Barings Leads $465 Million Debt Financing for Morgan Stanley Capital Partners’ Recapitalization of World 50

March 28, 2024 at 09:00 AM EDT

Barings, one of the world’s leading investment managers, served as lead agent, joint lead arranger, and joint bookrunner to provide a $465 million debt financing to support Morgan Stanley Capital Partners’ (“MSCP”) sale of World 50 Parent LLC and its related subsidiary companies (“World 50” or “the Company”) to a single asset GP-led continuation fund investment vehicle managed by an affiliate of MSCP.

“Barings deeply values our relationship with Morgan Stanley Capital Partners and appreciates the opportunity to provide our continued support to World 50,” said Tyler Gately, Head of Barings’ North American Private Credit Group. “With its exceptional member experience, World 50 provides an important resource to its membership base of global CEOs, board directors and senior executives. We are confident its continued partnership with MSCP will position the Company for accelerated growth.”

This transaction expands Barings’ $32.89 billion* Global Private Finance platform, which leverages a deep bench of more than 80 investment professionals and a 30-year track record of providing financing solutions to sponsors while generating attractive risk-adjusted returns for investors.

About Barings

Barings is a $381+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.

*Assets under management as of December 31, 2023

About World 50

Headquartered in Atlanta, GA, World 50 is a leading peer to peer community for CEOs, board directors, C-suite executives, and emerging enterprise leaders at globally respected organizations. Since 2004, World 50 has served as a beacon for the senior most executives to stay ahead. Through highly curated product and service offerings, World 50 fosters small, private communities for executives from a multitude of functions and industries to build impactful relationships with one another, work through challenges, and elevate their impact as leaders. World 50 members are at the forefront of transformation, leading organizations with a total market cap exceeding US $34 trillion and more than 37 million employees worldwide. World 50’s mission remains laser focused on accelerating the success of the company’s members, their teams, and their organizations. For more information about World 50, please visit: world50.com

About Morgan Stanley Capital Partners

Morgan Stanley Capital Partners, part of Morgan Stanley Investment Management, is a leading middle-market private equity platform that has invested capital for over three decades. Morgan Stanley Capital Partners focuses on privately negotiated equity and equity-related investments primarily in North America and seeks to create value in portfolio companies primarily in a series of subsectors in the business services, consumer, healthcare, education and industrials markets with an emphasis on driving significant organic and acquisition growth through an operationally focused approach. For further information about Morgan Stanley Capital Partners, please visit www.morganstanley.com/im/capitalpartners.