<SEC-DOCUMENT>0001140361-25-019321.txt : 20250515
<SEC-HEADER>0001140361-25-019321.hdr.sgml : 20250515
<ACCEPTANCE-DATETIME>20250515164939
ACCESSION NUMBER:		0001140361-25-019321
CONFORMED SUBMISSION TYPE:	40-APP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250515
DATE AS OF CHANGE:		20250515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS LLC
		CENTRAL INDEX KEY:			0000009015
		ORGANIZATION NAME:           	
		EIN:				041054788
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800
		FILM NUMBER:		25954829

	BUSINESS ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Barings LLC
		DATE OF NAME CHANGE:	20160915

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BABSON CAPITAL MANAGEMENT LLC
		DATE OF NAME CHANGE:	20040707

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BABSON DAVID L & CO INC
		DATE OF NAME CHANGE:	19920929

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASSACHUSETTS MUTUAL LIFE INSURANCE CO
		CENTRAL INDEX KEY:			0000225602
		ORGANIZATION NAME:           	
		EIN:				041590850
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-111
		FILM NUMBER:		25954822

	BUSINESS ADDRESS:	
		STREET 1:		1295 STATE STREET
		CITY:			SPRINGFIELD
		STATE:			MA
		ZIP:			01111
		BUSINESS PHONE:		4137448411

	MAIL ADDRESS:	
		STREET 1:		1295 STATE STREET
		CITY:			SPRINGFIELD
		STATE:			MA
		ZIP:			01111

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CORPORATE INVESTORS
		CENTRAL INDEX KEY:			0000275694
		ORGANIZATION NAME:           	
		EIN:				042483041
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-117
		FILM NUMBER:		25954828

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 SOUTH TRYON STREET, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 SOUTH TRYON STREET, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BABSON CAPITAL CORPORATE INVESTORS
		DATE OF NAME CHANGE:	20111230

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASSMUTUAL CORPORATE INVESTORS
		DATE OF NAME CHANGE:	19920717

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASSMUTUAL ASCEND LIFE INSURANCE CO
		CENTRAL INDEX KEY:			0000723258
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		ORGANIZATION NAME:           	02 Finance
		EIN:				131935920
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-125
		FILM NUMBER:		25954837

	BUSINESS ADDRESS:	
		STREET 1:		191 ROSA PARKS STREET
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202
		BUSINESS PHONE:		513-361-9462

	MAIL ADDRESS:	
		STREET 1:		191 ROSA PARKS STREET
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GREAT AMERICAN LIFE INSURANCE CO
		DATE OF NAME CHANGE:	19830712

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS PARTICIPATION INVESTORS
		CENTRAL INDEX KEY:			0000831655
		ORGANIZATION NAME:           	
		EIN:				043025730
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-113
		FILM NUMBER:		25954824

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 SOUTH TRYON STREET, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 SOUTH TRYON STREET, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BABSON CAPITAL PARTICIPATION INVESTORS
		DATE OF NAME CHANGE:	20111230

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASSMUTUAL PARTICIPATION INVESTORS
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASSMUTUAL CORPORATE INVESTORS II
		DATE OF NAME CHANGE:	19880417

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings BDC, Inc.
		CENTRAL INDEX KEY:			0001379785
		ORGANIZATION NAME:           	
		EIN:				061798488
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-105
		FILM NUMBER:		25954816

	BUSINESS ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		(704) 805-7200

	MAIL ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Triangle Capital CORP
		DATE OF NAME CHANGE:	20061101

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS GLOBAL SHORT DURATION HIGH YIELD FUND
		CENTRAL INDEX KEY:			0001521404
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MA

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-116
		FILM NUMBER:		25954827

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 SOUTH TRYON STREET, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 SOUTH TRYON STREET, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BABSON CAPITAL GLOBAL SHORT DURATION HIGH YIELD FUND
		DATE OF NAME CHANGE:	20120615

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BABSON CAPITAL GLOBAL FLOATING RATE & INCOME FUND
		DATE OF NAME CHANGE:	20110520

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tower Square Capital Partners IV, L.P.
		CENTRAL INDEX KEY:			0001597019
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-108
		FILM NUMBER:		25954819

	BUSINESS ADDRESS:	
		STREET 1:		BABSON CAPITAL MANAGEMENT LLC
		STREET 2:		1500 MAIN STREET, SUITE 2200
		CITY:			SPRINGFIELD
		STATE:			MA
		ZIP:			01115-5189
		BUSINESS PHONE:		413-226-1063

	MAIL ADDRESS:	
		STREET 1:		BABSON CAPITAL MANAGEMENT LLC
		STREET 2:		1500 MAIN STREET, SUITE 2200
		CITY:			SPRINGFIELD
		STATE:			MA
		ZIP:			01115-5189

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tower Square Capital Partners IV-A, L.P.
		CENTRAL INDEX KEY:			0001598727
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-107
		FILM NUMBER:		25954818

	BUSINESS ADDRESS:	
		STREET 1:		1500 MAIN STREET
		STREET 2:		SUITE 2200
		CITY:			SPRINGFIELD
		STATE:			MA
		ZIP:			01115-5189
		BUSINESS PHONE:		413-226-1000

	MAIL ADDRESS:	
		STREET 1:		1500 MAIN STREET
		STREET 2:		SUITE 2200
		CITY:			SPRINGFIELD
		STATE:			MA
		ZIP:			01115-5189

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PI Subsidiary Trust
		CENTRAL INDEX KEY:			0001673988
		ORGANIZATION NAME:           	
		EIN:				046866316
		STATE OF INCORPORATION:			MA

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-112
		FILM NUMBER:		25954823

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 SOUTH TRYON STREET, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 SOUTH TRYON STREET, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CI Subsidiary Trust
		CENTRAL INDEX KEY:			0001673989
		ORGANIZATION NAME:           	
		EIN:				046866463
		STATE OF INCORPORATION:			MA

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-114
		FILM NUMBER:		25954825

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 SOUTH TRYON STREET, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 SOUTH TRYON STREET, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Finance LLC
		CENTRAL INDEX KEY:			0001674048
		ORGANIZATION NAME:           	
		EIN:				800875475

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-109
		FILM NUMBER:		25954820

	BUSINESS ADDRESS:	
		STREET 1:		1500 MAIN STREET
		STREET 2:		SUITE 2200
		CITY:			SPRINGFIELD
		STATE:			MA
		ZIP:			01115
		BUSINESS PHONE:		41322610000

	MAIL ADDRESS:	
		STREET 1:		1500 MAIN STREET
		STREET 2:		SUITE 2200
		CITY:			SPRINGFIELD
		STATE:			MA
		ZIP:			01115

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Babson Capital Finance LLC
		DATE OF NAME CHANGE:	20160506

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIC Investment Holdings LLC
		CENTRAL INDEX KEY:			0001758310
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-119
		FILM NUMBER:		25954831

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 759-0777

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		6TH FLOOR EAST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Capital Investment Corp
		CENTRAL INDEX KEY:			0001811972
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-104
		FILM NUMBER:		25954815

	BUSINESS ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		(704) 805-7200

	MAIL ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Small Business Fund, L.P.
		CENTRAL INDEX KEY:			0001817350
		ORGANIZATION NAME:           	
		EIN:				845063008
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-12
		FILM NUMBER:		25954724

	BUSINESS ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7671

	MAIL ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Special Situations Credit Fund 4 (Delaware), L.P.
		CENTRAL INDEX KEY:			0001823987
		ORGANIZATION NAME:           	
		EIN:				851465973
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-39
		FILM NUMBER:		25954751

	BUSINESS ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings North American Private Loan Fund II (Cayman), L.P.
		CENTRAL INDEX KEY:			0001826646
		ORGANIZATION NAME:           	
		EIN:				981540187
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-29
		FILM NUMBER:		25954741

	BUSINESS ADDRESS:	
		STREET 1:		300 S. TRYON STREET, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		(980) 417 - 7686

	MAIL ADDRESS:	
		STREET 1:		MAPLES CORPORATE SERVICES LIMITED
		STREET 2:		UGLAND HOUSE, SOUTH CHURCH STREET
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings North American Private Loan Fund II (Cayman)-A, L.P.
		CENTRAL INDEX KEY:			0001826649
		ORGANIZATION NAME:           	
		EIN:				981540166
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-28
		FILM NUMBER:		25954740

	BUSINESS ADDRESS:	
		STREET 1:		300 S. TRYON STREET, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		(980) 417 - 7686

	MAIL ADDRESS:	
		STREET 1:		MAPLES CORPORATE SERVICES LIMITED
		STREET 2:		UGLAND HOUSE, SOUTH CHURCH STREET
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Private Credit Corp
		CENTRAL INDEX KEY:			0001859919
		ORGANIZATION NAME:           	
		EIN:				863780522
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-23
		FILM NUMBER:		25954735

	BUSINESS ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Barings Private Credit LLC
		DATE OF NAME CHANGE:	20210430

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings North American Private Loan Fund II (Unlevered), L.P.
		CENTRAL INDEX KEY:			0001885161
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-27
		FILM NUMBER:		25954739

	BUSINESS ADDRESS:	
		STREET 1:		300 S. TRYON STREET, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		7048057200

	MAIL ADDRESS:	
		STREET 1:		300 S. TRYON STREET, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings European Private Loan Fund 4, a sub-fund of Barings Umbrella Fund (LUX) SCSp SICAV-RAIF
		CENTRAL INDEX KEY:			0001975401
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-78
		FILM NUMBER:		25954790

	BUSINESS ADDRESS:	
		STREET 1:		1 RUE ISAAC NEWTON
		CITY:			LUXUMBOURG
		STATE:			N4
		ZIP:			L-2242
		BUSINESS PHONE:		0035224524100

	MAIL ADDRESS:	
		STREET 1:		1 RUE ISAAC NEWTON
		CITY:			LUXUMBOURG
		STATE:			N4
		ZIP:			L-2242

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings European Private Loan Fund 4A, a sub-fund of Barings Umbrella Fund (LUX) SCSp SICAV-RAIF
		CENTRAL INDEX KEY:			0001976005
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-77
		FILM NUMBER:		25954789

	BUSINESS ADDRESS:	
		STREET 1:		1 RUE ISAAC NEWTON
		CITY:			LUXUMBOURG
		STATE:			N4
		ZIP:			L-2242
		BUSINESS PHONE:		0035224524100

	MAIL ADDRESS:	
		STREET 1:		1 RUE ISAAC NEWTON
		CITY:			LUXUMBOURG
		STATE:			N4
		ZIP:			L-2242

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Perpetual European Direct Lending Fund, a sub-fund of Barings Umbrella Fund (LUX) SCSp SICAV-RAIF
		CENTRAL INDEX KEY:			0001976801
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-25
		FILM NUMBER:		25954737

	BUSINESS ADDRESS:	
		STREET 1:		1 RUE ISAAC NEWTON
		CITY:			LUXUMBOURG
		STATE:			N4
		ZIP:			L-2242
		BUSINESS PHONE:		0035224524100

	MAIL ADDRESS:	
		STREET 1:		1 RUE ISAAC NEWTON
		CITY:			LUXUMBOURG
		STATE:			N4
		ZIP:			L-2242

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Middle Market CLO Ltd. 2017-I
		CENTRAL INDEX KEY:			0001978475
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-36
		FILM NUMBER:		25954748

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Middle Market CLO Ltd. 2021-I
		CENTRAL INDEX KEY:			0001978546
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-35
		FILM NUMBER:		25954747

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Investment Funds plc - Global Private Loan Strategy Fund 1
		CENTRAL INDEX KEY:			0001978555
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-54
		FILM NUMBER:		25954766

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings European Loan Strategy 1 Ltd
		CENTRAL INDEX KEY:			0001978556
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-79
		FILM NUMBER:		25954791

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Multi-Credit Strategy 4 Ltd
		CENTRAL INDEX KEY:			0001978557
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-51
		FILM NUMBER:		25954763

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Multi-Credit Strategy 3 Ltd
		CENTRAL INDEX KEY:			0001978558
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-52
		FILM NUMBER:		25954764

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings - MM Revolver Fund LP
		CENTRAL INDEX KEY:			0001978559
		ORGANIZATION NAME:           	
		EIN:				873441239
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-31
		FILM NUMBER:		25954743

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Direct Lending 2018 LP
		CENTRAL INDEX KEY:			0001978562
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-84
		FILM NUMBER:		25954796

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global High Yield Credit Strategies Ltd
		CENTRAL INDEX KEY:			0001978565
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-58
		FILM NUMBER:		25954770

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings European Loan Ltd
		CENTRAL INDEX KEY:			0001978567
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-80
		FILM NUMBER:		25954792

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BCF Senior Funding I Designated Activity Co
		CENTRAL INDEX KEY:			0001978582
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-135
		FILM NUMBER:		25954847

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Energy Hardware Holdings, Inc.
		CENTRAL INDEX KEY:			0001978583
		ORGANIZATION NAME:           	
		EIN:				261800386
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-127
		FILM NUMBER:		25954839

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BCF Senior Funding I LLC
		CENTRAL INDEX KEY:			0001978587
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-134
		FILM NUMBER:		25954846

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Segregated Loans 2 S.a r.l.
		CENTRAL INDEX KEY:			0001978598
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-17
		FILM NUMBER:		25954729

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Segregated Loans 3 S.a r.l.
		CENTRAL INDEX KEY:			0001978605
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-16
		FILM NUMBER:		25954728

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NAPLF (Cayman) Senior Funding II LLC
		CENTRAL INDEX KEY:			0001978613
		ORGANIZATION NAME:           	
		EIN:				981540187
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-123
		FILM NUMBER:		25954835

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Segregated Loans 5 S.a r.l.
		CENTRAL INDEX KEY:			0001978621
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-15
		FILM NUMBER:		25954727

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MassMutual Trad Private Equity LLC
		CENTRAL INDEX KEY:			0001978622
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-124
		FILM NUMBER:		25954836

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NAPLF (Cayman)-A Senior Funding II LLC
		CENTRAL INDEX KEY:			0001978625
		ORGANIZATION NAME:           	
		EIN:				981540166
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-122
		FILM NUMBER:		25954834

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Segregated Loans 6 S.a r.l.
		CENTRAL INDEX KEY:			0001978650
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-14
		FILM NUMBER:		25954726

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Segregated Loans 1 S.a r.l.
		CENTRAL INDEX KEY:			0001978660
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-18
		FILM NUMBER:		25954730

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Private Loans 4 S.a r.l.
		CENTRAL INDEX KEY:			0001978664
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-45
		FILM NUMBER:		25954757

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Private Loans 3 S.a r.l.
		CENTRAL INDEX KEY:			0001978665
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-46
		FILM NUMBER:		25954758

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Private Loans 2 S.a r.l.
		CENTRAL INDEX KEY:			0001978669
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-47
		FILM NUMBER:		25954759

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OTPP - BNAPLF II Funding LP
		CENTRAL INDEX KEY:			0001978675
		ORGANIZATION NAME:           	
		EIN:				981631431
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-121
		FILM NUMBER:		25954833

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OTPP - BNAPLF II LP
		CENTRAL INDEX KEY:			0001978678
		ORGANIZATION NAME:           	
		EIN:				981629830
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-120
		FILM NUMBER:		25954832

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BAYVK R PD 1 Loan S.a r.l.
		CENTRAL INDEX KEY:			0001978697
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-138
		FILM NUMBER:		25954850

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BAYVK R Private Debt SCS, SICAV-FIS
		CENTRAL INDEX KEY:			0001978701
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-137
		FILM NUMBER:		25954849

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings European Direct Lending 1 S.a r.l.
		CENTRAL INDEX KEY:			0001978734
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-81
		FILM NUMBER:		25954793

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Credit Fund (LUX) - Segregated Loan Account 4
		CENTRAL INDEX KEY:			0001978740
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-63
		FILM NUMBER:		25954775

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Credit Fund (LUX) - Segregated Loan Account 6
		CENTRAL INDEX KEY:			0001978741
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-61
		FILM NUMBER:		25954773

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Credit Fund (LUX) - Barings European Private Loan Fund II
		CENTRAL INDEX KEY:			0001978762
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-71
		FILM NUMBER:		25954783

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BME Investment S.a r.l.
		CENTRAL INDEX KEY:			0001978764
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-132
		FILM NUMBER:		25954844

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings European Direct Lending 1 LP
		CENTRAL INDEX KEY:			0001978765
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-82
		FILM NUMBER:		25954794

