Product Development - US Wealth Private Assets

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Title:

Product Development – US Wealth Private Assets, Associate Director Department:
Product Management

Location:

Charlotte, USBarings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of Mass Mutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.

The mission of the Product Management team is to promote the firm’s growth strategies by driving solutions and championing cross-business collaboration to optimize and deliver commercially viable products and initiatives. This role sits within the Specialists Product Management team covering primarily US products for the Wealth market for Barings Private / Alternative / illiquid asset classes.

Primary Responsibilities The Product Development – Specialists role is the internal representative of our Private Asset investment teams, responsible for developing, implementing and maintaining investment products, through their entire lifecycle. The role encompasses proactive market research, analysis and coordinating on new product proposals.

This role will primarily support Barings product strategy, development and ongoing management for Private / Alternative asset classes into the Wealth market. This role requires strong collaboration with Client Portfolio Managers, Legal, Compliance, Sales, Operations, Investment, Finance and Risk teams, as well as external counsel, fund administrators, service providers and investors to ensure coordination across all stakeholders.

Key areas of focus include:

Product Strategy Understand current market trends and activity across all private/alternative asset classes with a focus on the US Wealth market in order to support strategy for development and innovation of appropriate vehicles and investment products.

Evaluate potential product concepts against client demand, investment fit, operational feasibility, regulatory requirements, economics and strategic priority.

Stay up to date with current and key product structures as well as relevant regulations that impacts Private Assets into US Wealth products.

Draft investment product proposals, term sheets, decision logs, and provide input on investor-facing support materials/ Assist with preparing outputs on product development/innovation which are presented to senior leaders in Sales, Client Portfolio Management, Investment Teams and others as necessary.

Internally champion and coordinate Private Assets into Wealth products, in close partnership with key stakeholders, and communicate with relevant stakeholders.

Product Development and Launch Project manage and socialise fund launches with all relevant stakeholders across Barings.

Help design and structure products such as non-traded or perpetual BDCs, interval funds, tender-offer funds, private funds relying on Section 3(c)(7), feeder vehicles and separately managed account solutions, as applicable to the strategy and target channel.

Help drive the structuring of new funds (or modifications),…