Product Development - US Wealth Private Assets

Barings•Charlotte, NC

About The Position

The Associate Director in Product Development – Specialists sits within Barings’ Product Management team and supports product strategy, development, launch, and ongoing management for private and alternative asset classes in the US Wealth market. The role serves as the internal representative of private asset investment teams and coordinates across internal and external stakeholders throughout the full product lifecycle. The position requires market research and analysis, evaluation of product concepts, development of proposals and supporting materials, and project management of fund launches. It also contributes to designing and structuring funds and other investment solutions, documenting and modeling fund terms, maintaining expertise in product mechanics and regulatory changes, and guiding launches through Barings’ governance process. The role also supports product-level activity, identifies market trends and innovations, and collaborates on scalable distribution avenues and platforms. The position is based in Charlotte, US. Barings describes itself as a global financial services firm and a subsidiary of MassMutual. It offers a comprehensive benefits package that includes health and wellness coverage, retirement and financial benefits, insurance, paid time off and leave, education assistance, and other programs.

Requirements

More than five years of experience with practical, detailed knowledge of US Wealth private asset funds, including distribution, product structures, and external positioning.
Solid understanding and hands-on experience with US 40 Act, BDC, and US Private Funds product strategy, development, and management.
Clear communication skills.
Strong organization, numeracy, attention to detail, and project management skills.
Advanced Excel skills.

Nice To Haves

CFA or an equivalent qualification.
Knowledge and experience of European and/or APAC product solutions for the Wealth market.

Responsibilities

Understand market trends and activity across private and alternative asset classes, focusing on the US Wealth market, to support product strategy and innovation.
Evaluate potential product concepts against client demand, investment fit, operational feasibility, regulatory requirements, economics, and strategic priority.
Monitor product structures and relevant regulations affecting private assets in US Wealth products.
Draft investment product proposals, term sheets, and decision logs, and contribute to investor-facing support materials and materials presented to senior leaders.
Champion and coordinate private asset products for the Wealth market in partnership with relevant stakeholders.
Project-manage fund launches and socialize them with relevant Barings stakeholders.
Help design and structure products, including 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.
Contribute to structuring new funds or modifications, including documentation and financial modeling.
Provide market insight and subject-matter expertise on fund commercial terms and mechanics, including subscriptions, redemptions, and other liquidity terms.
Maintain technical expertise on the evolving regulatory framework and consider efficient responses to changing requirements.
Guide product launches through Barings’ governance process.
Represent investment teams to internal business partners on product-level activity, including fund economics, mechanics, and investment restrictions.
Research and socialize product trends and innovations, particularly fund economics and mechanics.
Lead product responses to regulatory changes affecting private asset Wealth funds.
Collaborate with Client Portfolio Managers, Sales, and others to develop scalable and effective distribution avenues, platforms, structures, and intermediaries.

Benefits

Medical coverage, including Virtual Care, prescription, dental, and vision coverage.
Fitness Center Reimbursement Program, including online memberships.
Employee Assistance Program (EAP).
Fertility benefits.
401(k) plan with company match.
Health Savings Account (HSA) with company contributions.
Flexible Spending Accounts (FSA) for health care and dependent care.
Retirement Health Reimbursement Account.
Basic and supplemental life insurance, including spouse and child life insurance.
Paid vacation, sick days, and annual holidays.
Paid leaves of absence, including maternity, parental, caregiver, and bereavement leave.
Short- and long-term disability plans.
Paid volunteer time.
Education Assistance Program.
Charitable Matching Gifts Program.
Commuter Reimbursement Program.
Adoption and surrogacy reimbursement program.