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BCF Europe Funding Ltd
		CENTRAL INDEX KEY:			0001978766
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-136
		FILM NUMBER:		25954848

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Investment Funds 2 plc - Global Multi-Credit Strategy Fund 3
		CENTRAL INDEX KEY:			0001978767
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-56
		FILM NUMBER:		25954768

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings SLA 6 LLC
		CENTRAL INDEX KEY:			0001978775
		ORGANIZATION NAME:           	
		EIN:				852583061
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-13
		FILM NUMBER:		25954725

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Umbrella Fund (LUX) - Barings Global Special Situations Credit Fund 4 (LUX) Fund
		CENTRAL INDEX KEY:			0001978778
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-04
		FILM NUMBER:		25954716

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Private Loan Fund 4 SCSp
		CENTRAL INDEX KEY:			0001978780
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-50
		FILM NUMBER:		25954762

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BME SCSp
		CENTRAL INDEX KEY:			0001978781
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-131
		FILM NUMBER:		25954843

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Private Loan Fund 4(S) SCSp
		CENTRAL INDEX KEY:			0001978782
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-49
		FILM NUMBER:		25954761

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Credit Fund (LUX) - Segregated Loan Account 1
		CENTRAL INDEX KEY:			0001978784
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-65
		FILM NUMBER:		25954777

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Credit Fund (LUX) - Segregated Loan Account 2
		CENTRAL INDEX KEY:			0001978785
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-64
		FILM NUMBER:		25954776

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings European Private Loans 3A S.a r.l.
		CENTRAL INDEX KEY:			0001978789
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-72
		FILM NUMBER:		25954784

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Investment Funds plc - Global Multi-Credit Strategy Fund 4
		CENTRAL INDEX KEY:			0001978794
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-55
		FILM NUMBER:		25954767

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Credit Fund (LUX) - Segregated Loan Account 5
		CENTRAL INDEX KEY:			0001978795
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-62
		FILM NUMBER:		25954774

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Credit Fund (LUX) - Barings European Private Loan Fund III
		CENTRAL INDEX KEY:			0001978797
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-70
		FILM NUMBER:		25954782

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Multi-Credit Strategy 1 Ltd
		CENTRAL INDEX KEY:			0001978800
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-53
		FILM NUMBER:		25954765

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Investment Funds plc - Global Multi-Credit Strategy Fund 1
		CENTRAL INDEX KEY:			0001978801
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-57
		FILM NUMBER:		25954769

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Private Loan Strategy 1 Ltd
		CENTRAL INDEX KEY:			0001978803
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-48
		FILM NUMBER:		25954760

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Credit Fund (LUX) - Barings Global Special Situations Credit Fund 3
		CENTRAL INDEX KEY:			0001978809
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-66
		FILM NUMBER:		25954778

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Special Situations Credit 4 (LUX) S.a r.l.
		CENTRAL INDEX KEY:			0001978814
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-41
		FILM NUMBER:		25954753

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Special Situations Credit 3 S.a r.l.
		CENTRAL INDEX KEY:			0001978818
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-43
		FILM NUMBER:		25954755

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Credit Fund (LUX) - Barings European Private Loan Fund III (A)
		CENTRAL INDEX KEY:			0001978826
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-69
		FILM NUMBER:		25954781

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Private Loans 4(S) S.a r.l.
		CENTRAL INDEX KEY:			0001978827
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-44
		FILM NUMBER:		25954756

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Credit Fund (LUX) - Barings Global Private Loan Fund 2
		CENTRAL INDEX KEY:			0001978829
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-68
		FILM NUMBER:		25954780

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings SS4 (LUX) LLC
		CENTRAL INDEX KEY:			0001978833
		ORGANIZATION NAME:           	
		EIN:				364996760
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-09
		FILM NUMBER:		25954721

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Global Credit Fund (LUX) - Barings Global Private Loan Fund 3
		CENTRAL INDEX KEY:			0001978836
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-67
		FILM NUMBER:		25954779

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			C.M. Life Insurance Co
		CENTRAL INDEX KEY:			0001978841
		ORGANIZATION NAME:           	
		EIN:				061041383
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-110
		FILM NUMBER:		25954821

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings European Private Loans 3 S.a r.l.
		CENTRAL INDEX KEY:			0001978944
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-73
		FILM NUMBER:		25954785

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings European Private Loans 2 S.a r.l.
		CENTRAL INDEX KEY:			0001979064
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-74
		FILM NUMBER:		25954786

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BCIC Holdings, Inc.
		CENTRAL INDEX KEY:			0001982234
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-133
		FILM NUMBER:		25954845

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings North American Private Loan Fund III (LUX) SCSp
		CENTRAL INDEX KEY:			0001990980
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-26
		FILM NUMBER:		25954738

	BUSINESS ADDRESS:	
		STREET 1:		1 RUE ISAAC NEWTON
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2242
		BUSINESS PHONE:		0035224524100

	MAIL ADDRESS:	
		STREET 1:		1 RUE ISAAC NEWTON
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2242

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BPCC Holdings, Inc.
		CENTRAL INDEX KEY:			0001997984
		ORGANIZATION NAME:           	
		EIN:				863933797
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-129
		FILM NUMBER:		25954841

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS, LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS, LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BPC Funding LLC
		CENTRAL INDEX KEY:			0001998006
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-130
		FILM NUMBER:		25954842

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS, LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS, LLC
		STREET 2:		300 S. TRYON, SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Capital Solutions Perpetual Fund (DE), L.P.
		CENTRAL INDEX KEY:			0002036123
		ORGANIZATION NAME:           	
		EIN:				923857084
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-87
		FILM NUMBER:		25954799

	BUSINESS ADDRESS:	
		STREET 1:		300 S. TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		7048057200

	MAIL ADDRESS:	
		STREET 1:		300 S. TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Capital Solutions Perpetual Fund (CA), L.P.
		CENTRAL INDEX KEY:			0002036129
		ORGANIZATION NAME:           	
		EIN:				981732320
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-89
		FILM NUMBER:		25954801

	BUSINESS ADDRESS:	
		STREET 1:		300 S. TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		7048057200

	MAIL ADDRESS:	
		STREET 1:		300 S. TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Capital Solutions Perpetual Fund (LUX), a sub-fund of Barings Umbrella Fund (LUX) SCSp SICAV-RAIF
		CENTRAL INDEX KEY:			0002039232
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-86
		FILM NUMBER:		25954798

	BUSINESS ADDRESS:	
		STREET 1:		1 RUE ISAAC NEWTON
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2242
		BUSINESS PHONE:		0035224524100

	MAIL ADDRESS:	
		STREET 1:		1 RUE ISAAC NEWTON
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2242

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings Specialty Private Debt Fund 1, a sub-fund of Barings Umbrella Fund (LUX) SCSp SICAV-RAIF
		CENTRAL INDEX KEY:			0002048358
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-11
		FILM NUMBER:		25954723

	BUSINESS ADDRESS:	
		STREET 1:		1 RUE ISAAC NEWTON
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2242
		BUSINESS PHONE:		0035224524100

	MAIL ADDRESS:	
		STREET 1:		1 RUE ISAAC NEWTON
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2242

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS UMBRELLA FUND (LUX) - SEGREGATED DIRECT LENDING FUND 4
		CENTRAL INDEX KEY:			0002067770
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-139
		FILM NUMBER:		25954851

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS UMBRELLA FUND (LUX) - SEGREGATED DIRECT LENDING FUND 3
		CENTRAL INDEX KEY:			0002067771
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-02
		FILM NUMBER:		25954714

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS UMBRELLA FUND (LUX) - SEGREGATED DIRECT LENDING FUND 2
		CENTRAL INDEX KEY:			0002067772
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-03
		FILM NUMBER:		25954715

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS UMBRELLA FUND (LUX) - SEGREGATED DIRECT LENDING FUND 1
		CENTRAL INDEX KEY:			0002067773
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-01
		FILM NUMBER:		25954713

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS TARGET YIELD INFRASTRUCTURE DEBT HOLDCO 2 S.A R.L.
		CENTRAL INDEX KEY:			0002067774
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-05
		FILM NUMBER:		25954717

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS TARGET YIELD INFRASTRUCTURE DEBT HOLDCO 1 S.A R.L.
		CENTRAL INDEX KEY:			0002067775
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-06
		FILM NUMBER:		25954718

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS TARGET YIELD INFRASTRUCTURE DEBT FUND 2
		CENTRAL INDEX KEY:			0002067776
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-07
		FILM NUMBER:		25954719

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS TARGET YIELD INFRASTRUCTURE DEBT FUND
		CENTRAL INDEX KEY:			0002067777
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-08
		FILM NUMBER:		25954720

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS SPECIALTY PRIVATE DEBT HOLDCO 1 S.A R.L.
		CENTRAL INDEX KEY:			0002067778
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-10
		FILM NUMBER:		25954722

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS SEGREGATED DIRECT LENDING HOLDCO 4 S.A R.L.
		CENTRAL INDEX KEY:			0002067779
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-19
		FILM NUMBER:		25954731

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS SEGREGATED DIRECT LENDING HOLDCO 3 S.A R.L.
		CENTRAL INDEX KEY:			0002067780
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-20
		FILM NUMBER:		25954732

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS SEGREGATED DIRECT LENDING HOLDCO 2 S.A R.L.
		CENTRAL INDEX KEY:			0002067781
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-21
		FILM NUMBER:		25954733

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS SEGREGATED DIRECT LENDING HOLDCO 1 S.A R.L.
		CENTRAL INDEX KEY:			0002067782
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-22
		FILM NUMBER:		25954734

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS PERPETUAL EUROPEAN DIRECT LENDING HOLDCO 1 S.A R.L.
		CENTRAL INDEX KEY:			0002067784
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-24
		FILM NUMBER:		25954736

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS NAPLF3 (LUX) LLC
		CENTRAL INDEX KEY:			0002067785
		ORGANIZATION NAME:           	
		EIN:				884282677
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-30
		FILM NUMBER:		25954742

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS MIDDLE MARKET LOAN PARTNERS 2
		CENTRAL INDEX KEY:			0002067786
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-32
		FILM NUMBER:		25954744

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS MIDDLE MARKET LOAN PARTNERS 1
		CENTRAL INDEX KEY:			0002067787
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-33
		FILM NUMBER:		25954745

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS MIDDLE MARKET CLO LTD. 2025-I
		CENTRAL INDEX KEY:			0002067788
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-34
		FILM NUMBER:		25954746

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS MIDDLE MARKET CLO 2023-II LTD.
		CENTRAL INDEX KEY:			0002067789
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-37
		FILM NUMBER:		25954749

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS MIDDLE MARKET CLO 2023-I LTD.
		CENTRAL INDEX KEY:			0002067790
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-38
		FILM NUMBER:		25954750

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS GLOBAL SPECIAL SITUATIONS CREDIT FUND 2 LP
		CENTRAL INDEX KEY:			0002067791
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-40
		FILM NUMBER:		25954752

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS GLOBAL SPECIAL SITUATIONS CREDIT 4 (DE) S.A R.L.
		CENTRAL INDEX KEY:			0002067792
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-42
		FILM NUMBER:		25954754

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS GLOBAL DIVERSIFIED PRIVATE CREDIT HOLDCO 1 S.A R.L.
		CENTRAL INDEX KEY:			0002067793
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-59
		FILM NUMBER:		25954771

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS GLOBAL DIVERSIFIED PRIVATE CREDIT FUND 1 SCSP
		CENTRAL INDEX KEY:			0002067794
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-60
		FILM NUMBER:		25954772

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS EUROPEAN PRIVATE LOAN HOLDCO 4A S.A R.L.
		CENTRAL INDEX KEY:			0002067796
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-75
		FILM NUMBER:		25954787

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS EUROPEAN PRIVATE LOAN HOLDCO 4 S.A R.L.
		CENTRAL INDEX KEY:			0002067797
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-76
		FILM NUMBER:		25954788

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS DYNAMIC CREDIT INCOME FUND
		CENTRAL INDEX KEY:			0002067798
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-115
		FILM NUMBER:		25954826

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS DISTINCT DIRECT LENDING HOLDCO 1 Ltd
		CENTRAL INDEX KEY:			0002067799
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-83
		FILM NUMBER:		25954795

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS DEVELOPED EUROPE PRIVATE LOAN FUND 1 SCSP
		CENTRAL INDEX KEY:			0002067800
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-85
		FILM NUMBER:		25954797

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CAPITAL SOLUTIONS PERPETUAL FUND (DE) COINVEST, L.P.
		CENTRAL INDEX KEY:			0002067801
		ORGANIZATION NAME:           	
		EIN:				994059482
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-88
		FILM NUMBER:		25954800

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CAPITAL SOLUTIONS PERPETUAL FUND (CA) COINVEST, L.P.
		CENTRAL INDEX KEY:			0002067802
		ORGANIZATION NAME:           	
		EIN:				981801714
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-90
		FILM NUMBER:		25954802

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CAPITAL SOLUTIONS PERPETUAL (LUX) HOLDCO 1 S.A R.L.
		CENTRAL INDEX KEY:			0002067803
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-91
		FILM NUMBER:		25954803

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CAPITAL SOLUTIONS PERPETUAL (LUX) COINV SERIES LLC
		CENTRAL INDEX KEY:			0002067804
		ORGANIZATION NAME:           	
		EIN:				994106231
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-92
		FILM NUMBER:		25954804

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CAPITAL SOLUTIONS PERPETUAL (LUX) COINV HOLDCO 1 S.A R.L.
		CENTRAL INDEX KEY:			0002067805
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-93
		FILM NUMBER:		25954805

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CAPITAL SOLUTIONS PERPETUAL (LUX) SERIES LLC
		CENTRAL INDEX KEY:			0002067806
		ORGANIZATION NAME:           	
		EIN:				922625030
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-94
		FILM NUMBER:		25954806

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CAPITAL SOLUTIONS PERPETUAL (DE) SERIES LLC
		CENTRAL INDEX KEY:			0002067807
		ORGANIZATION NAME:           	
		EIN:				923857084
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-95
		FILM NUMBER:		25954807

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CAPITAL SOLUTIONS PERPETUAL (DE) HOLDCO 1 S.A R.L.
		CENTRAL INDEX KEY:			0002067808
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-96
		FILM NUMBER:		25954808

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CAPITAL SOLUTIONS PERPETUAL (DE) COINV SERIES LLC
		CENTRAL INDEX KEY:			0002067809
		ORGANIZATION NAME:           	
		EIN:				994059482
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-97
		FILM NUMBER:		25954809

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CAPITAL SOLUTIONS PERPETUAL (DE) COINV HOLDCO 1 S.A R.L.
		CENTRAL INDEX KEY:			0002067810
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-98
		FILM NUMBER:		25954810

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CAPITAL SOLUTIONS PERPETUAL (CA) SERIES LLC
		CENTRAL INDEX KEY:			0002067811
		ORGANIZATION NAME:           	
		EIN:				931610822
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-100
		FILM NUMBER:		25954811

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CAPITAL SOLUTIONS PERPETUAL (CA) HOLDCO 1 S.A R.L.
		CENTRAL INDEX KEY:			0002067812
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-101
		FILM NUMBER:		25954812

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CAPITAL SOLUTIONS PERPETUAL (CA) COINV SERIES LLC
		CENTRAL INDEX KEY:			0002067813
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-102
		FILM NUMBER:		25954813

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS CAPITAL SOLUTIONS PERPETUAL (CA) COINV HOLDCO 1 S.A R.L.
		CENTRAL INDEX KEY:			0002067814
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-103
		FILM NUMBER:		25954814

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANFF PARTNERS LP
		CENTRAL INDEX KEY:			0002068164
		ORGANIZATION NAME:           	
		EIN:				861546994
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-106
		FILM NUMBER:		25954817

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JOCASSEE PARTNERS LLC
		CENTRAL INDEX KEY:			0002068261
		ORGANIZATION NAME:           	
		EIN:				834666850
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-126
		FILM NUMBER:		25954838

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIERRA SR LOAN STRATEGY JV I LLC
		CENTRAL INDEX KEY:			0002068265
		ORGANIZATION NAME:           	
		EIN:				371783374
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-118
		FILM NUMBER:		25954830

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DISTINCT DIRECT LENDING FUND 1 SCSP
		CENTRAL INDEX KEY:			0002068276
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15800-128
		FILM NUMBER:		25954840

