Charlotte-based Barings acquires specialist asset manager Gryphon to boost its capabilities in structured finance and accelerate entry into Australia’s wealth market.
Barings has entered into an agreement to acquire 100 percent of Gryphon Capital Partners – parent company of wholly-owned Gryphon Capital Investments (GCI) – according to a statement.
The deal is expected to close on March 31, subject to various conditions, following Barings’ August 2022 acquisition of Australia-based real estate firm Altis Property Partners.
«The transaction will enable Gryphon to scale its investment strategy through Barings’ global platform while expanding Barings’ global structured finance solutions in the APAC region and accelerating Barings’ entry into the Australian wealth market,» the US asset manager said.
Structured Finance
Gryphon’s team and its A$2.6 billion ($1.7 billion) in assets under management (AUM) will combine with Barings Global Structured Finance’s $8.2 billion in AUM. There will be no personnel change with Steven Fleming and Ashley Burtenshaw continuing as portfolio managers for GCI.
«This transaction will also create a springboard for us to grow our structured finance capabilities in APAC,» said Barings chairman and CEO Mike Freno.
Gryphon was established in 2014 as an independent specialist asset manager focused on investments in structured finance and less liquid credit markets in Europe and Australia. Its partners have an average of 20 years of relevant experience in trading, originating and investing across London, New York, Tokyo and Australia.
