Barings has appointed Ankit Aggarwal as Head of Global CLO Issuance and Capital Markets, a newly created role. Based in New York, Aggarwal will lead the firm's global CLO issuance platform and capital markets strategy for its $55 billion CLO platform spanning broadly syndicated loans, private credit, and infrastructure debt. Aggarwal joins from Bank of America, where he led the US CLO banking and structuring team and CLO equity distribution. He has nearly two decades of experience in structured credit and capital markets. Earlier in his career, he served as Vice President at Deutsche Bank, focusing on CLO origination and structuring. Barings is a $502 billion global alternative asset manager.

Barings has appointed Brian Maute as Head of U.S. Wealth in a newly created role. Maute will lead the firm's US wealth distribution strategy across intermediary channels, including registered investment advisors, broker dealers, private banks and family offices. He will report to Ilena Coyle, Head of North America Insurance and Intermediary Distribution. Maute joins from DWS Group, where he spent over 15 years, most recently as Head of U.S. Wealth and chief executive officer of DWS Distributors. He will focus on expanding advisor and investor access to Barings' global investment platform across credit, real assets, capital solutions and emerging markets. Barings is a $502 billion global alternative asset manager and subsidiary of MassMutual.

The Fidelis Partnership (TFP) has priced a $2.04 billion refinancing, replacing its unitranche facility with a new senior secured Term Loan B facility. The transaction reduces TFP's cost of debt to SOFR + 2.75% from SOFR + 5%. The refinancing comes with TFP's inaugural public credit ratings: Ba3 (Stable) from Moody's, BB- (Positive) from Fitch, and B+ (Positive) from S&P. TFP's written premium reached $5.4 billion in 2025 through organic growth. The company now underwrites across more than 150 lines of business in 140 countries. Founder Richard Brindle said the refinancing marks an important milestone. The Term Loan B is expected to close in August 2026, subject to customary closing conditions.