	BUSINESS ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-805-7200

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 S. TRYON STREET
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
</SEC-HEADER>
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<TYPE>40-APP
<SEQUENCE>1
<FILENAME>ef20049069_40app.htm
<DESCRIPTION>40-APP
<TEXT>
<html>
  <head>
    <title></title>
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      <div style="text-align: right;">File No. 812-</div>
      <div>&#160;</div>
      <div style="text-align: center; font-size: 14pt;">U.S. SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-size: 12pt;">Washington, D.C. 20549</div>
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      <div style="text-align: center;">In the Matter of the Application of:</div>
      <div><br>
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      <div style="text-align: center; font-weight: bold;">BARINGS CORPORATE INVESTORS, BARINGS GLOBAL SHORT DURATION HIGH YIELD FUND, BARINGS DYNAMIC CREDIT INCOME FUND, CI SUBSIDIARY TRUST, BARINGS PARTICIPATION INVESTORS, PI SUBSIDIARY TRUST, BARINGS
        LLC, MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, C.M. LIFE INSURANCE COMPANY, BARINGS FINANCE LLC, TOWER SQUARE CAPITAL PARTNERS IV, L.P., TOWER SQUARE CAPITAL PARTNERS IV-A, L.P., BARINGS BDC, INC., ENERGY HARDWARE HOLDINGS, INC., SIC INVESTMENT
        HOLDINGS LLC, BARINGS PRIVATE CREDIT CORPORATION, BARINGS CAPITAL INVESTMENT CORPORATION, BCIC HOLDINGS, INC., BARINGS GLOBAL CREDIT FUND (LUX) &#8211; SEGREGATED LOAN ACCOUNT 5, BARINGS SEGREGATED LOANS 5 S.&#192; R.L., BAYVK R PRIVATE DEBT SCS, SICAV-FIS,
        BAYVK R PD 1 LOAN S.&#192; R.L., BARINGS EUROPEAN LOAN LIMITED, BCF EUROPE FUNDING LIMITED, BCF SENIOR FUNDING I DESIGNATED ACTIVITY COMPANY, BCF SENIOR FUNDING I LLC, BARINGS GLOBAL HIGH YIELD CREDIT STRATEGIES LIMITED, BARINGS DIRECT LENDING 2018 LP,
        BARINGS EUROPEAN DIRECT LENDING 1 L.P., BARINGS EUROPEAN DIRECT LENDING 1 S.&#192; R.L., BARINGS GLOBAL CREDIT FUND (LUX) &#8211; BARINGS EUROPEAN PRIVATE LOAN FUND II, BARINGS EUROPEAN PRIVATE LOANS 2 S.&#192; R.L., BARINGS GLOBAL CREDIT FUND (LUX) &#8211; BARINGS
        EUROPEAN PRIVATE LOAN FUND III, BARINGS EUROPEAN PRIVATE LOANS 3 S.&#192; R.L., BARINGS GLOBAL CREDIT FUND (LUX) &#8211; BARINGS EUROPEAN PRIVATE LOAN FUND III (A), BARINGS EUROPEAN PRIVATE LOANS 3A S.&#192; R.L., BARINGS GLOBAL CREDIT FUND (LUX) &#8211; BARINGS GLOBAL
        PRIVATE LOAN FUND 2, BARINGS GLOBAL PRIVATE LOANS 2 S.&#192; R.L., BARINGS GLOBAL CREDIT FUND (LUX) &#8211; BARINGS GLOBAL PRIVATE LOAN FUND 3, BARINGS GLOBAL PRIVATE LOANS 3 S.&#192; R.L., BARINGS GLOBAL PRIVATE LOAN FUND 4 SCSP, BARINGS GLOBAL PRIVATE LOANS 4
        S.&#192; R.L., BARINGS GLOBAL PRIVATE LOAN FUND 4(S) SCSP, BARINGS GLOBAL PRIVATE LOANS 4(S) S.&#192; R.L., BARINGS SEGREGATED LOANS 3 S.&#192; R.L., BARINGS GLOBAL CREDIT FUND (LUX) &#8211; SEGREGATED LOAN ACCOUNT 1, BARINGS SEGREGATED LOANS 1 S.&#192; R.L., BARINGS GLOBAL
        CREDIT FUND (LUX) &#8211; SEGREGATED LOAN ACCOUNT 2, BARINGS SEGREGATED LOANS 2 S.&#192; R.L., BARINGS GLOBAL INVESTMENT FUNDS PLC &#8211; GLOBAL PRIVATE LOAN STRATEGY FUND 1, BARINGS GLOBAL PRIVATE LOAN STRATEGY 1 LIMITED, BARINGS GLOBAL CREDIT FUND (LUX) &#8211;
        SEGREGATED LOAN ACCOUNT 4, BARINGS GLOBAL CREDIT FUND (LUX) &#8211; SEGREGATED LOAN ACCOUNT 6, BARINGS SEGREGATED LOANS 6 S.&#192; R.L., BARINGS SLA 6 LLC, BARINGS SS4 (LUX) LLC, BARINGS UMBRELLA FUND (LUX) &#8211; BARINGS GLOBAL SPECIAL SITUATIONS CREDIT FUND 4
        (LUX) FUND, BARINGS GLOBAL SPECIAL SITUATIONS CREDIT 4 (LUX) S.&#192; R.L., BARINGS GLOBAL CREDIT FUND (LUX) &#8211; BARINGS GLOBAL SPECIAL SITUATIONS CREDIT FUND 3, BARINGS GLOBAL SPECIAL SITUATIONS CREDIT 3 S.&#192; R.L., BARINGS -MM REVOLVER FUND LP, BARINGS
        SMALL BUSINESS FUND, L.P., BARINGS MIDDLE MARKET CLO LTD. 2017-I, <font style="color: #000000;">BARINGS MIDDLE MARKET CLO LTD. 2021-I, </font>MASSMUTUAL ASCEND LIFE INSURANCE COMPANY, MASSMUTUAL TRAD PRIVATE EQUITY LLC, BARINGS GLOBAL INVESTMENT
        FUNDS PLC &#8211; GLOBAL MULTI-CREDIT STRATEGY FUND 1, <br>
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      <div style="text-align: center; font-weight: bold;"> BARINGS GLOBAL MULTI-CREDIT STRATEGY 1 LIMITED, BARINGS GLOBAL INVESTMENT FUNDS PLC &#8211; GLOBAL MULTI-CREDIT STRATEGY FUND 3, BARINGS GLOBAL MULTI-CREDIT STRATEGY 3 LIMITED, BARINGS GLOBAL INVESTMENT
        FUNDS PLC &#8211; GLOBAL MULTI-CREDIT STRATEGY FUND 4, BARINGS GLOBAL MULTI-CREDIT STRATEGY 4 LIMITED, BME SCSP, BME INVESTMENT S.&#192; R.L., BARINGS NORTH AMERICAN PRIVATE LOAN FUND II (CAYMAN)-A, LP, BARINGS NORTH AMERICAN PRIVATE LOAN FUND II (CAYMAN),
        L.P., BARINGS NORTH AMERICAN PRIVATE LOAN FUND II (UNLEVERED), L.P., NAPLF (CAYMAN)-A SENIOR FUNDING II LLC, NAPLF (CAYMAN) SENIOR FUNDING II LLC, OTPP - BNAPLF II LP, OTPP - BNAPLF II FUNDING LP, BARINGS GLOBAL SPECIAL SITUATIONS CREDIT FUND 4
        (DELAWARE) L.P., BARINGS EUROPEAN LOAN STRATEGY 1 LIMITED, BPC FUNDING LLC, BPCC HOLDINGS, INC., JOCASSEE PARTNERS LLC, SIERRA SENIOR LOAN STRATEGY JV I LLC, BANFF PARTNERS LP, BARINGS NORTH AMERICAN PRIVATE LOAN FUND III (LUX) S.C.SP, BARINGS
        MIDDLE MARKET CLO 2023-I LTD., BARINGS MIDDLE MARKET CLO 2023-II LTD., BARINGS MIDDLE MARKET CLO LTD. 2025-I, BARINGS MIDDLE MARKET LOAN PARTNERS 1, BARINGS MIDDLE MARKET LOAN PARTNERS 2, BARINGS SPECIALTY PRIVATE DEBT HOLDCO 1 S.&#192; R.L., BARINGS
        SPECIALTY PRIVATE DEBT FUND 1, BARINGS SEGREGATED DIRECT LENDING HOLDCO 1 S.&#192; R.L., BARINGS SEGREGATED DIRECT LENDING HOLDCO 2 S.&#192; R.L., BARINGS SEGREGATED DIRECT LENDING HOLDCO 3 S.&#192; R.L., BARINGS SEGREGATED DIRECT LENDING HOLDCO 4 S.&#192; R.L.,
        BARINGS UMBRELLA FUND (LUX) - SEGREGATED DIRECT LENDING FUND 1, BARINGS UMBRELLA FUND (LUX) - SEGREGATED DIRECT LENDING FUND 2, BARINGS UMBRELLA FUND (LUX) - SEGREGATED DIRECT LENDING FUND 3, BARINGS UMBRELLA FUND (LUX)- SEGREGATED DIRECT LENDING
        FUND 4, BARINGS DISTINCT DIRECT LENDING HOLDCO 1 LIMITED, DISTINCT DIRECT LENDING FUND 1 SCSP, BARINGS GLOBAL DIVERSIFIED PRIVATE CREDIT FUND 1 SCSP, BARINGS GLOBAL DIVERSIFIED PRIVATE CREDIT HOLDCO 1 S.&#192; R.L., BARINGS DEVELOPED EUROPE PRIVATE LOAN
        FUND 1 SCSP, BARINGS GLOBAL SPECIAL SITUATIONS CREDIT FUND 2 LP, BARINGS CAPITAL SOLUTIONS PERPETUAL FUND (DE), L.P., BARINGS CAPITAL SOLUTIONS PERPETUAL FUND (DE) COINVEST, L.P., BARINGS CAPITAL SOLUTIONS PERPETUAL (DE) COINV HOLDCO 1 S.&#192; R.L.,
        BARINGS CAPITAL SOLUTIONS PERPETUAL (DE) HOLDCO 1 S.&#192; R.L., BARINGS CAPITAL SOLUTIONS PERPETUAL (DE) COINV SERIES LLC, BARINGS CAPITAL SOLUTIONS PERPETUAL (DE) SERIES LLC, BARINGS CAPITAL SOLUTIONS PERPETUAL FUND (LUX), BARINGS CAPITAL SOLUTIONS
        PERPETUAL (LUX) COINV HOLDCO 1 S.&#192; R.L., BARINGS CAPITAL SOLUTIONS PERPETUAL (LUX) HOLDCO 1 S.&#192; R.L., BARINGS CAPITAL SOLUTIONS PERPETUAL (LUX) SERIES LLC, BARINGS CAPITAL SOLUTIONS PERPETUAL (LUX) COINV SERIES LLC, BARINGS CAPITAL SOLUTIONS
        PERPETUAL FUND (CA), L.P., BARINGS CAPITAL SOLUTIONS PERPETUAL FUND (CA) COINVEST, L.P., BARINGS CAPITAL SOLUTIONS PERPETUAL (CA) COINV HOLDCO 1 S.&#192; R.L., BARINGS CAPITAL SOLUTIONS PERPETUAL (CA) HOLDCO 1 S.&#192; R.L., BARINGS CAPITAL SOLUTIONS
        PERPETUAL (CA)SERIES LLC, BARINGS CAPITAL SOLUTIONS PERPETUAL (CA) COINV SERIES LLC, BARINGS TARGET YIELD INFRASTRUCTURE DEBT FUND 2, BARINGS TARGET YIELD INFRASTRUCTURE DEBT HOLDCO 2 S.&#192; R.L., BARINGS TARGET YIELD INFRASTRUCTURE DEBT FUND, BARINGS
        TARGET YIELD INFRASTRUCTURE DEBT HOLDCO 1 S.&#192; R.L., BARINGS EUROPEAN PRIVATE LOAN FUND 4, BARINGS EUROPEAN PRIVATE LOAN FUND 4 (A), BARINGS EUROPEAN PRIVATE LOAN HOLDCO 4 S.&#192; R.L., BARINGS EUROPEAN PRIVATE LOAN HOLDCO 4A S.&#192; R.L., BARINGS PERPETUAL
        EUROPEAN DIRECT LENDING FUND, BARINGS PERPETUAL EUROPEAN DIRECT LENDING HOLDCO 1 S.&#192; R.L., BARINGS NAPLF3 (LUX) LLC, BARINGS GLOBAL SPECIAL SITUATIONS CREDIT 4 (DE) S.&#192; R.L.</div>
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      <div style="text-align: center;">300 South Tryon Street, Suite 2500</div>
      <div style="text-align: center;">Charlotte, North Carolina 28202</div>
      <div style="text-align: center;">(704) 805-7200</div>
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      <div style="text-align: center;"> <br>
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      <div style="text-align: center;">APPLICATION FOR AN ORDER PURSUANT TO SECTIONS 17(d) AND 57(i) OF THE INVESTMENT COMPANY ACT OF 1940 AND RULE 17d-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 PERMITTING CERTAIN JOINT TRANSACTIONS OTHERWISE PROHIBITED BY
        SECTIONS 17(d) AND 57(a)(4) OF AND RULE 17d-1 UNDER THE INVESTMENT COMPANY ACT OF 1940</div>
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      <div>&#160;</div>
      <div style="text-align: center; font-style: italic;">All Communications, Notices and Orders to:</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Jill Dinerman</div>
      <div style="text-align: center; font-weight: bold;">Chief Legal Officer</div>
      <div style="text-align: center; font-weight: bold;">Barings LLC</div>
      <div style="text-align: center; font-weight: bold;">300 S. Tryon Street, Suite 2500</div>
      <div style="text-align: center; font-weight: bold;">Charlotte, NC 28202</div>
      <div style="text-align: center; font-weight: bold;">(704) 805-7200</div>
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      <div style="text-align: center; font-style: italic;"> <br>
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      <div style="text-align: center; font-style: italic;">Copies to:</div>
      <div><br>
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              <div style="text-align: center; font-weight: bold;">Richard Horowitz, Esq.</div>
              <div style="text-align: center; font-weight: bold;">Dechert LLP</div>
              <div style="text-align: center; font-weight: bold;">1095 Avenue of the Americas</div>
              <div style="text-align: center; font-weight: bold;">New York, NY 10036</div>
              <div style="text-align: center; font-weight: bold;">(212) 698-3500</div>
              <div style="font-weight: bold; text-align: center;">richard.horowitz@dechert.com</div>
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            <td style="width: 34%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Harry S. Pangas, Esq.</div>
              <div style="text-align: center; font-weight: bold;">Dechert LLP</div>
              <div style="text-align: center; font-weight: bold;">1900 K Street, N.W.</div>
              <div style="text-align: center; font-weight: bold;">Washington, D.C. 20006</div>
              <div style="text-align: center; font-weight: bold;">(202) 261-3466</div>
              <div style="text-align: center; font-weight: bold;">Harry.Pangas@dechert.com</div>
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            <td style="width: 33.03%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Clay Douglas, Esq.</div>
              <div style="text-align: center; font-weight: bold;">Dechert LLP</div>
              <div style="text-align: center; font-weight: bold;">1900 K Street, NW</div>
              <div style="text-align: center; font-weight: bold;">Washington, DC 20006</div>
              <div style="text-align: center; font-weight: bold;">(202) 261-3326</div>
              <div style="text-align: center; font-weight: bold;">Clay.Douglas@dechert.com</div>
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      <div style="text-align: center;">May 15, 2025</div>
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      <div style="text-align: center; font-weight: bold;">UNITED STATES OF AMERICA</div>
      <div style="text-align: center; font-weight: bold;">BEFORE THE</div>
      <div style="text-align: center; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div>&#160;</div>
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              <div style="color: #000000; font-weight: bold;">IN THE MATTER OF</div>
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              <div style="color: #000000; font-weight: bold;">BARINGS CORPORATE INVESTORS, </div>
              <div style="color: #000000; font-weight: bold;">BARINGS GLOBAL SHORT DURATION</div>
              <div style="color: #000000; font-weight: bold;"> HIGH YIELD FUND, BARINGS DYNAMIC </div>
              <div style="color: #000000; font-weight: bold;">CREDIT INCOME FUND, CI SUBSIDIARY </div>
              <div style="color: #000000; font-weight: bold;">TRUST, BARINGS PARTICIPATION </div>
              <div style="color: #000000; font-weight: bold;">INVESTORS, PI SUBSIDIARY TRUST, </div>
              <div style="color: #000000; font-weight: bold;">BARINGS LLC, MASSACHUSETTS </div>
              <div style="color: #000000; font-weight: bold;">MUTUAL LIFE INSURANCE COMPANY, </div>
              <div style="color: #000000; font-weight: bold;">C.M. LIFE INSURANCE COMPANY, </div>
              <div style="color: #000000; font-weight: bold;">BARINGS FINANCE LLC, TOWER SQUARE </div>
              <div style="color: #000000; font-weight: bold;">CAPITAL PARTNERS IV, L.P., TOWER </div>
              <div style="color: #000000; font-weight: bold;">SQUARE CAPITAL PARTNERS IV-A, L.P., </div>
              <div style="color: #000000; font-weight: bold;">BARINGS BDC, INC., ENERGY HARDWARE </div>
              <div style="color: #000000; font-weight: bold;">HOLDINGS, INC., SIC INVESTMENT</div>
              <div style="color: #000000; font-weight: bold;"> HOLDINGS LLC, BARINGS PRIVATE </div>
              <div style="color: #000000; font-weight: bold;">CREDIT CORPORATION, BARINGS </div>
              <div style="color: #000000; font-weight: bold;">CAPITAL INVESTMENT CORPORATION, </div>
              <div style="color: #000000; font-weight: bold;">BCIC HOLDINGS, INC., BARINGS GLOBAL </div>
              <div style="color: #000000; font-weight: bold;">CREDIT FUND (LUX) &#8211; SEGREGATED </div>
              <div style="color: #000000; font-weight: bold;">LOAN ACCOUNT 5, BARINGS </div>
              <div style="color: #000000; font-weight: bold;">SEGREGATED LOANS 5 S.&#192; R.L., BAYVK R</div>
              <div style="color: #000000; font-weight: bold;"> PRIVATE DEBT SCS, SICAV-FIS, BAYVK R </div>
              <div style="color: #000000; font-weight: bold;">PD 1 LOAN S.&#192; R.L., BARINGS EUROPEAN </div>
              <div style="color: #000000; font-weight: bold;">LOAN LIMITED, BCF EUROPE FUNDING</div>
              <div style="color: #000000; font-weight: bold;"> LIMITED, BCF SENIOR FUNDING I </div>
              <div style="color: #000000; font-weight: bold;">DESIGNATED ACTIVITY COMPANY, BCF</div>
              <div style="color: #000000; font-weight: bold;"> SENIOR FUNDING I LLC, BARINGS </div>
              <div style="color: #000000; font-weight: bold;">GLOBAL HIGH YIELD CREDIT </div>
              <div style="color: #000000; font-weight: bold;">STRATEGIES LIMITED, BARINGS DIRECT </div>
              <div style="color: #000000; font-weight: bold;">LENDING 2018 LP, BARINGS EUROPEAN </div>
              <div style="color: #000000; font-weight: bold;">DIRECT LENDING 1 L.P., BARINGS</div>
              <div style="color: #000000; font-weight: bold;"> EUROPEAN DIRECT LENDING 1 S.&#192; R.L., </div>
              <div style="color: #000000; font-weight: bold;">BARINGS GLOBAL CREDIT FUND (LUX) &#8211; </div>
              <div style="color: #000000; font-weight: bold;">BARINGS EUROPEAN PRIVATE LOAN </div>
              <div style="color: #000000; font-weight: bold;">FUND II, BARINGS EUROPEAN PRIVATE </div>
              <div style="color: #000000; font-weight: bold;">LOANS 2 S.&#192; R.L., BARINGS GLOBAL </div>
              <div style="color: #000000; font-weight: bold;">CREDIT FUND (LUX) &#8211; BARINGS </div>
              <div style="color: #000000; font-weight: bold;">EUROPEAN PRIVATE LOAN FUND III, </div>
              <div style="color: #000000; font-weight: bold;">BARINGS EUROPEAN PRIVATE LOANS 3 </div>
              <div style="color: #000000; font-weight: bold;">S.&#192; R.L., BARINGS GLOBAL CREDIT FUND </div>
              <div style="color: #000000; font-weight: bold;">(LUX) &#8211; BARINGS EUROPEAN PRIVATE </div>
              <div style="color: #000000; font-weight: bold;">LOAN FUND III (A), BARINGS EUROPEAN </div>
              <div style="color: #000000; font-weight: bold;">PRIVATE LOANS 3A S.&#192; R.L.,&#160; </div>
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              <div style="color: #000000; font-weight: bold;">APPLICATION FOR AN ORDER </div>
              <div style="color: #000000; font-weight: bold;">PURSUANT TO SECTIONS 17(d) AND 57(i) </div>
              <div style="color: #000000; font-weight: bold;">OF THE INVESTMENT COMPANY ACT OF </div>
              <div style="color: #000000; font-weight: bold;">1940 AND RULE 17d-1 UNDER THE </div>
              <div style="color: #000000; font-weight: bold;">INVESTMENT COMPANY ACT OF 1940 </div>
              <div style="color: #000000; font-weight: bold;">PERMITTING CERTAIN JOINT </div>
              <div style="color: #000000; font-weight: bold;">TRANSACTIONS OTHERWISE </div>
              <div style="color: #000000; font-weight: bold;">PROHIBITED BY SECTIONS 17(d) AND</div>
              <div style="color: #000000; font-weight: bold;"> 57(a)(4) OF AND RULE 17d-1 UNDER THE</div>
              <div style="color: #000000; font-weight: bold;"> INVESTMENT COMPANY ACT OF 1940</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
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      <div><font style="font-weight: bold;"> </font>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="z65ba47903ddc4304aa937aae5d5ae1db">

            <tr>
              <td style="width: 48%; text-align: left; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS GLOBAL CREDIT FUND (LUX) &#8211; BARINGS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">GLOBAL PRIVATE LOAN FUND 2, </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS GLOBAL PRIVATE LOANS 2 S.&#192; </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">R.L., BARINGS GLOBAL CREDIT FUND </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">(LUX) &#8211; BARINGS GLOBAL PRIVATE LOAN </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">FUND 3, BARINGS GLOBAL PRIVATE </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">LOANS 3 S.&#192; R.L., BARINGS GLOBAL </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PRIVATE LOAN FUND 4 SCSP, BARINGS</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> GLOBAL PRIVATE LOANS 4 S.&#192; R.L., </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS GLOBAL PRIVATE LOAN FUND </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">4(S) SCSP, BARINGS GLOBAL PRIVATE </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">LOANS 4(S) S.&#192; R.L., BARINGS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">SEGREGATED LOANS 3 S.&#192; R.L., BARINGS</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> GLOBAL CREDIT FUND (LUX) &#8211; </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">SEGREGATED LOAN ACCOUNT 1, </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS SEGREGATED LOANS 1 S.&#192; R.L., </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS GLOBAL CREDIT FUND (LUX) &#8211; </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">SEGREGATED LOAN ACCOUNT 2, </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS SEGREGATED LOANS 2 S.&#192; R.L., </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS GLOBAL INVESTMENT FUNDS</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> PLC &#8211; GLOBAL PRIVATE LOAN </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">STRATEGY FUND 1, BARINGS GLOBAL </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PRIVATE LOAN STRATEGY 1 LIMITED,</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> BARINGS GLOBAL CREDIT FUND (LUX) &#8211; </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">SEGREGATED LOAN ACCOUNT 4, </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS GLOBAL CREDIT FUND (LUX) &#8211; </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">SEGREGATED LOAN ACCOUNT 6, </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS SEGREGATED LOANS 6 S.&#192; R.L.,</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> BARINGS SLA 6 LLC, BARINGS SS4 (LUX) </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">LLC, BARINGS UMBRELLA FUND (LUX) &#8211; </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS GLOBAL SPECIAL SITUATIONS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">CREDIT FUND 4 (LUX) FUND, BARINGS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">GLOBAL SPECIAL SITUATIONS CREDIT 4 </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">(LUX) S.&#192; R.L., BARINGS GLOBAL CREDIT </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">FUND (LUX) &#8211; BARINGS GLOBAL SPECIAL </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">SITUATIONS CREDIT FUND 3, BARINGS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">GLOBAL SPECIAL SITUATIONS CREDIT 3</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> S.&#192; R.L., BARINGS -MM REVOLVER FUND</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> LP, BARINGS SMALL BUSINESS FUND,</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> L.P., BARINGS MIDDLE MARKET CLO</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> LTD. 2017-I, BARINGS MIDDLE MARKET </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">CLO LTD. 2021-I, MASSMUTUAL ASCEND</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> LIFE INSURANCE COMPANY, </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">MASSMUTUAL TRAD PRIVATE EQUITY</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> LLC, BARINGS GLOBAL INVESTMENT</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> FUNDS PLC &#8211; GLOBAL MULTI-CREDIT </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">STRATEGY FUND 1, BARINGS GLOBAL</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> MULTI-CREDIT STRATEGY 1 LIMITED, </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS GLOBAL INVESTMENT FUNDS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PLC &#8211; GLOBAL MULTI-CREDIT STRATEGY FUND 3, </div>
              </td>
              <td style="width: 4%; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
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              <td style="width: 48%; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
              </td>
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        </table>
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        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="zaf022aff49264a3c82cd94278176bf53">

            <tr>
              <td style="width: 48%; text-align: left; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS GLOBAL</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> MULTI-CREDIT STRATEGY 3 LIMITED, </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS GLOBAL INVESTMENT FUNDS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PLC &#8211; GLOBAL MULTI-CREDIT </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">STRATEGY FUND 4, BARINGS GLOBAL</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> MULTI-CREDIT STRATEGY 4 LIMITED, </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BME SCSP, BME INVESTMENT S.&#192; R.L., </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS NORTH AMERICAN PRIVATE </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">LOAN FUND II (CAYMAN)-A, LP, BARINGS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">NORTH AMERICAN PRIVATE LOAN FUND </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">II (CAYMAN), L.P., BARINGS NORTH </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">AMERICAN PRIVATE LOAN FUND II</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> (UNLEVERED), L.P., NAPLF (CAYMAN)-A</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> SENIOR FUNDING II LLC, NAPLF</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> (CAYMAN) SENIOR FUNDING II LLC, OTPP</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> - BNAPLF II LP, OTPP - BNAPLF II </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">FUNDING LP, BARINGS GLOBAL SPECIAL </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">SITUATIONS CREDIT FUND 4</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> (DELAWARE) L.P., BARINGS EUROPEAN</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> LOAN STRATEGY 1 LIMITED, BPC</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> FUNDING LLC, BPCC HOLDINGS, INC., </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">JOCASSEE PARTNERS LLC, SIERRA </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">SENIOR LOAN STRATEGY JV I LLC, </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BANFF PARTNERS LP, BARINGS NORTH </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">AMERICAN PRIVATE LOAN FUND III</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> (LUX) S.C.SP, BARINGS MIDDLE MARKET</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> CLO 2023-I LTD., BARINGS MIDDLE </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">MARKET CLO 2023-II LTD., BARINGS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">MIDDLE MARKET CLO LTD. 2025-I, </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS MIDDLE MARKET LOAN </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PARTNERS 1, BARINGS MIDDLE MARKET</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> LOAN PARTNERS 2, BARINGS SPECIALTY</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> PRIVATE DEBT HOLDCO 1 S.&#192; R.L., </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS SPECIALTY PRIVATE DEBT <br>
                </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">FUND 1, BARINGS SEGREGATED DIRECT</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> LENDING HOLDCO 1 S.&#192; R.L., BARINGS</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> SEGREGATED DIRECT LENDING HOLDCO </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">2 S.&#192; R.L., BARINGS SEGREGATED </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">DIRECT LENDING HOLDCO 3 S.&#192; R.L., </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS SEGREGATED DIRECT </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">LENDING HOLDCO 4 S.&#192; R.L., </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS UMBRELLA FUND (LUX) - SEGREGATED</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> DIRECT LENDING FUND 1, BARINGS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">UMBRELLA FUND (LUX) - SEGREGATED</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> DIRECT LENDING FUND 2, BARINGS</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> UMBRELLA FUND (LUX) - SEGREGATED</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> DIRECT LENDING FUND 3, BARINGS</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> UMBRELLA FUND (LUX)- SEGREGATED</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> DIRECT LENDING FUND 4, BARINGS</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> DISTINCT DIRECT LENDING HOLDCO 1 LIMITED,</div>
              </td>
              <td style="width: 4%; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
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                <div style="color: rgb(0, 0, 0); font-weight: bold;">DISTINCT DIRECT LENDING</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> FUND 1 SCSP, BARINGS GLOBAL </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">DIVERSIFIED PRIVATE CREDIT FUND 1</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> SCSP, BARINGS GLOBAL DIVERSIFIED </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PRIVATE CREDIT HOLDCO 1 S.&#192; R.L., </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS DEVELOPED EUROPE PRIVATE </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">LOAN FUND 1 SCSP, BARINGS GLOBAL</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> SPECIAL SITUATIONS CREDIT FUND 2 LP, </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS CAPITAL SOLUTIONS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PERPETUAL FUND (DE), L.P., BARINGS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">CAPITAL SOLUTIONS PERPETUAL FUND </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">(DE) COINVEST, L.P., BARINGS CAPITAL </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">SOLUTIONS PERPETUAL (DE) COINV </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">HOLDCO 1 S.&#192; R.L., BARINGS CAPITAL</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> SOLUTIONS PERPETUAL (DE) HOLDCO 1</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> S.&#192; R.L., BARINGS CAPITAL SOLUTIONS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PERPETUAL (DE) COINV SERIES LLC, </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS CAPITAL SOLUTIONS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PERPETUAL (DE) SERIES LLC, BARINGS</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> CAPITAL SOLUTIONS PERPETUAL FUND</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> (LUX), BARINGS CAPITAL SOLUTIONS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PERPETUAL (LUX) COINV HOLDCO 1 S.&#192; </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">R.L., BARINGS CAPITAL SOLUTIONS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PERPETUAL (LUX) HOLDCO 1 S.&#192; R.L., </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS CAPITAL SOLUTIONS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PERPETUAL (LUX) SERIES LLC, BARINGS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">CAPITAL SOLUTIONS PERPETUAL (LUX)</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> COINV SERIES LLC, BARINGS CAPITAL</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> SOLUTIONS PERPETUAL FUND (CA), L.P., </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS CAPITAL SOLUTIONS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PERPETUAL FUND (CA) COINVEST, L.P., </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS CAPITAL SOLUTIONS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PERPETUAL (CA) COINV HOLDCO 1 S.&#192;</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">R.L., BARINGS CAPITAL SOLUTIONS</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PERPETUAL (CA) HOLDCO 1 S.&#192; R.L., </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS CAPITAL SOLUTIONS</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PERPETUAL (CA) SERIES LLC, BARINGS</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> CAPITAL SOLUTIONS PERPETUAL (CA) </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">COINV SERIES LLC, BARINGS TARGET </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">YIELD INFRASTRUCTURE DEBT FUND 2, </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">BARINGS TARGET YIELD </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">INFRASTRUCTURE DEBT HOLDCO 2 S.&#192; </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">R.L., BARINGS TARGET YIELD </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">INFRASTRUCTURE DEBT FUND, BARINGS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">TARGET YIELD INFRASTRUCTURE DEBT </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">HOLDCO 1 S.&#192; R.L., BARINGS EUROPEAN </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PRIVATE LOAN FUND 4, BARINGS </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">EUROPEAN PRIVATE LOAN FUND 4 (A),</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> BARINGS EUROPEAN PRIVATE LOAN</div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;"> HOLDCO 4 S.&#192; R.L., <br>
                </div>
              </td>
              <td style="width: 4%; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); text-align: left; vertical-align: top;">
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                </div>
              </td>
              <td style="width: 48%; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
              </td>
            </tr>

        </table>
      </div>
      <div><font style="font-weight: bold;"> <br>
        </font></div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="zea71daa03f6b45f7a6368f3a2ec6cb7d">

