Investment manager Barings will be joint lead arranger of a $345 million of senior secured credit facilities supporting AZ Next Generation Advisory.
This follows a recent material investment in AZ NGA by Oaktree Capital Management.
Established in 2014, AZ NGA is an aggregator of minority and majority equity stakes in high-quality financial advisory and accounting firms across Australia.
AZ NGA strategically invests in leading financial planning businesses to support growth and enhance operational efficiencies by offering strategic support and expertise to assist in the delivery of superior services to its clients.
AZ NGA has established a network of over 30 independently branded partner firms, collectively managing over $15 billion of assets under advice as of August 2024.
A subsidiary of MassMutual, Barings is a US$421 billion ($677 billion) global asset management firm that partners with institutional, insurance, and intermediary clients with financing.