Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Barings Bets $166MM On an Ally to AMs Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 07, 2021

Barings Bets $166MM On an Ally to AMs

Reported by Neil Anderson, Managing Editor

An insurer-backed asset manager is making a nine-figure bet on an ally to asset managers, and the partnership may extend further.

Jeffrey Kent "Jeff" Seeley
iM Global Partner
Deputy CEO, Head of U.S.
Today Adam Wheeler, co-head of global private finance at Barings, and Philippe Couvrecelle, CEO and founder of iM Global Partner [profile], confirm that Barings is supporting iM Global Partner with a 120-million-pound ($166-million) acquisition facility. The iM Global Partner team expects to use that facility this summer, and the two firms are looking into Barings lending iM Global Partner more money to finance further expansion.

Paris-based iM Global Partner's main strategy is to buy minority stakes in asset managers worldwide and offer them distribution support. They also recently bought a U.S.-based subadvised mutual fund family. Jeff Seeley, deputy CEO of iM Global Partner, is the firm's U.S. chief.

The Barings-iM Global Partner deal comes as Barings, a subsidiary of MassMutual (a U.S. insurance company), is merging its mutual funds with another fund family.

Wheeler praises the iM Global Partner team as "a strong credit opportunity as the platform only invests in conservative and proven partners and therefore shows a strong resilience to absorb market volatility."

"The debt financing is a great addition to the equity arm led by Eurazeo, our principal shareholder, as well as Amundi, IK Investment Partners and Luxempart," Couvrecelle states. "We are on a trajectory to reach $150bn in assets under management by 2030."

As of June 2021, iM Global Partner represented more than $27 billion in AUM. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use