            <tr>
              <td style="width: 48%;">
                <div style="text-align: left; color: #000000; font-weight: bold;">BARINGS EUROPEAN PRIVATE LOAN HOLDCO 4A S.&#192; R.L., </div>
                <div style="text-align: left; color: #000000; font-weight: bold;">BARINGS PERPETUAL EUROPEAN </div>
                <div style="text-align: left; color: #000000; font-weight: bold;">DIRECT LENDING FUND, BARINGS </div>
                <div style="text-align: left; color: #000000; font-weight: bold;">PERPETUAL EUROPEAN DIRECT </div>
                <div style="text-align: left; color: #000000; font-weight: bold;">LENDING HOLDCO 1 S.&#192; R.L., BARINGS </div>
                <div style="text-align: left; color: #000000; font-weight: bold;">NAPLF3 (LUX) LLC, BARINGS GLOBAL </div>
                <div style="text-align: left; color: #000000; font-weight: bold;">SPECIAL SITUATIONS CREDIT 4 (DE) S.&#192; </div>
                <div style="text-align: left; color: #000000; font-weight: bold;">R.L.</div>
                <div><br>
                </div>
                <div style="text-align: left; color: #000000; font-weight: bold;">300 SOUTH TRYON STREET, SUITE 2500</div>
                <div style="text-align: left; color: #000000; font-weight: bold;">CHARLOTTE, NORTH CAROLINA 28202</div>
                <div><br>
                </div>
                <div style="text-align: left; color: #000000; font-weight: bold;">File No. 812-</div>
              </td>
              <td style="width: 4%;"><br>
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              <td style="width: 48%;"><br>
              </td>
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        </table>
        <font style="font-weight: bold;"><br>
        </font></div>
      <div><font style="font-weight: bold;">I.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">SUMMARY OF APPLICATION</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">The following entities hereby request an order (the &#8220;<font style="font-weight: bold; font-style: italic;">Order</font>&#8221;) of the U.S. Securities and Exchange Commission (the &#8220;<font style="font-weight: bold; font-style: italic;">SEC</font>&#8221; or &#8220;<font style="font-weight: bold; font-style: italic;">Commission</font>&#8221;) under Section 57(i) of the Investment Company Act of 1940, as amended (the &#8220;<font style="font-weight: bold; font-style: italic;">1940
          Act</font>&#8221;),<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> and Rule 17d-1, permitting certain joint transactions otherwise prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 thereunder.&#160;
        The Order would supersede the exemptive orders issued by the Commission on March 20, 2024 and October 19, 2017 (collectively, the &#8220;<font style="font-weight: bold; font-style: italic;">Prior Order</font>&#8221;)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> that was granted pursuant to Sections 17(d), 57(a)(4), 57(i) and Rule 17d-1, with the result that no person will continue to rely on the Prior Order if the Order is granted.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z287b1e962ed145ac87f3255a28e15bcb" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Barings Corporate Investors (formerly, Babson Capital Corporate Investors) (&#8220;<font style="font-weight: bold; font-style: italic;">MCI</font>&#8221;) is a closed-end diversified management investment company registered under the 1940 Act;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z5252d5973f244ac4bd823b10e37d0a43" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Barings Participation Investors (formerly, Babson Capital Participation Investors) (&#8220;<font style="font-weight: bold; font-style: italic;">MPV</font>&#8221;) is a closed-end diversified management investment company registered under the 1940
                Act;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zf228d77bfea4424395f700785a85c9ab" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Barings Global Short Duration High Yield Fund (&#8220;<font style="font-weight: bold; font-style: italic;">BGH</font>&#8221;) is a closed-end diversified management investment company registered under the 1940 Act;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z59ba0237e0bf4ece8f41dd0e64dd282a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Barings Dynamic Credit Income Fund (&#8220;<font style="font-weight: bold; font-style: italic;">BDCIF</font>&#8221; and together with MCI, MPV and BGH the &#8220;<font style="font-weight: bold; font-style: italic;">Existing CEFs</font>&#8221;) is a Delaware
                statutory trust that intends to register under the 1940 Act as a closed-end management investment company;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <hr noshade="noshade" align="left" style="height: 2px; width: 25%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;">
      <table cellspacing="0" cellpadding="0" id="zce3f90a6c1f44a32813c6a85f5ef6fc2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Unless otherwise indicated, all section and rule references herein are to the 1940 Act and rules promulgated thereunder.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zee1f2e46ce174b0284dd4a7482fbd9d9" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><u>Barings Corporate Investors, et al</u>.&#160;(File&#160;No.&#160;812-15488),&#160;Release No.&#160;IC-35131&#160;(February 14, 2024) (notice), Release No.&#160;IC-35158&#160;(March 20, 2024) (order) and <u>Barings Corporate Investors, et. al</u>.
                (File&#160;No.&#160;812-14689),&#160;Release No.&#160;IC-32822&#160;(September 20, 2017) (notice), Release No.&#160;IC-32864&#160;(October 19, 2017) (order).</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" id="z79789dd5a20841f19a4b2c3fb9650d71" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Barings BDC, Inc. (&#8220;<font style="font-weight: bold; font-style: italic;">BBDC</font>&#8221;) is an externally managed, closed-end management investment company that has elected to be regulated as a business development company (&#8220;<font style="font-weight: bold; font-style: italic;">BDC</font>&#8221;) under the 1940 Act;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z1b961d0453ea471fabc48af35993730b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Barings Private Credit Corporation (&#8220;<font style="font-weight: bold; font-style: italic;">BPCC</font>&#8221;) is an externally managed, closed-end management investment company that has elected to be regulated as a BDC under the 1940 Act; and</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z508fb36a4b8b49e1978824333aa967f0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Barings Capital Investment Corporation (&#8220;<font style="font-weight: bold; font-style: italic;">BCIC</font>&#8221; and, together with BBDC and BPCC, the &#8220;<font style="font-weight: bold; font-style: italic;">Existing BDCs</font>&#8221; and,
                collectively with the CEFs, the &#8220;<font style="font-weight: bold; font-style: italic;">Existing Regulated Funds</font>&#8221;) is an externally managed, closed-end management investment company that has elected to be regulated as a BDC under the
                1940 Act;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z5fe2dd873afc42d3811db8062ba68bd1" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Certain vehicles (as identified on <u>Schedule A</u> hereto), each of which is a Wholly-Owned Investment Sub or Joint Venture (as each such term is defined below) (collectively, the &#8220;<font style="font-weight: bold; font-style: italic;">Existing



                  Wholly-Owned Subsidiaries and Joint Ventures</font>&#8221;);</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zb181b165ebd44dda84b18e1bc7025974" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Massachusetts Mutual Life Insurance Company and its successors (&#8220;<font style="font-weight: bold; font-style: italic;">MassMutual</font>&#8221;);</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z86dafdd31eb342868e6c3dc4e84d6e5f" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>C.M. Life Insurance Company (&#8220;<font style="font-weight: bold; font-style: italic;">C.M. Life</font>&#8221;);</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zd0efd11aba5b4c0f8705e5e3bbcc02cd" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>MassMutual Ascend Life Insurance Company (&#8220;<font style="font-weight: bold; font-style: italic;">MassMutual Ascend</font>&#8221;);</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zb9c77b8ae89e4f1493c10d81f75de0ab" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>MassMutual Trad Private Equity LLC (&#8220;<font style="font-weight: bold; font-style: italic;">MassMutual Trad</font>&#8221;);</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zaf51aac387904442b86e20b202b2a41f" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Barings Finance LLC (&#8220;<font style="font-weight: bold; font-style: italic;">Barings Finance</font>&#8221;);</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z41a58b6e9bad4409aaea51753b7f85d9" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>BCF Europe Funding Limited (&#8220;<font style="font-weight: bold; font-style: italic;">BCF Europe</font>&#8221;);</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zd023ccbb29e44271b8be9c2e1a19029b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>BCF Senior Funding I LLC (&#8220;<font style="font-weight: bold; font-style: italic;">BCF Senior</font>&#8221;);</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zd1398b4801eb4723b6114c52bbd11103" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>BCF Senior Funding I Designated Activity Company (&#8220;<font style="font-weight: bold; font-style: italic;">BCF Designated</font>&#8221; and together with MassMutual Ascend, MassMutual Trad, Barings Finance, BCF Europe, BCF Senior, the &#8220;<font style="font-weight: bold; font-style: italic;">Existing Insurance Company Wholly Owned Subsidiaries</font>&#8221;)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>; and</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zd05d5e3636184440a03f02a3c1e6dc64" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Barings LLC (formerly, Babson Capital Management LLC) and its successors<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup> (&#8220;<font style="font-weight: bold; font-style: italic;">Barings</font>&#8221;) and
                certain person controlling, controlled by, or under common control with Barings or MassMutual (each an &#8220;<font style="font-weight: bold; font-style: italic;">Existing Adviser</font>&#8221; and together with Barings, the &#8220;<font style="font-weight: bold; font-style: italic;">Existing Advisers</font>&#8221;). Each of the Existing Advisers is (i) registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the <font style="font-weight: bold; font-style: italic;">Advisers Act</font>&#8221;), or (ii) relies on the Adviser Act registration statement of another Existing Adviser;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z9321f438b9fa4188adc62b5340a94337" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Certain existing investment vehicles (as identified on <u>Schedule B</u> hereto), each of which is a separate and distinct legal entity and each of which would be an investment company but for Section 3(c)(1) or Section 3(c)(7) of the
                1940 Act (the &#8220;<font style="font-weight: bold; font-style: italic;">Existing Affiliated Funds</font>&#8221; and together with MassMutual, C.M. Life<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup> and the Existing
                Insurance Company Wholly Owned Subsidiaries, the &#8220;<font style="font-weight: bold; font-style: italic;">Existing Affiliated Entities</font>&#8221; and collectively with the Existing Regulated Funds, the Existing Advisers and the Existing
                Wholly-Owned Subsidiaries and Joint Ventures, the &#8220;<font style="font-weight: bold; font-style: italic;">Applicants</font>&#8221;).<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">6</sup></div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <hr noshade="noshade" align="left" style="height: 2px; width: 25%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;">
      <table cellspacing="0" cellpadding="0" id="z81ae2fd800da4c399568a7436740a988" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>In addition to the Existing Insurance Company Wholly Owned Subsidiaries listed above which are currently expected to participate in the co-investment program, other existing or future wholly-owned subsidiaries of MassMutual and C.M. Life
                may participate in the co-investment program on their behalf at a later date.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="za6fed965198542cd9a1a825db5534931" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The term &#8220;successor&#8221; means an entity that results from a reorganization or change in type of business organization.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z51d5cf922014414fad44a990523dc360" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Both MassMutual and C.M. Life are excluded from investment company status by Section 3(c)(3) and an Adviser serves as investment adviser to a portion of their accounts pursuant to investment advisory agreements.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z7d478b8175df4c4baebbf1d365529660" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">6</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>All existing entities that currently intend to rely upon the requested Order have been named as Applicants. Any other existing or future entity that subsequently relies on the Order will comply with the terms and conditions of the
                Application.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">The relief requested in this application for the Order (the &#8220;<font style="font-weight: bold; font-style: italic;">Application</font>&#8221;) would allow a Regulated Fund<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup> and one or more Affiliated Entities<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">8</sup> to engage in Co-Investment Transactions<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">9</sup> subject to the terms and conditions described herein. The Regulated Funds and Affiliated Entities that participate in a Co-Investment Transaction are collectively referred to herein as &#8220;<font style="font-weight: bold; font-style: italic;">Participants</font>.&#8221;<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">10</sup> The Applicants do not seek relief for transactions effected consistent with Commission staff no-action positions.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">11</sup></div>
      <div>&#160;</div>
      <hr noshade="noshade" align="left" style="height: 2px; width: 25%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;">
      <table cellspacing="0" cellpadding="0" id="z56a3471ca584466a9805592be6aead4b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>&#8220;<font style="font-weight: bold; font-style: italic;">Regulated Fund</font>&#8221; means the Existing Regulated Funds and any Future Regulated Funds.&#160; &#8220;<font style="font-weight: bold; font-style: italic;">Future Regulated Fund</font>&#8221; means an
                entity (a) that is a closed-end management investment company registered under the 1940 Act, or a closed-end management investment company that has elected to be regulated as a business development company under the 1940 Act, (b)&#160;whose (1)
                primary investment adviser or (2) sub-adviser is an Adviser (as defined below) and (c) that intends to engage in Co-Investment Transactions.&#160; If an Adviser serves as sub-adviser to a Regulated Fund whose primary adviser is not also an
                Adviser, such primary adviser shall be deemed to be an Adviser with respect to conditions 3 and 4 only.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; margin-left: 18pt;">The term Regulated Fund also includes (a) any Wholly-Owned Investment Sub (as defined below) of a Regulated Fund, (b) any Joint Venture (as defined below) of a Regulated Fund, and (c) any BDC
        Downstream Fund (as defined below) of a Regulated Fund that is a business development company.&#160; &#8220;<font style="font-weight: bold; font-style: italic;">Wholly-Owned Investment Sub</font>&#8221; means an entity: (a) that is a &#8220;wholly-owned subsidiary&#8221; (as
        defined in Section 2(a)(43) of the 1940 Act) of a Regulated Fund; (b) whose sole business purpose is to hold one or more investments and which may issue debt on behalf or in lieu of such Regulated Fund; and (c) is not a registered investment
        company or a business development company.&#160; &#8220;<font style="font-weight: bold; font-style: italic;">Joint Venture</font>&#8221; means an unconsolidated joint venture subsidiary of a Regulated Fund, in which all portfolio decisions, and generally all other
        decisions in respect of such joint venture, must be approved by an investment committee consisting of representatives of the Regulated Fund and the unaffiliated joint venture partner (with approval from a representative of each required).&#160; &#8220;<font style="font-weight: bold; font-style: italic;">BDC Downstream Fund</font>&#8221; means an entity (a) directly or indirectly controlled by a Regulated Fund that is a business development company, (b) that is not controlled by any person other than the
        Regulated Fund (except a person that indirectly controls the entity solely because it controls the Regulated Fund), (c) that would be an investment company but for Section 3(c)(1) or 3(c)(7) of the 1940 Act, (d) whose investment adviser is an
        Adviser and (e) that is not a Wholly-Owned Investment Sub.</div>
      <div>&#160;</div>
      <div style="text-align: justify; margin-left: 18pt;">In the case of a Wholly-Owned Investment Sub that does not have a chief compliance officer or a Board, the chief compliance officer and Board of the Regulated Fund that controls the Wholly-Owned
        Investment Sub will be deemed to serve those roles for the Wholly-Owned Investment Sub.&#160; In the case of a Joint Venture or a BDC Downstream Fund (as applicable) that does not have a chief compliance officer or a Board, the chief compliance officer
        of the Regulated Fund will be deemed to be the Joint Venture&#8217;s or BDC Downstream Fund&#8217;s chief compliance officer, and the Joint Venture&#8217;s or BDC Downstream Fund&#8217;s investment committee will be deemed to be the Joint Venture&#8217;s or BDC Downstream
        Fund&#8217;s Board.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zc7a9cb7cf9774f91b94636bb830976da" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">8</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>&#8220;<font style="font-weight: bold; font-style: italic;">Affiliated Entity</font>&#8221; means an entity or account not controlled by a Regulated Fund that intends to engage in Co-Investment Transactions and that is (a) with respect to a
                Regulated Fund, another Regulated Fund; (b) an Adviser or its affiliates (other than an open-end investment company registered under the 1940 Act), and any direct or indirect, wholly- or majority-owned subsidiary of an Adviser or its
                affiliates (other than of an open-end investment company registered under the 1940 Act), that is participating in a Co-Investment Transaction in a principal capacity; or (c) any entity or account that would be an investment company but for
                Section 3(c) of the 1940 Act or Rule 3a-7 thereunder and whose investment adviser is an Adviser.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; margin-left: 18pt;">To the extent that an entity described in clause (b) is not advised by an Adviser, such entity shall be deemed to be an Adviser for purposes of the conditions.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z1709423692fd4906813ed6aef07656df" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">9</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>&#8220;<font style="font-weight: bold; font-style: italic;">Co-Investment Transaction</font>&#8221; means the acquisition or Disposition of securities of an issuer in a transaction effected in reliance on the Order or previously granted relief.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">
        <div>Transaction are collectively referred to herein as &#8220;<font style="font-weight: bold; font-style: italic;">Participants</font>.&#8221;<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">10</sup> The Applicants do not seek relief
          for transactions effected consistent with Commission staff no-action positions.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">11</sup></div>
        <div>&#160;</div>
      </div>
      <div style="text-align: justify;"><font style="font-weight: bold;">II.</font>&#160;&#160;&#160;&#160; &#160;&#160; &#160;&#160; <font style="font-weight: bold;">GENERAL DESCRIPTION OF THE APPLICANTS</font></div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="ze0fd0cbcfaa3495aa7d1d656ddd5b532" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">A.</td>
            <td style="vertical-align: top;">
              <div style="color: #000000;">MCI</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">MCI is a closed-end diversified management investment company registered under the 1940 Act. MCI was organized in 1971 as a Massachusetts business trust. MCI has made an election to be treated as a
        regulated investment company (&#8220;RIC&#8221;) under Subchapter M of the Internal Revenue Code of 1986 (the &#8220;Code&#8221;), and intends to continue to make such election in the future. MCI&#8217;s principal place of business is 300 South Tryon Street, Suite 2500
        Charlotte, North Carolina 28202.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">MCI&#8217;s investment objective is to maintain a portfolio of securities providing a current yield and, when available, an opportunity for capital gains. MCI has a seven-member board (the &#8220;<font style="font-weight: bold; font-style: italic;">MCI Board</font>&#8221;), of which five members are not &#8220;interested&#8221; persons of the Fund within the meaning of Section 2(a)(19) of the Act.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">12</sup></div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z72266017f5fa43f6982cf0c4b569fa27" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">B.</td>
            <td style="vertical-align: top;">
              <div style="color: #000000;">MPV</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">MPV is a closed-end diversified management investment company registered under the 1940 Act. MPV was organized in 1988 as a Massachusetts business trust. MPV has made an election to be treated as a
        RIC under Subchapter M of the Code and intends to continue to make such election in the future. MPV&#8217;s principal place of business is 300 South Tryon Street, Suite 2500 Charlotte, North Carolina 28202.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">MPV&#8217;s investment objective is to maintain a portfolio of securities providing a current yield and, when available, an opportunity for capital gains. MPV has a seven-member board (the &#8220;<font style="font-weight: bold; font-style: italic;">MPV Board</font>&#8221;), of which five members are not &#8220;interested&#8221; persons of the Fund within the meaning of Section 2(a)(19) of the Act.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z600dea456c104856a11ee77fbde39942" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">C.</td>
            <td style="vertical-align: top;">
              <div style="color: #000000;">BGH</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">BGH is a closed-end diversified management investment company registered under the 1940 Act. BGH was organized on May 20, 2011 as a Massachusetts business trust.&#160; BGH has made an election to be
        treated as a RIC under Subchapter M of the Code and intends to continue to make such election in the future. BGH&#8217;s principal place of business is 300 South Tryon Street, Suite 2500 Charlotte, North Carolina 28202.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">BGH&#8217;s investment objective is to seek as high a level of current income as its Adviser determines is consistent with capital preservation. BGH has a four-member board (the &#8220;<font style="font-weight: bold; font-style: italic;">BGH Board</font>&#8221;), of which three members are not &#8220;interested&#8221; persons of the Fund within the meaning of Section 2(a)(19) of the Act.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zdcb3871dad8d4f0ea79f29034d2aa5ad" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">D.</td>
            <td style="vertical-align: top;">
              <div>BDCIF</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <hr noshade="noshade" align="left" style="height: 2px; width: 25%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;">
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">10</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>&#8220;<font style="font-weight: bold; font-style: italic;">Adviser</font>&#8221; means the Existing Advisers and any other investment adviser controlling, controlled by, or under common control with an Existing Adviser. The term &#8220;Adviser&#8221; also
                includes any internally-managed Regulated Fund.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">11</sup></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-style: italic;">See, e.g.</font>, Massachusetts Mutual Life Insurance Co. (pub. avail. June 7, 2000), Massachusetts Mutual Life Insurance Co. (pub. avail. July 28, 2000) and SMC Capital, Inc. (pub. avail. Sept. 5,
                  1995).</div>
              </td>
            </tr>

