Company Profile
- Barings Capital Investment Corporation (“the company” or “BCIC”), headquartered in Charlotte, NC, was formed in February 2020 as a Maryland limited liability company and converted to a Maryland corporation on April 28, 2020. BCIC has elected to be regulated as a BDC under the Investment Company Act of 1940 and has elected to be regulated as a regulated investment company (“RIC”) for tax purposes.
- BCIC's external adviser, Barings LLC (“the Adviser” or “Barings”), is affiliated with Massachusetts Mutual Life Insurance Company (“MassMutual”), which was established in 1851 and had over $1 trillion in life insurance in force as of 4Q24.
- MassMutual owns ~ 21.9% of BCIC. Other key investors are South Carolina Retirement System, Alberta Pension, NY Nurses, Cliffwater LLC, VMI, and Wells Fargo.
- Barings continues to evaluate liquidity options, including a transaction with an affiliate entity or liquidate BCIC after the 7-year investment period …