
MassMutual and Barings have announced plans to transition MassMutual's direct private investments (DPI) and MassMutual Asset Finance (MMAF) to the latter.
The transition, which will occur in the second quarter of 2023, will enable the businesses to scale their investment strategies with access to additional third-party institutional investors through Barings' global platform, while enabling Barings to provide a broadened set of complementary investment solutions to its clients.
"We are excited to welcome DPI and MMAF to Barings as we continue to expand our multi-strategy capabilities across public and private asset classes to meet the unique needs of insurance companies and other institutional investors," Mike Freno, chairman and CEO of Barings, said.
"We will continue to partner closely with MassMutual to seek out opportunities to create scale, develop our offerings, and unlock value across our platform."