, shares three opportunities that she and the team currently see in private equity and real assets, including: emerging managers, continuation vehicles and "real assets 2.0." Episode Segments: (01:40) – 3 themes to watch – the denominator effect, valuations & inflation (08:53) – Opportunity #1: Emerging Managers – what history tells about emerging, women & diverse managers (17:41) – Opportunity #2: Continuation Vehicles –...

Head of Capital Solutions, Bryan High, sat down with Zayd Hamman, Chairman of Coastal Marinas to discuss how the management team has built an impressive platform for owning and operating marinas in Charleston, SC, and how Barings has partnered with them along the way. Episode Segments: (02:02) – Zayd Hammam’s background in special situations investing (04:56) – The skillset needed to invest in bespoke opportunities (06:40) – The multi-decade opportunity in owning & operating...

Head of Public Fixed Income, Martin Horne discusses the current opportunities and risks in public fixed income markets and compares today's macro backdrop with those faced in prior economic slowdowns. Episode Segments: (01:15) - How corporate fundamentals look from the bottom up (07:19) - How the banking crisis is impacting fixed income markets (12:53) - Sectors that look vulnerable in a recession (16:15) - Are sell-side default forecasts too pessimistic? (19:37) - The potential impact of...

Head of Private Multi-Asset Investing, John McNichols describes how the recent banking crisis is impacting private markets and discusses where he and the Barings team are seeing private market opportunities in areas like construction loans and European direct lending. Episode Segments: (2:11) – John’s role at Barings and the investment universe he focuses on (4:00) – Sizing up the impact of the banking crisis & why Europe looks well-positioned (10:38) – The current opportunity in...

Co-Heads of Global Private Finance, Ian Fowler and Adam Wheeler discuss the current landscape in private credit markets, and how structural and cyclical forces are converging to create clear winners and losers among private credit managers. Episode Segments: (02:36) – The backdrop for private credit markets (04:36) – The macro picture in North America (07:59) – The health of middle market companies (11:15) – How the competitive landscape differs by region (18:14) – The factors that...

In the first episode of our new Investing Together series, Mercer's Global Head of Private Debt, David Scopelliti joins Barings' David Mihalick to discuss the evolution of private credit, including how this market developed, what conditions are like today, and where we go next. Episode Segments: (02:00) – David’s career path and role at Mercer (05:23) – How private debt markets have evolved over 30+ years (07:59) – The “five P’s” of manager selection (10:23) – Achieving diversification...

Head of Real Estate Debt Portfolio Management, Nasir Alamgir, provides an overview of the factors—both positive and negative—shaping the outlook for commercial real estate debt. Episode Segments: (01:00) - The current landscape for real estate debt (04:41) - Sizing up transaction activity (06:40) - The coming reckoning in private asset valuations (08:43) - How a monetary policy pivot could impact the outlook (10:56) - The attraction of core-plus and opportunistic risk profiles (12:09) - The...

Ricardo Adrogue, Head of Global Sovereign Debt and Currencies discusses the Barings' team's increasingly positive view on the outlook for emerging markets debt. Episode Segments: (02:21) - Reasons to be optimistic about EM Debt in 2023 (04:28) - The tug of war shaping global economic growth (07:15) - A multi-speed global economy in 2023 (08:40) - Why inflation may fall faster than expected (14:40) - The EM rate picture and a potentially weaker dollar (18:49) - The outlook for credit vs....

Barings experts in the U.S. and Europe discuss the risks and opportunities for commercial real estate debt and equity heading into 2023. Episode Segments: (02:35) – Introductions (03:35) – What’s keeping us up at night in real estate markets? (10:40) – “Hot” markets that may be at risk: Logistics, Residential, Life Science (20:20) – Is it a better time for Core, Value-Add, or Opportunistic? (30:37) – The current attraction of real estate debt (37:34) – Recent deals that the Barings teams...

Barings experts across public and private credit markets consider the risk/return dynamics shaping the opportunity set in global high yield, private credit, emerging markets and distressed debt.  Episode Segments: (06:40) - The biggest surprises in credit markets in 2022 (13:16) - The three risk premiums comprising credit market returns (14:26) - High yield outlook, the default picture, and US vs. Europe (22:04) - EM corporate debt risk/return analysis and the role of China (29:45) - Sizing...

As the global economy has slowed, investor interest in distressed debt strategies has risen. But the distressed market isn't what it used to be. Bryan High discusses how structural changes in that space and others have led to an entirely new landscape for opportunistic capital. Episode Segments: (02:43) – The traditional distressed debt opportunity and how it’s changed (05:26) – The factors driving structural change in a competitive environment (07:44) – Where defaults may go from...

Jon Bock, CEO of Barings BDC, moderates a wide-ranging discussion with leading private credit investors at the recent Barings 360 conference. Panelists: Geoffrey Berg - Chief Investment Officer, Retirement System Investment Commission of the State of South Carolina Fran Beyers - Head of Capital Markets, Cliffwater Ian Fowler - Co-Head of Global Private Finance, Barings David Mihalick - Head of Private Assets, Barings Episode Segments: (01:27) - Intros and today's private credit market as a...

