March 28, 2024

Barings Leads $465 Million Debt Financing for Morgan Stanley Capital Partners’ Recapitalization of World 50

Barings, one of the world’s leading investment managers, served as lead agent, joint lead arranger, and joint bookrunner to provide a $465 million debt financing to support Morgan Stanley Capital Partners’ (“MSCP”) sale of World 50 Parent LLC and its related subsidiary companies (“World 50” or “the Company”) to a single asset GP-led continuation fund investment vehicle managed by an affiliate of MSCP. 

“Barings deeply values our relationship with Morgan Stanley Capital Partners and appreciates the opportunity to provide our continued support to World 50,” said Tyler Gately, Head of Barings’ North America Private Credit Group. “With its exceptional member experience, World 50 provides an important resource to its membership base of global CEOs, board directors and senior executives. We are confident its continued partnership with MSCP will position the Company for accelerated growth.”

This transaction expands Barings’ $32.89 billion* Global Private Finance platform, which leverages a deep bench of more than 80 investment professionals ​and a 30-year track record of providing financing solutions to sponsors while generating attractive ​risk-adjusted returns for investors.

About Barings
Barings is a $381+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.

*Assets under management as of December 31, 2023

About World 50
Headquartered in Atlanta, GA, World 50 is a leading peer to peer community for CEOs, board directors, C-suite executives, and emerging enterprise leaders at globally respected organizations.  Since 2004, World 50 has served as a beacon for the senior most executives to stay ahead. Through highly curated product and service offerings, World 50 fosters small, private communities for executives from a multitude of functions and industries to build impactful relationships with one another, work through challenges, and elevate their impact as leaders. World 50 members are at the forefront of transformation, leading organizations with a total market cap exceeding US $34 trillion and more than 37 million employees worldwide. World 50’s mission remains laser focused on accelerating the success of the company’s members, their teams, and their organizations. For more information about World 50, please visit: world50.com 

About Morgan Stanley Capital Partners
Morgan Stanley Capital Partners, part of Morgan Stanley Investment Management, is a leading middle-market private equity platform that has invested capital for over three decades. Morgan Stanley Capital Partners focuses on privately negotiated equity and equity-related investments primarily in North America and seeks to create value in portfolio companies primarily in a series of subsectors in the business services, consumer, healthcare, education and industrials markets with an emphasis on driving significant organic and acquisition growth through an operationally focused approach. For further information about Morgan Stanley Capital Partners, please visit www.morganstanley.com/im/capitalpartners.

Important Information

The document is for informational purposes only and is not an offer or solicitation for the purchase or sale of any financial instrument or service in any jurisdiction. The material herein was prepared without any consideration of the investment objectives, financial situation or particular needs of anyone who may receive it. This document is not, and must not be treated as, investment advice, an investment recommendation, investment research, or a recommendation about the suitability or appropriateness of any security, commodity, investment, or particular investment strategy, and must not be construed as a projection or prediction.

In making an investment decision, prospective investors must rely on their own examination of the merits and risks involved and before making any investment decision, it is recommended that prospective investors seek independent investment, legal, tax, accounting or other professional advice as appropriate.

Unless otherwise mentioned, the views contained in this document are those of Barings. These views are made in good faith in relation to the facts known at the time of preparation and are subject to change without notice. Individual portfolio management teams may hold different views than the views expressed herein and may make different investment decisions for different clients. Parts of this document may be based on information received from sources we believe to be reliable. Although every effort is taken to ensure that the information contained in this document is accurate, Barings makes no representation or warranty, express or implied, regarding the accuracy, completeness or adequacy of the information.

This document is issued in Australia by Barings Australia Pty Ltd.