Barings' David Mihalick and Martin Horne discuss the blurring lines between public and private credit markets and the implications for asset managers, borrowers and investors. Episode Segments: (03:17) – What’s driving the blurring of lines between public & private credit? (09:47) – The ebb and flow between the public and private loan markets (14:2…

Michael Searles, Head of North America – Capital Solutions, explains why capital solutions strategies are garnering increased interest from institutional investors looking to diversify their private credit allocations and gain access to potentially uncorrelated returns. Episode Segments: (05:42) – How Barings defines Capital Solutions strategies (0…

Kelly Burton sheds light on the technical and fundamental picture for high yield bonds today as investors grapple with an increasingly noisy macroeconomic and political backdrop. Episode Segments: 02:30 – Kelly’s background and role at Barings 05:18 – What market technicals are telling us about high yield 09:26 – Assessing issuer fundamentals again…

The U.S is experiencing a housing crisis driven by a lack of new supply and challenged affordability. But for investors providing the capital to modernize the country’s stock of housing, attractive returns may lie ahead. Maureen Joyce explains. Episode Segments: (04:41) – The key factors driving the U.S. housing crisis (09:02) – The demographic gro…

Dr. Ricardo Adrogué joins the podcast to discuss why risks including those related to inflation, interest rates and EM elections are increasingly behind us, setting the stage for a possible resurgence in investor appetite for EM Debt. Episode Segments: (02:45) – Is EM election risk behind us? (10:10) – How the outcome of the U.S. election may impac…

Barings Chairman & CEO, Mike Freno, joins the podcast to discuss recent developments in the firm’s Global Private Finance platform, the strong momentum in its public and private assets businesses, and where he and the Barings team see opportunities for growth ahead. Episode Segments: (01:51) – Recapping two strong years of growth for Barings (04:17…

Against a backdrop of stickier-than-expected inflation, higher-for-longer rates, and persistent geopolitical risks, what is the outlook for high yield bonds and senior secured loans? Global High Yield Portfolio Manager, Brian Pacheco, weighs in. Episode Segments: (03:29) – How the macro backdrop has changed for high yield this year (06:28) – Why th…

While European real estate markets have faced headwinds in recent years, there are signs that we may be at or nearing the trough of the cycle. Portfolio manager, Rory Allan provides insight into where the Barings team is finding attractive opportunities to deploy capital today. Episode Segments: (02:11) – Assessing the macro background for European…

Head of Public Assets, Martin Horne, discusses the factors shaping the outlook for fixed income markets in 2024 including interest rates, corporate fundamentals and valuations. Episode Segments: 02:20 - How the macro backdrop is shaping the outlook for fixed income 04:12 - Are markets too aggressive in pricing in rate cuts? 05:45 - Corporate fundam…

Business development companies (BDCs) continue to garner increased investor attention driven by demand for income and access to the growing private credit asset class. Barings' Matthew Freund discusses the cyclical and structural trends shaping the market opportunity today. Episode Segments: (02:29) – Defining our terms: BDCs (04:08) – The structur…

While commercial real estate markets continue to face cyclical and structural headwinds, real estate debt may prove to be a bright spot for investors in 2024 – benefiting from attractive valuations and increased institutional take-up of the asset class. Nasir Alamgir explains. Episode Segments: 02:00 – How the RE debt landscape has changed over the…

Dennis Ho, CEO of Martello Re, sits down with Barings’ Colin Gordon to discuss the creation and rapid growth of Bermuda-based reinsurer Martello Re, and how trusted partnerships have been the key to tackling challenges ranging from investment returns to hiring and beyond. Episode Segments: (02:20) – From trading hockey cards to managing a multi-bil…

Daron Tubian, Head of Affordable Housing Investments at Barings, sits down with Rich Roberts of Red Stone Equity Partners to discuss the housing affordability crisis in the U.S., and how investors can play a role in the solution while also earning potentially attractive returns. Episode Segments: (01:55) - Looking back on 30 years in affordable hou…

How will higher rates impact real estate markets in 2024? Will valuations finally become more clear? And is real estate debt poised to shine in the year ahead? Our panel of experts from the U.S., Europe, & Australia answer these questions and more in this special outlook episode. Moderator: Maureen Joyce - Head of U.S. Real Estate Asset Management …

From high yield and investment grade credit to emerging markets and securitized debt, what will 2024 hold for fixed income investors? Our panel of experts weighs in on the opportunities and risks ahead. Moderator: Matt Livas, Head of Client Portfolio Management for Public Fixed Income Panelists: Ricardo Adrogue, Head of Global Sovereign Debt & Curr…

