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HARLOTTE, N.C., December 12, 2024--(BUSINESS WIRE)--Barings, a leading diversified real estate investment manager, has appointed industry veteran Joel Pecoy to lead its U.S. Real Estate Debt Asset Management team. Effective immediately, Pecoy will oversee an approximately $25 billion portfolio covering nearly 380 assets in the U.S., as well as a team of 12 asset managers and servicers.
Pecoy brings over 25 years of real estate investing experience to Barings, having most recently served as Head of Real Estate Debt Asset Management at Ares. He will join the U.S. Real Estate Debt Investment Committee and report directly to Nasir Alamgir, Head of U.S. and European Real Estate Debt.
"We're thrilled to welcome Joel to our team," said Alamgir. "His expertise in managing loans through multiple economic cycles, leadership skills, and team-based approach will enhance our capabilities as we continue to grow our platform."
Pecoy expressed his excitement about joining Barings, citing the firm's strong growth trajectory, broad direct origination capabilities, and deep credit expertise.
About Barings
Barings is a $431+ billion global asset management firm that partners with institutional, insurance, and intermediary clients. The firm seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets, and capital solutions.
