Genesis was established in 2014 by Barings LLC. Barings is a global financial services firm dedicated to meeting the evolving investment and capital needs of its clients and customers. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.
The Barings Private Equity/Real Assets team targets direct control investments in asset-based businesses across infrastructure, intangible assets and natural resources. The team focuses on assets with thematically-driven demand and actively manages those assets to generate both current income and long-term value creation, and is part of the Alternative Investments group at Barings (BAI).
In September 2018, the Ireland Strategic Investment Fund (“ISIF”) invested in Genesis. The investment is designed to enable Genesis to scale its existing Irish operations and allow for a significant component of the enlarged Genesis fleet being serviced by Irish technical service providers.
The Ireland Strategic Investment Fund, managed and controlled by the National Treasury Management Agency, is an €8.9 billion sovereign development fund with a mandate to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland.
The Fund will seek to invest in transactions where it can make a difference and where its characteristics can enable commercial investment transactions with positive economic impact.