        </table>
      </div>
      <br>
      <table cellspacing="0" cellpadding="0" id="z8e559f10973743b6941a732c92537d05" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">12</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: #000000;">The Board of each Future Regulated Fund will consist of a majority of members who are not &#8220;interested persons&#8221; of such Future Regulated Fund within the meaning of Section 2(a)(19) of the Act.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">BDCIF is a Delaware statutory trust that intends to register under the 1940 Act as a closed-end management investment company. BDCIF was organized on November 19, 2024 as a Delaware statutory trust. BDCIF intends to
        elect to be treated as a RIC under Subchapter M of the Code and intends to continue to make such election in the future. BDCIF&#8217;s principal place of business is 300 South Tryon Street, Suite 2500 Charlotte, North Carolina 28202.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">BDCIF&#8217;s investment objective is to generate high current income and, when consistent with this objective, seek capital appreciation. The Fund will be managed under the direction of a board (the &#8220;<font style="font-weight: bold; font-style: italic;">BDCIF Board</font>&#8221;), of which a majority of the members will not be &#8220;interested&#8221; persons of BDCIF within the meaning of Section 2(a)(19) of the Act.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z8cf06ed15ce940a58cee30b4865956ff" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">E.</td>
            <td style="vertical-align: top;">
              <div>BBDC</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">BBDC is an externally managed, closed-end management investment company that has elected to be regulated as a BDC under the 1940 Act. BBDC was incorporated in Maryland on October 10, 2006 as a
        Maryland corporation. BBDC has made an election to be treated as a RIC under Subchapter M of the Code and intends to continue to make such election in the future. BBDC&#8217;s principal place of business is 300 South Tryon Street, Suite 2500 Charlotte,
        North Carolina 28202.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">BBDC&#8217;s investment objective is to generate current income by investing directly in privately-held middle-market companies to help these companies fund acquisitions, growth or refinancing. BBDC has a
        nine-member board (the &#8220;<font style="font-weight: bold; font-style: italic;">BBDC Board</font>&#8221;), of which seven members are not &#8220;interested&#8221; persons of the Fund within the meaning of Section 2(a)(19) of the Act.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zae917cceac6c4e888a1e30130e40544d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">F.</td>
            <td style="vertical-align: top;">
              <div>BPCC</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">BPCC is an externally managed, closed-end management investment company that has elected to be regulated as a BDC under the 1940 Act. BPCC was formed on April 2, 2021 as a Maryland limited liability
        company and converted to a Maryland corporation on May 13, 2021 in connection with the commencement of its operations. BPCC has made an election to be treated as a RIC under Subchapter M of the Code and intends to continue to make such election in
        the future. BPCC&#8217;s principal place of business is 300 South Tryon Street, Suite 2500 Charlotte, North Carolina 28202.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">BPCC&#8217;s investment objective is to generate current income by investing directly in privately-held middle-market companies to help these companies fund acquisitions, growth or refinancing. BPCC has a
        four-member board (the &#8220;<font style="font-weight: bold; font-style: italic;">BPCC Board</font>&#8221;), of which three members are not &#8220;interested&#8221; persons of the Fund within the meaning of Section 2(a)(19) of the Act.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z28cfbe461ef5443abf481114f8344b2a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">G.</td>
            <td style="vertical-align: top;">
              <div>BCIC</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">BCIC is an externally managed, closed-end management investment company that has elected to be regulated as a BDC under the 1940 Act. BCIC was formed on February 20, 2020 as a Maryland limited
        liability company, converted to a Maryland corporation on April 28, 2020 and commenced its operations on July 13, 2020.&#160; BCIC has made an election to be treated as a RIC under Subchapter M of the Code and intends to continue to make such election
        in the future. BCIC&#8217;s principal place of business is 300 South Tryon Street, Suite 2500 Charlotte, North Carolina 28202.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">BCIC&#8217;s investment objective is to provide consistently attractive returns. BCIC has a six-member board (the &#8220;<font style="font-weight: bold; font-style: italic;">BCIC Board</font>&#8221;), of which four
        members are not &#8220;interested&#8221; persons of the Fund within the meaning of Section 2(a)(19) of the Act.</div>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" id="z139bab2659814bcdb4efa279be6d5b40" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">H.</td>
            <td style="vertical-align: top;">
              <div style="color: #000000;">MassMutual, Existing Insurance Company Wholly Owned Subsidiaries and Barings</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">MassMutual is a mutual life insurance company organized under the laws of the Commonwealth of Massachusetts. The Existing Insurance Company Wholly Owned Subsidiaries are wholly-owned subsidiaries of
        MassMutual. Barings, a limited liability company organized under the laws of Delaware, is an investment adviser registered with the Commission under the Advisers Act and is an indirect, wholly-owned subsidiary of MassMutual. Barings is the
        investment adviser to the Existing Regulated Funds and the Existing Affiliated Entities. MassMutual, the Existing Insurance Company Wholly Owned Subsidiaries, Barings, and investment advisory clients of MassMutual and Barings may from time to time
        invest in the Regulated Funds and/or the Affiliated Entities.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">As a mutual life insurance company regulated by the Massachusetts Department of Insurance (the &#8220;<font style="font-weight: bold; font-style: italic;">MA DOI</font>&#8221;) and the self-regulatory
        organization the National Association of Insurance Commissioners, MassMutual invests its general investment account to match its liabilities with respect to maturity and interest rate risk, including managing duration, liquidity and overall
        volatility. MassMutual&#8217;s accounts are reviewed by the MA DOI to ensure compliance with various legal and accounting rules that, among other things, govern the types and amount of assets that an insurance company must maintain to help assure its
        ability to meet its obligations to policy holders. MassMutual&#8217;s accounts are also subject to internal investment policies and oversight by various MassMutual committees.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">MassMutual&#8217;s accounts are advised by Barings and other unaffiliated investment advisers. Barings serves as investment adviser to a portion of MassMutual&#8217;s accounts pursuant to investment advisory
        agreements.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">Although MassMutual indirectly owns Barings, Barings has a separate Board of Directors, officers and management team from MassMutual and operates as a separate, distinct legal entity. Barings&#8217;
        portfolio managers&#8217; compensation is paid on the same basis with respect to managing the MassMutual accounts and any third-party accounts. Further, Barings&#8217; allocation procedures do not distinguish between MassMutual&#8217;s accounts and third-party
        accounts. Consequently, despite the affiliation between MassMutual and Barings, Barings manages the MassMutual accounts at arm&#8217;s length in the same way it manages third-party accounts in the relevant asset classes.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z25be97a3c70f466caf8c9cc6cf302f0e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">I.</td>
            <td style="vertical-align: top;">
              <div>The Existing Wholly-Owned Subsidiaries and Joint Ventures</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">Each of the Existing Wholly-Owned Subsidiaries is a direct or indirect wholly-owned subsidiary of an Existing Regulated Fund whose sole business purpose is to hold one or more investments on behalf of
        such Existing Regulated Fund. Each Existing Wholly-Owned Subsidiary is a separate and distinct legal entity. The Existing Wholly-Owned Subsidiaries have investment objectives and strategies that are substantially the same as, or a subset of, those
        of the applicable Existing Regulated Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">Each of the Existing Joint Ventures is an unconsolidated joint venture subsidiary of an Existing Regulated Fund, in which all portfolio decisions, and generally all other decisions in respect of such
        joint venture, must be approved by an investment committee consisting of representatives of the respective Regulated Fund and the unaffiliated joint venture partner (with approval from a representative of each required).</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">A list of the Existing Wholly-Owned Subsidiaries and Joint Ventures is included on <u>Schedule A</u> hereto.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="za61466cb635b4031bb5b900f88c7df21" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">J.</td>
            <td style="vertical-align: top;">
              <div>The Existing Affiliated Funds</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; color: #000000;">The Existing Affiliated Funds are investment funds each of whose investment adviser is an Existing Adviser and each of which would be an &#8220;investment company&#8221; but for Section 3(c)(1) or Section 3(c)(7)
        of the 1940 Act.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">13</sup> A list of the Existing Affiliated Funds is included on <u>Schedule B</u> hereto.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">Barings is the investment adviser to the Existing Regulated Funds and Barings or another Existing Adviser will be the investment adviser to each of the Future Regulated Funds. The Regulated Funds may be deemed to be
        under common control, and thus affiliated persons of each other under Section 2(a)(3)(C). Because MassMutual controls Barings, MassMutual is an affiliated person of Barings under Section 2(a)(3)(C), and therefore an affiliated person of an
        affiliated person of each Existing Regulated Fund. Barings or another Existing Adviser will be the investment adviser to each Affiliated Entity. Each Existing Adviser and each other Regulated Fund and Affiliated Entity may be deemed to be under
        common control with, and therefore an affiliated person of, each Regulated Fund under Section 2(a)(3)(C). As a result, these relationships might cause a Regulated Fund and one or more Existing Advisers, other Regulated Funds and/or one or more
        Affiliated Entities participating in Co-Investment Transactions to be subject to Sections 17(d) or 54(a)(4), and thus subject to the provisions of Rule 17d-1.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">III.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">ORDER REQUESTED</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="color: #000000;">The Applicants request an Order of the Commission under Sections 17(d) and 57(i) of the 1940 Act and Rule 17d-1 thereunder to permit, subject to the terms and conditions set forth below
          in this Application (the &#8220;</font><font style="font-weight: bold; font-style: italic; color: #000000;">Conditions</font><font style="color: #000000;">&#8221;), each Regulated Fund to be able to participate with one or more Affiliated Entities in
          Co&#8209;Investment Transactions</font> otherwise prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d&#8209;1 thereunder<font style="color: #000000;">.</font></div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z6ea58c06b68d413f9836650866e1bf0e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">A.</td>
            <td style="vertical-align: top; text-align: justify;">
              <div>Applicable Law</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify;">Section 17(d), in relevant part, prohibits an affiliated person, or an affiliated person of such affiliated person, of a registered investment company, acting as principal, from effecting any transaction in which the
        registered investment company is &#8220;a joint or a joint and several participant with such person&#8221; in contravention of such rules as the SEC may prescribe &#8220;for the purpose of limiting or preventing participation by such [fund] on a basis different from
        or less advantageous than that of such other participant.&#8221;</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Rule 17d-1 prohibits an affiliated person, or an affiliated person of such affiliated person, of a registered investment company, acting as principal, from participating in, or effecting any transaction in connection
        with, any &#8220;joint enterprise or other joint arrangement or profit-sharing plan&#8221;<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">14</sup> in which the fund is a participant without first obtaining an order from the SEC.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">Section 57(a)(4), in relevant part, prohibits any person related to a business development company in the manner described in Section 57(b), acting as principal, from knowingly effecting any transaction in which the
        business development company is a joint or a joint and several participant with such persons in contravention of such rules as the Commission may prescribe for the purpose of limiting or preventing participation by the business development company
        on a basis less advantageous than that of such person.</div>
      <div>&#160;</div>
      <div>
        <hr noshade="noshade" align="left" style="height: 2px; width: 25%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
      <table cellspacing="0" cellpadding="0" id="z8f23e794b33849468621c789553bf09d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">13</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: #000000;">In the future, an Affiliated Entity that is not a Regulated Fund may register as a closed-end management investment company or elect to be regulated as a BDC under the 1940 Act and, if so, will be considered a
                Regulated Fund for purposes of this application.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z93fa34bdc13c4fffb82d30e8f73b4cd6" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">14</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Rule 17d-1(c) defines a &#8220;[j]oint enterprise or other joint arrangement or profit-sharing plan&#8221; to include, in relevant part, &#8220;any written or oral plan, contract, authorization or arrangement or any practice or understanding concerning an
                enterprise or undertaking whereby a registered investment company &#8230; and any affiliated person of or principal underwriter for such registered company, or any affiliated person of such a person or principal underwriter, have a joint or a
                joint and several participation, or share in the profits of such enterprise or undertaking &#8230;.&#8221;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">Section 57(i) provides that, until the SEC prescribes rules under Section 57(a), the SEC&#8217;s rules under Section 17(d) applicable to registered closed-end investment companies will be deemed to apply to persons subject
        to the prohibitions of Section 57(a).&#160; Because the SEC has not adopted any rules under Section 57(a), Rule 17d-1 applies to persons subject to the prohibitions of Section 57(a).</div>
      <div>&#160;</div>
      <div style="text-align: justify;">Rule 17d-1(b) provides, in relevant part, that in passing upon applications under the rule, the Commission will consider whether the participation of a registered investment company in a joint enterprise, joint
        arrangement or profit-sharing plan on the basis proposed is consistent with the provisions, policies and purposes of the 1940 Act and the extent to which such participation is on a basis different from or less advantageous than that of other
        participants.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zfd4cb02695634ee2a51ce342371ba2ca" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">B.</td>
            <td style="vertical-align: top;">
              <div>Need for Relief</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify;">Each Regulated Fund may be deemed to be an affiliated person of each other Regulated Fund within the meaning of Section 2(a)(3) if it is deemed to be under common control because an Adviser is or will be either the
        investment adviser or sub-adviser to each Regulated Fund. Section 17(d) and Section 57(b) apply to any investment adviser to a closed-end fund or a business development company, respectively, including a sub-adviser. Thus, an Adviser and any
        Affiliated Entities that it advises could be deemed to be persons related to Regulated Funds in a manner described by Sections 17(d) and 57(b). The Existing Advisers are each indirect subsidiaries of MassMutual, are under common control, and are
        thus affiliated persons of each other. Accordingly, with respect to the Existing Advisers, and any other Advisers that are deemed to be affiliated persons of each other, Affiliated Entities&#160; advised by any of them could be deemed to be persons
        related to Regulated Funds (or a company controlled by a Regulated Fund) in a manner described by Sections 17(d) and 57(b). In addition, any entities or accounts controlled by or under common control with the Existing Advisers and/or any other
        Advisers that are deemed to be affiliated persons of each other that may, from time to time, hold various financial assets in a principal capacity, could be deemed to be persons related to Regulated Funds (or a company controlled by a Regulated
        Fund) in a manner described by Sections 17(d) and 57(b).&#160; Finally, with respect to any Wholly-Owned Investment Sub, Joint Venture, or BDC Downstream Fund of a Regulated Fund, such entity would be a company controlled by its parent Regulated Fund
        for purposes of Section 57(a)(4) of the 1940 Act and Rule 17d-l under the 1940 Act.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z78d46caece8247479ef0ea802d89d4f2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">C.</td>
            <td style="vertical-align: top; text-align: justify;">
              <div>Conditions</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify;">Applicants agree that any Order granting the requested relief will be subject to the following Conditions.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">1.&#160;&#160;&#160;&#160;&#160;&#160; &#160; <u>Same Terms</u>.&#160; With respect to any Co-Investment Transaction, each Regulated Fund, and Affiliated Entity participating in such transaction will acquire, or dispose of, as the case
        may be, the same class of securities, at the same time, for the same price and with the same conversion, financial reporting and registration rights, and with substantially the same other terms (provided that the settlement date for an Affiliated
        Entity may occur up to ten business days after the settlement date for the Regulated Fund, and vice versa).&#160; If a Participant, but not all of the Regulated Funds, has the right to nominate a director for election to a portfolio company&#8217;s board of
        directors, the right to appoint a board observer or any similar right to participate in the governance or management of a portfolio company, the Board of each Regulated Fund that does not hold this right must be given the opportunity to veto the
        selection of such person.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">15</sup></div>
      <div><br>
      </div>
      <div>
        <hr noshade="noshade" align="left" style="height: 2px; width: 25%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
      <table cellspacing="0" cellpadding="0" id="zce31638165624448a4e73954946889cd" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">15</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Such a Board can also, consistent with applicable fund documents, facilitate this opportunity by delegating the authority to veto the selection of such person to a committee of the Board.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">
        <div style="text-indent: 36pt;">2.&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160;&#160; <u>Existing Investments in the Issuer</u>.&#160; Prior to a Regulated Fund acquiring in a Co&#8209;Investment Transaction a security of an issuer in which an Affiliated Entity has an existing interest in such
          issuer, the &#8220;required majority,&#8221; as defined in Section 57(o) of the 1940 Act,<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">16</sup> of the Regulated Fund (&#8220;<font style="font-weight: bold; font-style: italic;">Required
            Majority</font>&#8221;) will take the steps set forth in Section 57(f) of the 1940 Act,<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">17</sup> unless: (i) the Regulated Fund already holds the same security as each such
          Affiliated Entity; and (ii) the Regulated Fund and each other Affiliated Entity holding the security is participating in the acquisition in approximate proportion to its then-current holdings.</div>
      </div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">3.&#160;&#160;&#160; &#160; &#160;&#160;&#160; <u>Related Expenses</u>.&#160; Any expenses associated with acquiring, holding or disposing of any securities acquired in a Co-Investment Transaction, to the extent not borne by the
        Adviser(s), will be shared among the Participants in proportion to the relative amounts of the securities being acquired, held or disposed of, as the case may be.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">18</sup></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">4.&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160;&#160; <u>No Remuneration</u>.&#160; Any transaction fee<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">19</sup> (including break-up, structuring, monitoring or
        commitment fees but excluding broker&#8217;s fees contemplated by section 17(e) or 57(k) of the 1940 Act, as applicable), received by an Adviser and/or a Participant in connection with a Co-Investment Transaction will be distributed to the Participants
        on a pro rata basis based on the amounts they invested or committed, as the case may be, in such Co-Investment Transaction. If any transaction fee is to be held by an Adviser pending consummation of the transaction, the fee will be deposited into
        an account maintained by the Adviser at a bank or banks having the qualifications prescribed in section 26(a)(1) of the 1940 Act, and the account will earn a competitive rate of interest that will also be divided pro rata among the Participants
        based on the amount they invest in such Co-Investment Transaction.&#160; No Affiliated Entity Regulated Fund, or any of their affiliated persons will accept any compensation, remuneration or financial benefit in connection with a Regulated Fund&#8217;s
        participation in a Co-Investment Transaction, except: (i) to the extent permitted by Section 17(e) or 57(k) of the 1940 Act; (ii) as a result of either being a Participant in the Co&#8209;Investment Transaction or holding an interest in the securities
        issued by one of the Participants; or (iii) in the case of an Adviser, investment advisory compensation paid in accordance with investment advisory agreement(s) with the Regulated Fund(s) or Affiliated Entity(ies).</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">5.&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; &#160; <u>Co-Investment Policies</u>.&#160; Each Adviser (and each Affiliated Entity that is not advised by an Adviser) will adopt and implement policies and procedures reasonably designed to
        ensure that: (i) opportunities to participate in Co-Investment Transactions are allocated in a manner that is fair and equitable to every Regulated Fund; and (ii) the Adviser negotiating the Co&#8209;Investment Transaction considers the interest in the
        Transaction of any participating Regulated Fund (the &#8220;<font style="font-weight: bold; font-style: italic;">Co-Investment Policies</font>&#8221;).&#160; Each Adviser (and each Affiliated Entity that is not advised by an Adviser) will provide its Co-Investment
        Policies to the Regulated Funds and will notify the Regulated Funds of any material changes thereto.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">20</sup></div>
      <div><br>
      </div>
      <div>
        <hr noshade="noshade" align="left" style="height: 2px; width: 25%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
      <table cellspacing="0" cellpadding="0" id="z26d6a8fb8cbc40c19950c7993b3ea18c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">16</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Section 57(o) defines the term &#8220;required majority,&#8221; in relevant part, with respect to the approval of a proposed transaction, as both a majority of a BDC&#8217;s directors who have no financial interest in the transaction and a majority of
                such directors who are not interested persons of the BDC.&#160; In the case of a Regulated Fund that is not a BDC, the Board members that constitute the Required Majority will be determined as if such Regulated Fund were a BDC subject to Section
                57(o) of the 1940 Act.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z58bbd4634cd940798a89a2206bc910e7" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">17</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Section 57(f) provides for the approval by a Required Majority of certain transactions on the basis that, in relevant part: (i) the terms of the transaction, including the consideration to be paid or received, are reasonable and fair to
                the shareholders of the BDC and do not involve overreaching of the BDC or its shareholders on the part of any person concerned; (ii) the proposed transaction is consistent with the interests of the BDC&#8217;s shareholders and the BDC&#8217;s policy as
                recited in filings made by the BDC with the Commission and the BDC&#8217;s reports to shareholders; and (iii) the BDC&#8217;s directors record in their minutes and preserve in their records a description of the transaction, their findings, the
                information or materials upon which their findings were based, and the basis for their findings.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z3250d4c0630649f2a35152841f18b232" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">18</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Expenses of an individual Participant that are incurred solely by the Participant due to its unique circumstances (such as legal and compliance expenses) will be borne by such Participant.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zdec3d832ad8141708a3d5667e9d9aa06" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">19</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Applicants are not requesting and the Commission is not providing any relief for transaction fees received in connection with any Co-Investment Transaction.</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">20</sup></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>The Affiliated Entities may adopt shared Co-Investment Policies.</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <u>Dispositions</u>:</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; Prior to any Disposition<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">21</sup> by an Affiliated Entity of a security acquired in a Co-Investment
        Transaction, the Adviser to each Regulated Fund that participated in the Co-Investment Transaction will be notified and each such Regulated Fund given the opportunity to participate pro rata based on the proportion of its holdings relative to the
        other Affiliated Entities participating in such Disposition.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Prior to any Disposition by a Regulated Fund of a security acquired in a Co-Investment Transaction, the Required Majority will take the steps set forth in Section 57(f) of the 1940
        Act, unless: (i) each Affiliated Entity holding the security participates in the Disposition in approximate proportion to its then-current holding of the security; or (ii) the Disposition is a sale of a Tradable Security.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">22</sup></div>
      <div><br>
      </div>
      <div>
        <div style="text-indent: 36pt;">7.&#160;&#160;&#160;&#160;&#160; &#160; &#160; &#160;&#160; <u>Board Oversight</u></div>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z6f5db7cce2bc4b8ebb4c228b24b9fb65" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 61.5pt; vertical-align: top;">(a)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Each Regulated Fund&#8217;s directors will oversee the Regulated Fund&#8217;s participation in the co-investment program in the exercise of their reasonable business judgment.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z8ba42a0d2c1a414a9a45059f31361ddc" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 61.5pt; vertical-align: top;">(b)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Prior to a Regulated Fund&#8217;s participation in Co-Investment Transactions, the Regulated Fund&#8217;s Board, including a Required Majority, will: (i) review the Co-Investment Policies, to ensure that they are reasonably designed to prevent the
                Regulated Fund from being disadvantaged by participation in the co-investment program; and (ii) approve policies and procedures of the Regulated Fund that are reasonably designed to ensure compliance with the terms of the Order.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z40a88f97161a4398bc3c9129e53a21ae" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 61.5pt; vertical-align: top;">(c)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>At least quarterly, each Regulated Fund&#8217;s Adviser and chief compliance officer (as defined in Rule 38a-1(a)(4)) will provide the Regulated Fund Boards with reports or other information requested by the Board related to a Regulated Fund&#8217;s
                participation in Co-Investment Transactions and a summary of matters, if any, deemed significant that may have arisen during the period related to the implementation of the Co-Investment Policies and the Regulated Fund&#8217;s policies and
                procedures approved pursuant to (b) above.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="za13ed75765834165a567a9e36a3dd841" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 61.5pt; vertical-align: top;">(d)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Every year, each Regulated Fund&#8217;s Adviser and chief compliance officer will provide the Regulated Fund&#8217;s Board with reports or other information requested by the Board related to the Regulated Fund&#8217;s participation in the co-investment
                program and any material changes in the Affiliated Entities&#8217; participation in the co-investment program, including changes to the Affiliated Entities&#8217; Co-Investment Policies.</div>
            </td>
          </tr>

