Barings, one of the world’s largest diversified real estate investment managers, announced today that industry veteran Joel Pecoy has joined Barings to lead U.S. Real Estate Debt Asset Management, effective immediately. In his new role, Pecoy will be responsible for managing an approximately $25 billion real estate debt portfolio covering nearly 380 assets in the U.S. He will join the U.S. Real Estate Debt Investment Committee and oversee a team of 12 asset managers and servicers, reporting to Nasir Alamgir, Head of U.S. and European Real Estate Debt.
“We are thrilled to welcome Joel to our team and to build on our strong momentum as we navigate an evolving real estate landscape and seek to unlock value for our investors across the risk spectrum,” said Alamgir. “We believe Joel’s proven track record of managing loans through multiple economic cycles, his leadership skillset, and team-based approach to investing will further enhance our capabilities as we continue to grow our platform over the long term.”
Pecoy brings over 25 years of real estate investing experience to the team, most recently serving as Head of Real Estate Debt Asset Management at Ares. Prior to Ares, Pecoy served as Head of Debt Asset Management at UC Funds and as Finance and Acquisitions Manager at Colony Hills Capital. He has a B.A. in Business from the University of Massachusetts and was a Petty Officer Second Class in the U.S. Navy.
“I’m excited to join a deep bench of senior leaders and a platform that I have long admired, with a strong growth trajectory, broad direct origination capabilities, and deep credit expertise,” said Pecoy. “I look forward to further enhancing Barings’ asset management capabilities and to deepening our close partnership with origination, portfolio management, underwriting, and servicing teams as the platform continues to expand.”
About Barings
Barings is a $431+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.
*Assets under management as of September 30, 2024
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