As negative headlines come fast and furious, commercial real estate investors are faced with a question: Is now a time to get defensive, be opportunistic, or prepare for the worst? Learn why Co-Head of U.S. Real Estate, John Ockerbloom says the answer is 'yes' - all of the above. Episode Segments: (02:33) - Do market conditions on the ground match the negative headlines? (05:07) - A market still in price discovery mode (08:19) - The inherent defensiveness of real estate debt (12:11) - Where...

Could the market be wrong on inflation? Is China more of a drag on the global economy than commonly perceived? And how can investors navigate this extremely difficult macro backdrop? Ricardo Adrogue answers these questions and more in the latest episode of Streaming Income. Episode Segments: (01:45) - The three major headwinds facing emerging markets (04:09) - How the market could be wrong on inflation (11:02) - Managing portfolios through macro uncertainty (14:16) - The strong USD, and...

Investors are back at their desks and volatility has returned with them. How can they navigate an environment characterized by rising rates and decades-high inflation? Scott Roth and Adrienne Butler answer this question and more in the latest episode of Streaming Income. Episode Segments: (01:10) - What's been surprising about the recent bout of volatility (03:32) - What the biggest challenge in managing HY portfolios has been this year (06:10) - How inflation in impacting high yield...

Co-Heads of Global Private Finance, Adam Wheeler and Ian Fowler, describe how the economic backdrop is impacting the asset class, what assets look better-positioned heading into a potential recession and where opportunities may arise going forward. Episode Segments 2:56 - How the economic backdrop is impacting the outlook for the asset class 7:13 - The types of portfolios and assets that appear to be better positioned heading into a potential recession 14:33 - How current competitive...

Mina Pacheco Nazemi joined the Streaming Income podcast to discuss where she and the Barings team are seeing the most compelling opportunities in private equity - including among emerging managers, women & diverse managers, and in unique structures like continuation vehicles. Episode Segments: 03:15 - The big trends driving today's private equity market 06:48 - How private equity is positioned against inflation and rising rates 08:57 - The case for emerging managers in today's...

Ben Pile, Head of European Residential Investing & Asset Management discusses the factors driving increased investor interest in UK and European residential real estate—from diversification and income generation to potential inflation protection. Episode Segments: 02:35 - Sizing up the residential real estate market opportunity 05:43 - How institutional investing has developed in this market 07:51 - The factors driving increased investment in residential real estate 10:08 - The...

How does today's inflation compare to history and how are higher CPI numbers impacting economic growth? What can central bankers do to combat inflation? And how can investors navigate this environment? Dr. Christopher Smart weighs in on these questions and more. Episode Segments 03:18 - Today's inflation in context 06:03 - How inflation impacts the economic growth picture 08:02 - The three levers central bankers can pull 10:57 - The probability of recession in the next 12 - 24 months 13:29 -...

Co-Head of Structured Credit, Melissa Ricco discusses the current state of the collateralized loan obligation (CLO) market. She provides insight into the year-to-date performance of the asset class, the current credit quality picture, and what risks the team is monitoring. Episode Segments 02:55 - How CLOs have weathered this year's market volatility 04:20 - What can be learned from past periods of market stress 08:51 - Today's credit quality picture vs. the early-pandemic period 11:37 -...

Head of Private Multi-Strategy Investing, John McNichols discusses how private asset portfolios can be constructed to help investors achieve diversification and manage risks from inflation and rising rates to geopolitical conflict. Episode Segments 05:45 - Ways to achieve diversification in private asset portfolios 09:33 - How the macro environment has impacted the illiquidity premium 12:15 - Assessing the default picture 16:15 - Private asset solutions to the inflation conundrum 18:09 -...

Head of Global Resources, Clive Burstow describes the massive structural investment needed in the years ahead to transition to an energy grid powered by renewables. He weighs in on the roles new technologies, geopolitical conflict, and inflation will play along the way. Episode segments: 03:50 - Understanding the magnitude of the energy transition ahead 05:51 - The resource intensity of building a renewable-energy-based power grid 07:50 - The technologies powering the transition 15:28 -...

Barings Chairman & CEO, Mike Freno, discusses opportunities and challenges ahead for the asset management industry including what's next on the ESG and DE&I fronts, why private assets may continue to grow, and how investments in technology are critical for long-term success. Episode segments: 02:45 — What's surprised Mike the most 15 months into his role as Chairman & CEO 06:02 — The evolution of asset manager partnerships with institutional investors 08:22 — How the ESG...

How can fixed income investors navigate a backdrop of rising rates and high inflation? Head of Public Fixed Income, Martin Horne, compares today's market with past cycles and discusses ways to potentially mitigate risk including short duration strategies and floating-rate assets. Episode segments: 02:34 — The macro backdrop for fixed income markets 09:24 — Are higher rates and inflation already priced in? 14:34 — Assessing the fundamental strength of credit issuers 19:19 — Strategies for...

Insurance investors are increasingly turning to real estate debt and equity investments to generate income and to combat the impact of inflation. Ann Bryant and John Ockerbloom discuss the factors that insurance investors need to consider when allocating to the asset class. Episode segments: 02:25 — The fundamental backdrop for real estate markets 06:10 — The role of real estate in insurance portfolios 08:40 — How insurance investors access the asset class 11:17 — When to sell real estate...