      </table>
      <br>
      <hr noshade="noshade" align="left" style="height: 2px; width: 25%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;">
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z2f603881ce4c46b1932863d7651ffaca" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">21</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>&#8220;<font style="font-weight: bold; font-style: italic;">Disposition</font>&#8221; means the sale, exchange, transfer or other disposition of an interest in a security of an issuer.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zc2ee5e2952f54eea8624909615d4743e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">22</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>&#8220;<font style="font-weight: bold; font-style: italic;">Tradable Security</font>&#8221; means a security which trades: (i) on a national securities exchange (or designated offshore securities market as defined in Rule 902(b) under the Securities
                Act of 1933, as amended) and (ii) with sufficient volume and liquidity (findings which are to be made in good faith and documented by the Advisers to any Regulated Funds) to allow each Regulated Fund to dispose of its entire remaining
                position within 30 days at approximately the price at which the Regulated Fund has valued the investment.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" id="z649b7b8fde684ee393d355835b726772" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 61.5pt; vertical-align: top;">(e)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Adviser and the chief compliance officer will also notify the Regulated Fund&#8217;s Board of a compliance matter related to the Regulated Fund&#8217;s participation in the co-investment program and related Co-Investment Policies or the
                Regulated Fund&#8217;s policies and procedures approved pursuant to (b) above that a Regulated Fund&#8217;s chief compliance officer considers to be material.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160; <u>Recordkeeping</u>.&#160; All information presented to the Board pursuant to the order will be kept for the life of the Regulated Fund and at least two years thereafter, and will be
        subject to examination by the Commission and its Staff.&#160; Each Regulated Fund will maintain the records required by Section 57(f)(3) as if it were a business development company and each of the Co-Investment Transactions were approved by the
        Required Majority under Section 57(f).<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">23</sup></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">9.&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160; &#160; In the event that the Commission adopts a rule under the 1940 Act allowing Co-Investments of the type described in this Application, any relief granted by the Order will expire on the
        effective date of that rule.</div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-weight: bold;">IV.</font>&#160;&#160;&#160;&#160;&#160; &#160; &#160; <font style="font-weight: bold;">STATEMENT IN SUPPORT OF RELIEF REQUESTED</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">Applicants submit that allowing the Co-Investment Transactions described by this Application is justified on the basis of (i) the potential benefits to the Regulated Funds and their respective shareholders and (ii)
        the protections found in the terms and conditions set forth in this Application.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zc15fb721dcfa4be9b5030384f56c4a65" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">A.</td>
            <td style="vertical-align: top; text-align: justify;">
              <div>Potential Benefits to the Regulated Funds and their Shareholders</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000;">Section 57(a)(4) and Rule 17d-1 (as applicable) limit the ability of the Regulated Funds to participate in attractive co-investment opportunities under certain circumstances. If the relief is granted,
        the Regulated Funds should: (i) be able to participate in a larger number and greater variety of investments, thereby diversifying their portfolios and providing related risk-limiting benefits; (ii) be able to participate in larger financing
        opportunities, including those involving issuers with better credit quality, which otherwise might not be available to investors of a Regulated Fund&#8217;s size; (iii) have greater bargaining power (notably with regard to creditor protection terms and
        other similar investor rights), more control over the investment and less need to bring in other external investors or structure investments to satisfy the different needs of external investors; (iv) benefit from economies of scale by sharing fixed
        expenses associated with an investment with the other Participants; and (v) be able to obtain better deal flow from investment bankers and other sources of investments.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z4880691313264dbb9ea0c090eb46c18c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">B.</td>
            <td style="vertical-align: top;">
              <div>Shareholder Protections</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify;">Each Co-Investment Transaction would be subject to the terms and conditions of this Application.&#160; The Conditions are designed to address the concerns underlying Sections 17(d) and 57(a)(4) and Rule 17d-l by ensuring
        that participation by a Regulated Fund in any Co-Investment Transaction would not be on a basis different from or less advantageous than that of other Participants.&#160; Under Condition 5, each Adviser (and each Affiliated Entity that is not advised by
        an Adviser) will adopt and implement Co-Investment Policies that are reasonably designed to ensure that (i) opportunities to participate in Co-Investment Transactions are allocated in a manner that is fair and equitable to every Regulated Fund; and
        (ii) the Adviser negotiating the Co Investment Transaction considers the interest in the Transaction of any participating Regulated Fund. The Co-Investment Policies will require an Adviser to make an independent determination of the appropriateness
        of a Co-Investment Transaction and the proposed allocation size based on each Participant&#8217;s specific investment profile and other relevant characteristics.</div>
      <div>&#160;</div>
      <hr noshade="noshade" align="left" style="height: 2px; width: 25%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;">
      <table cellspacing="0" cellpadding="0" id="z578badbe357243aea3e34236b5a01a98" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">23</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>If a Regulated Fund enters into a transaction that would be a Co-Investment Transaction pursuant to this Order in reliance on another exemptive order instead of this Order, the information presented to the Board and records maintained by
                the Regulated Fund will expressly indicate the order relied upon by the Regulated Fund to enter into such transaction.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div><font style="font-weight: bold;">V.</font>&#160;&#160;&#160;&#160; &#160;&#160; &#160; &#160; <font style="font-weight: bold;">PRECEDENTS</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">The Commission has previously issued orders permitting certain investment companies subject to regulation under the 1940 Act and their affiliated persons to be able to participate in Co-Investment Transactions (the &#8220;<font style="font-weight: bold; font-style: italic;">Existing</font>&#160;<font style="font-weight: bold; font-style: italic;">Orders</font>&#8221;).<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">24</sup> Similar to the Existing
        Orders, the Conditions described herein are designed to mitigate the possibility for overreaching and to promote fair and equitable treatment of the Regulated Funds. Accordingly, the Applicants submit that the scope of investor protections
        contemplated by the Conditions are consistent with those found in the Existing Orders.</div>
      <div>&#160;</div>
      <div><font style="font-weight: bold;">VI.</font>&#160;&#160; &#160;&#160; &#160;&#160;&#160; <font style="font-weight: bold;">PROCEDURAL MATTERS</font></div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zaf3889f6a22542d8b09da600dba2ce49" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">A.</td>
            <td style="vertical-align: top;">
              <div>Communications</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify;">Please address all communications concerning this Application, the Notice and the Order to:</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">Jill Dinerman</div>
      <div style="text-align: center; font-weight: bold;">Chief Legal Officer</div>
      <div style="text-align: center; font-weight: bold;">Barings LLC</div>
      <div style="text-align: center; font-weight: bold;">300 S. Tryon Street, Suite 2500</div>
      <div style="text-align: center; font-weight: bold;">Charlotte, NC 28202</div>
      <div style="text-align: center; font-weight: bold;">(704) 805-7200</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Please address any questions, and a copy of any communications, concerning this Application, the Notice, and the Order to:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z9c72cb0bab68413589e0bb1a572203c7" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 33%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Richard Horowitz, Esq.</div>
              <div style="text-align: center; font-weight: bold;">Dechert LLP</div>
              <div style="text-align: center; font-weight: bold;">1095 Avenue of the Americas</div>
              <div style="text-align: center; font-weight: bold;">New York, NY 10036</div>
              <div style="text-align: center; font-weight: bold;">(212) 698-3500</div>
              <div style="font-weight: bold; text-align: center;">richard.horowitz@dechert.com</div>
            </td>
            <td style="width: 34%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Harry S. Pangas, Esq.</div>
              <div style="text-align: center; font-weight: bold;">Dechert LLP</div>
              <div style="text-align: center; font-weight: bold;">1900 K Street, N.W.</div>
              <div style="text-align: center; font-weight: bold;">Washington, D.C. 20006</div>
              <div style="text-align: center; font-weight: bold;">(202) 261-3466</div>
              <div style="text-align: center; font-weight: bold;">Harry.Pangas@dechert.com</div>
            </td>
            <td style="width: 33.03%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Clay Douglas, Esq.</div>
              <div style="text-align: center; font-weight: bold;">Dechert LLP</div>
              <div style="text-align: center; font-weight: bold;">1900 K Street, NW</div>
              <div style="text-align: center; font-weight: bold;">Washington, DC 20006</div>
              <div style="text-align: center; font-weight: bold;">(202) 261-3326</div>
              <div style="text-align: center; font-weight: bold;">Clay.Douglas@dechert.com</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <hr noshade="noshade" align="left" style="height: 2px; width: 25%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;">
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          <tr>
            <td style="width: 18pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">24</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-style: italic;">See, e.g</font>., Polen Credit Opportunities Fund, <font style="font-style: italic;">et al</font>. (File No. 812-15457) Release No. IC-35183 (May 2, 2024) (notice), Release No. IC-35206 (May 28, 2024)
                (Order); Sound Point Meridian Capital, Inc., <font style="font-style: italic;">et al</font>. (File No. 812-15476-01) Release No. IC-35173 (April 19, 2024) (notice), Release No. IC-35192 (May 15, 2024) (order); Brookfield Infrastructure
                Income Fund Inc., <font style="font-style: italic;">et al</font>. (File No. 812-15415), Release No. IC-35001 (September 20, 2022) (notice), Release No. IC-35032 (October 17, 2023) (order); T. Rowe Price OHA Select Private Credit Fund, <font style="font-style: italic;">et al.</font> (File No. 812-15461), Release No. IC-34963 (July 24, 2023) (notice), Release No. IC-34987 (August 21, 2023) (order); KKR Real Estate Select Trust Inc., <font style="font-style: italic;">et al.</font>
                (File No. 812-15181), Release No. IC-34962 (July 18, 2023) (notice), Release No. IC-34985 (August 15, 2023) (order); MBC Total Private Markets Access Fund, <font style="font-style: italic;">et al.</font> (File No. 812-15422), Release No.
                IC-34953 (June 28, 2023) (notice), Release No. IC-34965 (July 25, 2023) (order); Vista Credit Strategic Lending Corp. <font style="font-style: italic;">et al.</font> (File No. 812-15323), Release No. IC-34946 (June 20, 2023) (notice),
                Release No. IC-34961 (July 18, 2023) (order).</div>
            </td>
          </tr>

