Dividend Yield
11.5% annualized
Geography
75%–100% North America
0%–25% Europe & APAC
Issuer Diversification
361 names*
*Includes Eclipse and Rocade portfolios of underlying first lien loan exposure in total.
FOR USE WITH ACCREDITED INVESTOR ONLY. NOT FOR FURTHER DISTRIBUTION.
Barings Private Credit Corporation (BPCC)
BPCC is a high-quality, highly diversified, floating rate income solution that offers portfolio diversification across issuer, industry, and geography.
What is BPCC?
In this video, we provide a short overview of BPCC, a potential solution for investors searching for income, downside protection and diversification.
What is a BDC?
In this short video, we break down the basics of BDCs: What they are, why investors might consider them, and how to access the asset class.
Term Sheet
| Fund Name | Barings Private Credit Corporation (“BPCC”) |
| Target Size | $2+ billion of commitments (~$4.5 billion total with leverage) |
| Dividend | Current Distribution Rate = 11.5%1 |
| Liquidity | Monthly subscriptions and quarterly redemptions2 |
| Target Asset Mix | >80% 1st lien senior secured; <15% 2nd lien senior secured |
| Target Fund Leverage | Target leverage: 0.90–1.25x to 1 (debt to equity) |
| Geography | Global, 75–100% United States, 0–25% Europe and Asia Pacific |
| Industry Diversification | Maximum 20% to borrowers in any single industry |
| Issuer Diversification | Target 200+names; no more than 10% in any single portfolio investment |
| Origination/Upfront/OID | 100% pass-through of upfront loan fees |
| Management Fee | 75 bps of gross assets if TTM ROE is <8% 75 bps base/20 bps incentive (95 bps total) of gross assets if TTM ROE is between 8% and 9% 75 bps base/50 bps incentive (125 bps total) of gross assets if TTM ROE is >9% |
| Investor Eligibility | Accredited Investors |
| Minimum Investment | $50,000 |
| Tax Reporting/ECI | Form 1099-DIV. The perpetual BDC is not subject to asset seasoning for foreign investors. Barings Private Credit Corp is also not subject to U.S. withholding tax/income tax on its distribution.3 |
1. BPCC declared a monthly dividend of $0.20 per share for August, resulting in an annualized dividend yield of 11.6% based on the September 30th net asset value per share.
2. Subject to Board approval.
3. BPCC may be subject to withholding tax on certain non-US investments. See “Important Disclosure Information” in BPCC’s Form 10 at bit.ly/bpcc-sec. This document has been delivered at your request and is for discussion purposes only. All terms, and conditions contained hereinare subject to and will be superseded by the final documentation. This document is not an offer or solicitation to purchase interests in a strategy and no such orders will be accepted at this time. Such interests are only offered pursuant to the terms of the offering documents, which should be reviewed carefully prior to investing.
Why Private Credit?
High income potential compared with the current low-rate environment
Premium to large corporate market with relatively low risk profile, lower leverage and higher equity contributions
Global opportunity set provides opportunities to construct highly diversified portfolios across issuer, industry, currency and geography
Global team and dynamic portfolio management help uncover best relative value throughout portfolio construction
Majority floating-rate investments help mitigate impact from rising rates
Meet the Team
Bryan High
Chief Executive Officer
Matt Freund, CFA
President
Gerald Cummins
Chief Compliance Officer
Elizabeth Murray
Chief Financial Officer & Chief Operating Officer
Ashlee Steinnerd
Chief Legal Officer
Albert Perley
Treasurer
Joseph Mazzoli, CFA
Head of Investor Relations & Client Development
Eric Lloyd
Chairman of the Board of Directors
Mark Mulhern
Independent Director
Tom Okel
Independent Director
Jill Olmstead
Independent Director
Get in Touch
Learn More About BPCC
To learn more about our offerings, please contact a member of our Business Development team.
