Product Development - US Wealth Private Assets

Barings • Charlotte, NC

6d

About The Position

The Product Development – Specialists role is the internal representative of Barings’ Private Asset investment teams, responsible for developing, implementing, and maintaining investment products throughout their lifecycle. The position primarily supports product strategy, development, and ongoing management for Private, Alternative, and illiquid asset classes serving the US Wealth market. It is part of the Specialists Product Management team and works closely with internal and external stakeholders, including Client Portfolio Managers, Legal, Compliance, Sales, Operations, Investment, Finance and Risk teams, external counsel, fund administrators, service providers, and investors.

The role involves researching market trends, assessing product concepts, preparing product proposals and materials, coordinating fund structuring and launches, and guiding products through Barings’ governance process. It also supports ongoing product management, including regulatory changes, fund economics and mechanics, and scalable distribution opportunities.

Requirements

• More than 5 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 with European and/or APAC product solutions for the Wealth market.

Responsibilities

• Research market trends and activity across private and alternative asset classes, with a focus on the US Wealth market, to support product strategy and innovation.
• Evaluate product concepts against client demand, investment fit, operational feasibility, regulatory requirements, economics, and strategic priorities.
• Monitor product structures and regulations relevant to Private Asset products for US Wealth clients.
• Draft investment product proposals, term sheets, and decision logs, and contribute to investor-facing support materials.
• Prepare product development and innovation materials for senior leaders and other stakeholders.
• Coordinate and champion Private Asset products for the Wealth market in partnership with relevant stakeholders.
• Project-manage and socialize fund launches across Barings.
• 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.
• Support the structuring of new or modified funds, including input on documentation and financial modeling.
• Provide market insight and subject-matter expertise on fund commercial terms and mechanics, including investor subscription, redemption, and other liquidity terms.
• Maintain technical expertise on evolving regulations and consider 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 funds for the Wealth market.
• Work with Client Portfolio Managers, Sales, and others to develop scalable and effective distribution avenues, platforms, structures, and intermediary relationships.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed