Barings acquires Gryphon Capital Partners. brisbaneAustralia-based structured finance boutique with A$2.6 billion ($1.7 billion) of assets under management, Charlotte, North Carolina-based asset manager’s over $8 billion structured finance business in Asia Pacific provided the first stepping stone for
Barings will acquire 100% of Gryphon, the parent company of wholly-owned Gryphon Capital Investments, according to a news release Wednesday. Meanwhile, GCI is the manager of Gryphon Capital Income Trust, a mutual fund with A$466 million in structured finance assets listed on the Australian Stock Exchange in May 2018.
A Barings spokeswoman said financial terms of the transaction, which is expected to close on March 31, were not disclosed.
William Awad, Head of Global Structured Finance at Barings, said in an interview that Griffon’s business will be fully integrated into Barings’ structured finance business over the next year. Set up a formal structure for your business.
Mr Awad said the acquisition of Gryphon gives Barings’ structured finance business its first foothold in Australia and the wider Asia Pacific region. Griffon’s fast-growing exchange-traded fund — which will continue to be managed by GCI portfolio managers Stephen Fleming and Ashley Bartenshaw — will be the “spearhead” of Barings’ broader entry into the Australian affluent market. ‘, he said.