Partners Group and Barings have closed an investment-grade rated financing to support a $365 million investment in Partners Group Private Loans SICAV-SIF, an evergreen private credit vehicle focused on global direct lending. 

The transaction deepens the firms’ long-standing partnership and marks the latest in a series of private credit facilities jointly executed by Partners Group and Barings. The vehicle pursues a relative-value strategy, leveraging Partners Group’s thematic and sector expertise to originate senior secured loans to sponsor-backed borrowers across non-cyclical and defensive industries in developed markets. 

Barings Portfolio Finance led the structuring, legal documentation, and execution of the transaction and provided the full amount of the investment-grade rated loans. Credit enhancement was supplied by a group of institutional investors, with DBRS serving as the ratings agency. 

“Working with leading global firms like Barings enables us to create bespoke structures that provide access to private markets strategies and meet the evolving needs of a broad range of investors,” said Andrew Bellis, Partner and Head of Private Credit at Partners Group. 

Advisors on the transaction included Dechert LLP as counsel to Partners Group and Cadwalader, Wickersham & Taft LLP as counsel to Barings. GreensLedge acted as financial adviser to Partners Group, with Citi and Alter Domus serving as Collateral Agent and Loan Agent, respectively.