Investment platform Corinthia Global Management is hiring a 20-plus private credit team from $381m global investment management firm Barings, according to a report by Bloomberg citing people with knowledge of the matter.
Ian Fowler and Adam Wheeler, who were Co-Heads at Barings, were confirmed to be part of the team lift and have been succeeded by Bryan High as Head of Global Private Finance. The former also served as President of Barings BDC, a publicly traded fund, and has been succeeded in that role by Matthew Freund.
The report quotes Mike Freno, CEO of Barings, as saying in a statement: “The majority of the team remains, and will work together under the leadership of Bryan High and senior leaders Stuart Mathieson and Tyler Gately to ensure a seamless transition for our clients.”
Corinthia is backed by Nomura Holdings, which forms part of Japan’s largest investment bank and brokerage group. As a shareholder, Nomura has been developing a global strategy to compete in the $1.7tn private credit market, with its US investment management arm also looking to grow in the space.
Barings is owned by Massachusetts Mutual Life Insurance Company (MassMutual) and is headquartered in Charlotte, North Carolina.
