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New Barings Launches Today

ings Launches Today

Combination of MassMutual affiliates creates a $275B+ global asset manager with
distinctive expertise across traditional and alternative asset classes

CHARLOTTE, N.C., 2016-09-12 06:01 CEST (GLOBE NEWSWIRE) --
Babson Capital Management announced today that it has successfully completed
the integration of four Massachusetts Mutual Life Insurance Company
(MassMutual) institutional affiliates (previously announced on March 9). Babson
Capital Management LLC, its subsidiaries Cornerstone Real Estate Advisers LLC
and Wood Creek Capital Management, LLC, and Baring Asset Management Limited are
now operating as a unified company under the Barings name.

The Barings brand and logo have been refreshed, reflecting a modern and
forward-looking asset management firm committed to meeting the evolving
investment and capital needs of its clients.

“This merger marks an exciting moment in our history, and it enhances our
ability to provide comprehensive, innovative solutions to help our clients meet
their investment objectives,” commented Tom Finke, Chairman and Chief Executive
Officer of Barings. “The new Barings possesses expanded depth and breadth of
expertise across the global fixed income, equity, real estate and alternative
asset markets. In addition, our integrated global footprint gives us a broader
perspective, access to a more-diverse set of opportunities and strengthens our
ability to invest across global markets.”

With this integration, Barings becomes one of the world’s largest and most
diversified asset management organizations that has:

-- More than $275 billion in client assets under management
-- Over 1,700 employees in 41 offices across 17 countries
-- Over 600 investment professionals globally across a broad range of asset

Within the newly created organization, each investment area will have dedicated

-- Russ Morrison will serve as the firm’s President and lead global fixed
income, equity and multi-asset strategies;
-- Scott Brown will lead global real estate; and
-- Anthony Sciacca will lead global alternative investments and private

Roger Crandall, Chairman, President and CEO, MassMutual, commented: “We are
extremely pleased to reach this important milestone, bringing together our
world-class, institutional asset management affiliates into a unified global
asset manager and broadening our offerings and commitment to clients around the
world. Importantly, the launch of the ‘new’ Barings builds on the distinctive
legacies of these four firms, represents an important strategic step forward
that further differentiates us in the marketplace and positions our asset
management operations to continue to succeed and lead in the years ahead.”

About Barings, LLC

Barings is a $275 billion* global asset management firm dedicated to meeting
the evolving investment and capital needs of our clients. We build lasting
partnerships that leverage our distinctive expertise across traditional and
alternative asset classes to deliver innovative solutions and exceptional
service. A member of the MassMutual Financial Group, Barings maintains a strong
global presence with over 1,700 employees and 600 investment professionals
across 41 offices in 17 countries. Learn more, at

*As of June 30, 2016.

Media Contacts:


-- Brian Whelan, Head of Corporate Communications. 1-980-417-7700,


-- Jim Lacey, VP Corporate Communications, 1-413-744-2365,

FTI Consulting:

US: Raina Gajjar, FTI Consulting, 1-212-850-5724,

UK: James Cheston, FTI Consulting, +44 (0) 203 727 1620,

Asia: RLM Finsbury: Asia: Karen Yu, RLM Finsbury, +852 3166 9866,

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