Joe Plank, Managing Director, Barings Global Private Finance Group, said “We are delighted to be partnering with HGGC to continue supporting Centralis in its next stage of growth. We look forward to collaborating with HGGC on this and future transactions.”

Commenting, a spokesperson for HGGC, said "The financing arrangement that Barings has provided is a testament to Centralis’ strong track record and provides ample room for Centralis to execute its growth strategy. We are pleased to welcome Barings as our lead lender to support Centralis’ future growth journey and look forward to our continued collaboration.”

About Barings
Barings is a $421+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets, and capital solutions.

About HGGC
HGGC is a values-driven, partnership-focused private investment firm. The firm’s ecosystem of investors, operators, and professionals are united by the shared mission to develop leading enterprises and build long term value together. HGGC invests in technology, business services, financial services and consumer enterprises generally valued between $200M – $1.5B+. The firm is based in Palo Alto, CA and manages over $8 billion in cumulative capital commitments. Since its inception in 2007, HGGC has completed more than 700 platform investments, add-on acquisitions, recapitalizations, and liquidity events with an aggregate transaction value of over $80 billion. More information, including a complete list of current and former investments, is available at www.hggc.com.

Media Contacts
Barings@secnewgate.co.uk / Mediarelations@barings.com

*As of December 31, 2024