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Barings Markets Its Inaugural Infrastructure CLO via MUFG

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Barings has mandated MUFG to arrange its forthcoming debut infrastructure CLO, according to market sources.

The CLO’s triple-A tranche is being marketed in the mid-130 bps over SOFR, according to sources.

This will be the sixth infrastructure CLO transaction to hit the U.S. primary market in 2025 and third new issue. DWS Group and Starwood Investment Management each priced a new issue deal earlier in the year, while DWS also priced three resets.

The deal marks Barings’ entry into infrastructure CLO management. The firm, which has a long-established broadly syndicated loan and private credit CLO business, made waves in the space by pricing Europe’s first-ever middle-market CLO in 2024.

The deal will be MUFG’s first CLO primary transaction for Barings in 2025. MUFG was a co-arranger on Starwood’s infrastructure CLO in September, named Starwood 2025-SIF6.

MUFG and Barings did not respond to requests for comment.

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