What is BDC Inc?
Barings BDC, Inc. (NYSE: BBDC) is a publicly traded, externally managed business development company (“BDC”) that primarily makes debt investments in middle market companies. BBDC is managed by Barings, LLC, a premier global asset manager with over $387+ billion of AUM firm-wide.
Is Barings a private company?
Barings LLC, known as Barings, is an international investment management firm owned by Massachusetts Mutual Life Insurance Company (MassMutual)….Barings LLC.
| Type | Private |
|---|---|
| AUM | US$382+ billion (June 2021) |
| Owner | MassMutual Financial Group |
| Number of employees | 2,000+ employees globally |
| Parent | Massachusetts Mutual Life Insurance Company |
How is BDC funded?
Our innovative financing and advisory services are specifically created to respond to the needs of today’s Canadian businesses. We do not receive government funding for the money we offer in loans; rather, our funds are borrowed on the money market like other commercial banks.
Who invests BDCs?
Qualifying as a BDC The BDC must invest at least 70% of its assets in private or public U.S. firms with market values of less than US$250 million. These companies are often young businesses, seeking financing, or firms that are suffering or emerging from financial difficulties.
Is BDC a Government agency?
The Business Development Bank of Canada (BDC) is a Crown corporation created by Parliament and wholly owned by the Government of Canada.
Is BDC owned by the Government?
We are BDC, the Business Development Bank of Canada and the financial institution devoted to Canadian entrepreneurs. We are a financially sustainable Crown corporation and we operate at arm’s length from our sole shareholder, the Government of Canada.
Who is MassMutual owned by?
MassMutual provides financial products such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. Major affiliates include Barings LLC, and Haven Life Insurance Agency….MassMutual.
| Trade name | MassMutual |
|---|---|
| Website | www.massmutual.com |
What bank does MassMutual use?
The MassMutual Trust Company, FSB is a federal savings bank chartered by the Office of the Comptroller of the Currency to provide discretionary and nondiscretionary trust and fiduciary services in all states.
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