Barings CEO Mike Freno says firm wins $2.1 billion NCIA mandate
MCI•Barings expands North Carolina partnership with $2.1 billion mandate
Barings CEO Mike Freno says the firm has expanded its partnership with the North Carolina Investment Authority with $2.1 billion of committed capital for real estate debt, CMBS, and capital solutions.
- The mandate allocates $1 billion to loans backed by institutional-quality commercial real estate across North America and Europe.
- It commits $800 million to Barings’ Commercial Mortgage-Backed Securities strategy.
- A further $300 million backs Barings’ Capital Solutions strategy focused on secured debt financings across the capital structure.
- Barings has managed assets for North Carolina’s retirement system for more than 10 years.