Is all the doom and gloom around commercial real estate warranted? Or are there still opportunities for savvy investors? Joe Gorin discusses this and why tomorrow's real estate equity portfolios may ultimately look significantly different than those of today. Episode Segments: (01:32) – Not sugarcoating the outlook for real estate equity (03:43) – …

With yields on bonds and loans near historical highs and the credit quality of the high yield market materially higher than in past cycles, investors may not need to take excessive risks to earn attractive returns in below-investment-grade markets today. Barings' Co-Head of Global High Yield, Scott Roth explains. Episode Segments: (02:00) – What’s …

Orhan Sarayli, Head of North America on Barings' Global Infrastructure Debt team joins the podcast to discuss the evolving opportunity set in infrastructure debt, including who is buying the asset class today, and what trends may underpin its growth in the years to come. Episode Segments: (01:05) – Defining the infrastructure debt universe today (0…

From Wall Street economists to local taxi drivers, everyone is talking about the challenges facing U.S. office real estate. How big is the problem? What are the potential solutions? And will there be investment opportunities along the way? Barings' Dags Chen weighs in. Episode Segments: (01:55) - How big the "office problem" actually is (04:50) - A…

Co-Head of Structured Credit Investments, Melissa Ricco provides insight into the current dynamics driving the collateralized loan obligation market and why she and the team are seeing compelling opportunities, particularly at the top of the capital stack. Episode Segments: (01:28) - The impact of higher rates and an uncertain macro backdrop on CLO…

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: Eme…

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 invest…

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…

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 …

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:…

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 (…

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) - W…

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 …

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…

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 …

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 marke…

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 vo…

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 m…

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 institut…

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 volatili…

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…

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 …

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 hi…

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…

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 …

What lies ahead for EM debt markets in 2022? Risks include higher rates and inflation as well as uncertainties surrounding China and the path of the pandemic. But with defaults still low and spreads wide by historical standards, opportunities look likely to arise. Episode segments: 02:17 - What drove EM debt markets in 2021 05:16 - The state of the…

Portfolio manager, Rory Allan, joins Streaming Income to discuss the health of European real estate markets today, where the team is currently seeing--and creating--the most value, and how ESG considerations are continuing to change the investment landscape. Episode Segments: 02:55 — Barings Real Estate's investment and ESG philosophies 07:23 — Ass…

Barings’ David Mihalick and Chris Sawyer assess the health of the global high yield bond and loan markets against a backdrop of COVID uncertainty, potentially higher rates and an ever-increasing focus on ESG. Episode Segments: 04:45 — How healthy are U.S. and European high yield issuers? 12:30 — The latest on COVID-impacted sectors 17:06 — Preparin…

Omotunde Lawal, Head of EM Corporate Debt, sheds light on China’s recent regulatory crackdowns on industries ranging from technology to education to property, and explains the risks and opportunities these actions may present for fixed income investors. Episode Segments: 02:50 — The scope of China's recent regulatory crackdowns 13:25 — The motivati…

Ricardo Adrogue and Kawtar Ed-Dahmani see room for positive economic surprises in emerging markets despite concerns from COVID to higher interest rates to inflation. They explain why ESG factors are so critical to sustaining long-term growth and performance in these markets. Episode Segments: 04:13 — What's driven EMD markets so far this year 10:30…

High yield portfolio manager, Gareth Hall, provides insight into three ESG challenges facing high yield managers today—from influencing company behavior as debt holders, to measuring carbon emissions and advocating for their reduction, to solving for data limitations. Episode Segments: 04:04 — Gareth's background and role at Barings 06:30 — How fix…

Co-Heads of Structured Credit, Melissa Ricco and Taryn Leonard provide insight into last year’s ‘rollercoaster ride’ in CLOs, and explain why both fundamental and technical factors appear to be aligning to create a strong backdrop for the asset class moving forward. Episode Segments: 03:20 — How CLOs weathered the 2020 pandemic volatility 05:34 — M…

The Life Sciences real estate market is growing rapidly with investor and tenant interest reaching new highs. Barings Real Estate’s Joe Gorin and Nasir Alamgir explain what’s driving this—from both equity and debt perspectives—and weigh in on where the market may go from here.Episode Segments04:17 — What's driving tenant and investor demand for Lif…

Barings’ Stuart Mathieson and Bryan High provide insight into today’s distressed debt market, including their expectations for defaults, an overview of the competitive landscape, and where the next opportunities may emerge across the U.S. and Europe.Episode Segments:5:50 – Flattening the default curve8:02 – Relative value between the U.S. and Europ…

Barings’ Cem Karacadag discusses the outlook for emerging markets debt, including the uneven impact of the pandemic, how rising interest rates and fluctuating currencies may influence the picture, and the increasing role that ESG is playing in identifying winners and losers.Episode Segments:03:15 -- How the pandemic played out in EMs in 202005:45 -…