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      <div> <br>
      </div>
    </div>
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            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">B.</td>
            <td style="vertical-align: top;">
              <div>Authorizations</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify;">The filing of this Application for the Order sought hereby and the taking of all acts reasonably necessary to obtain the relief requested herein was authorized by the Board of each Existing Regulated Fund pursuant to
        resolutions duly adopted by the Board.&#160; Copies of the resolutions are provided below.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">Pursuant to Rule 0-2(c), Applicants hereby state that each Existing Regulated Fund and Existing Affiliated Fund have authorized to cause to be prepared and to execute and file with the Commission this Application and
        any amendment thereto for an order pursuant to Sections 17(d) and 57(i) and Rule 17d-1 permitting certain joint transactions otherwise prohibited by Sections 17(d) and 57(a)(4) and Rule 17d-1. The person executing the Application on behalf of the
        Applicants being duly sworn deposes and says that he has duly executed the Application for and on behalf of the applicable entity listed; that he is authorized to execute the Application pursuant to the terms of an operating agreement, management
        agreement or otherwise; and that all actions by members, directors or other bodies necessary to authorize each such deponent to execute and file the Application have been taken.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">The Applicants have caused this Application to be duly signed on their behalf on the 15<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of May, 2025.</div>
      <div>&#160;</div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS CORPORATE INVESTORS</div>
              <div style="text-align: justify; font-weight: bold;">CI SUBSIDIARY TRUST</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS PARTICIPATION INVESTORS</div>
              <div style="text-align: justify; font-weight: bold;">PI SUBSIDIARY TRUST</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">ENERGY HARDWARE HOLDINGS, INC.</div>
              <div style="text-align: justify; font-weight: bold;">BARINGS BDC, INC.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS PRIVATE CREDIT CORPORATION</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS CAPITAL INVESTMENT CORPORATION</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BCIC HOLDINGS, INC.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BPC FUNDING LLC</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BPCC HOLDINGS, INC.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">SIC INVESTMENT HOLDINGS LLC</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL SHORT DURATION HIGH YIELD FUND</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;">By:</div>
            </td>
            <td style="width: 44.4%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: justify;">/s/ Ashlee Steinnerd</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;">Name:</div>
            </td>
            <td style="width: 44.4%; vertical-align: top;">
              <div style="text-align: justify;">Ashlee Steinnerd</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;">Title:</div>
            </td>
            <td style="width: 44.4%; vertical-align: top;">
              <div style="text-align: justify;">Chief Legal Officer</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z2b3def99d11f4c12a38f24c9a9bfd2d7">

          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS LLC</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 44.4%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;">By:</div>
            </td>
            <td style="width: 44.4%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;">/s/ Jill Dinerman</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;">Name:</div>
            </td>
            <td style="width: 44.4%; vertical-align: top;">
              <div style="text-align: justify;">Jill Dinerman</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;">Title:</div>
            </td>
            <td style="width: 44.4%; vertical-align: top;">
              <div style="text-align: justify;">Chief Legal Officer</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">C.M. LIFE INSURANCE COMPANY</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">TOWER SQUARE CAPITAL PARTNERS IV, L.P.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">TOWER SQUARE CAPITAL PARTNERS IV-A, L.P.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS EUROPEAN LOAN LIMITED</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS GLOBAL HIGH YIELD CREDIT STRATEGIES LIMITED</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS DIRECT LENDING 2018 LP</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS GLOBAL INVESTMENT FUNDS PLC - GLOBAL PRIVATE LOAN STRATEGY FUND 1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS SS4 (LUX) LLC</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS &#8211; MM REVOLVER FUND LP</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">MASSMUTUAL ASCEND LIFE INSURANCE COMPANY</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">MASSMUTUAL TRAD PRIVATE EQUITY LLC</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS GLOBAL MULTI-CREDIT STRATEGY 3 LIMITED</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS GLOBAL MULTI-CREDIT STRATEGY 4 LIMITED</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS NORTH AMERICAN PRIVATE LOAN FUND II (CAYMAN)-A, LP</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS NORTH AMERICAN PRIVATE LOAN FUND II (CAYMAN), L.P.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS NORTH AMERICAN PRIVATE LOAN FUND II (UNLEVERED), L.P.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">NAPLF (CAYMAN)-A SENIOR FUNDING II LLC</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">NAPLF (CAYMAN) SENIOR FUNDING II LLC</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">OTPP - BNAPLF II LP</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">OTPP - BNAPLF II FUNDING LP</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS GLOBAL SPECIAL SITUATIONS CREDIT FUND 4 (DELAWARE), L.P.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS EUROPEAN LOAN STRATEGY 1 LIMITED</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS MIDDLE MARKET LOAN PARTNERS 1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS MIDDLE MARKET LOAN PARTNERS 2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS GLOBAL SPECIAL SITUATIONS CREDIT 4 (DE) S.&#192; R.L.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">By: Barings LLC as Investment Adviser / Investment Manager</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 6%; vertical-align: top; padding-bottom: 2px;">
              <div>By:</div>
            </td>
            <td style="width: 44.4%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>/s/ Jill Dinerman</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div>Name:</div>
            </td>
            <td style="width: 44.4%; vertical-align: top;">
              <div>Jill Dinerman</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div>Title:</div>
            </td>
            <td style="width: 44.4%; vertical-align: top;">
              <div>Chief Legal Officer</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL CREDIT FUND (LUX) &#8211; SEGREGATED LOAN ACCOUNT 5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS SEGREGATED LOANS 5 S.&#192; R.L.</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BAYVK R PRIVATE DEBT SCS, SICAV-FIS</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BAYVK R PD 1 LOAN S.&#192; R.L.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BCF EUROPE FUNDING LIMITED</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL CREDIT FUND (LUX) &#8211; BARINGS EUROPEAN PRIVATE LOAN FUND III</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL CREDIT FUND (LUX) &#8211; BARINGS EUROPEAN PRIVATE LOAN FUND III (A)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL CREDIT FUND (LUX) &#8211; BARINGS GLOBAL PRIVATE LOAN FUND 2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL PRIVATE LOANS 2 S.&#192; R.L.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL CREDIT FUND (LUX) &#8211; BARINGS GLOBAL PRIVATE LOAN FUND 3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL PRIVATE LOANS 3 S.&#192; R.L.</div>
            </td>
          </tr>
          <tr>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <tr>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <tr>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <div style="font-weight: bold;">BARINGS GLOBAL INVESTMENT FUNDS PLC - GLOBAL MULTI-CREDIT STRATEGY FUND 3</div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-weight: bold;">BARINGS CAPITAL SOLUTIONS PERPETUAL (LUX) HOLDCO 1 S.&#192; R.L.</div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <div style="font-weight: bold;">BARINGS CAPITAL SOLUTIONS PERPETUAL (LUX) COINV SERIES LLC</div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <div style="font-weight: bold;">BARINGS TARGET YIELD INFRASTRUCTURE DEBT FUND</div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <div style="font-weight: bold;">BARINGS TARGET YIELD INFRASTRUCTURE DEBT HOLDCO 1 S.&#192; R.L.</div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 44.4%; vertical-align: top;">&#160;</td>
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            <td style="width: 44.4%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
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            <td style="width: 44.4%; vertical-align: top;">
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          <tr>
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            <td style="width: 44.4%; vertical-align: top;">
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">&#160;</td>
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            <td style="width: 44.4%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>/s/ Jill Dinerman</div>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div>Name:</div>
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            <td style="width: 44.4%; vertical-align: top;">
              <div>Jill Dinerman</div>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
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            <td style="width: 44.4%; vertical-align: top;">
              <div>Chief Legal Officer</div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 44.4%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 44.4%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 44.4%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 44.4%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;">By:</div>
            </td>
            <td style="width: 44.4%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;">/s/ Elizabeth Murray</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;">Name:</div>
            </td>
            <td style="width: 44.4%; vertical-align: top;">
              <div style="text-align: justify;">Elizabeth Murray</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;">Title:</div>
            </td>
            <td style="width: 44.4%; vertical-align: top;">
              <div style="text-align: justify;">Director</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;"><u>SCHEDULE A</u></div>
      <div><br>
      </div>
      <div style="color: #000000; font-weight: bold;">Existing Wholly Owned Subs and Joint Ventures</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc66324712ebe40318d94a3b44a85a7aa">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: #000000;">CI Subsidiary Trust, a Wholly-Owned Investment Sub of MCI</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze69b242e7e194bb79edf699022aeb6a3">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: #000000;">PI Subsidiary Trust, a Wholly-Owned Investment Sub of MPV</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za032c2c79f0f45e099efe940e3d33bc1">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: #000000;">Energy Hardware Holdings, Inc., a Wholly-Owned Investment Sub of BBDC</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc0f62a6b88c54f88bdf661d5f1a7d887">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: #000000;">SIC Investment Holdings LLC, a Wholly-Owned Investment Sub of BBDC</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb7675a416d0c4901a1ea8e36253e61a9">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: #000000;">BPC Funding LLC, a Wholly-Owned Investment Sub of BPCC</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z37d208b3373041a482c0e9ee352f179d">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: #000000;">BPCC Holdings, Inc., a Wholly-Owned Investment Sub of BPCC</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z89413f2d13074f879455e87b6cc4bb6b">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: #000000;">BCIC Holdings, Inc., a Wholly-Owned Investment Sub of BCIC</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1d24683b85214bf3a9b57da167b9715d">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: #000000;">Jocassee Partners LLC, a Joint Venture of BBDC</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd2f9becbdcfe45fc9de251ec1f1c8fc1">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: #000000;">Banff Partners LP, a Joint Venture of BCIC</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd6182a8cb0464be5b05cafb2bd97d818">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: #000000;">Sierra Senior Loan Strategy JV I LLC, a Joint Venture of BBDC</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;"><u>SCHEDULE B</u></div>
      <div><br>
      </div>
      <div style="color: #000000; font-weight: bold;">Existing Affiliated Funds</div>
      <div><br>
      </div>
      <div style="color: #000000;">Tower Square Capital Partners IV, L.P.</div>
      <div style="color: #000000;">Tower Square Capital Partners IV-A, L.P.</div>
      <div style="color: #000000;">Barings Global Credit Fund (LUX) &#8211; Segregated Loan Account 5</div>
      <div style="color: #000000;">Barings Segregated Loans 5 S.&#192; R.L.</div>
      <div style="color: #000000;">BAYVK R Private Debt SCS, SICAV-FIS</div>
      <div style="color: #000000;">BAYVK R PD 1 Loan S.&#192; R.L.</div>
      <div style="color: #000000;">Barings European Loan Limited</div>
      <div style="color: #000000;">Barings Global High Yield Credit Strategies Limited</div>
      <div style="color: #000000;">Barings Direct Lending 2018 LP</div>
      <div style="color: #000000;">Barings European Direct Lending 1 L.P.</div>
      <div style="color: #000000;">Barings European Direct Lending 1 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Global Credit Fund (LUX) &#8211; Barings European Private Loan Fund II</div>
      <div style="color: #000000;">Barings European Private Loans 2 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Global Credit Fund (LUX) &#8211; Barings European Private Loan Fund III</div>
      <div style="color: #000000;">Barings European Private Loans 3 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Global Credit Fund (LUX) &#8211; Barings European Private Loan Fund III (A)</div>
      <div style="color: #000000;">Barings European Private Loans 3A S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Global Credit Fund (LUX) &#8211; Barings Global Private Loan Fund 2</div>
      <div style="color: #000000;">Barings Global Private Loans 2 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Global Credit Fund (LUX) &#8211; Barings Global Private Loan Fund 3</div>
      <div style="color: #000000;">Barings Global Private Loans 3 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Global Private Loan Fund 4 SCSp</div>
      <div style="color: #000000;">Barings Global Private Loans 4 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Global Private Loan Fund 4(S) SCSp</div>
      <div style="color: #000000;">Barings Global Private Loans 4(S) S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Segregated Loans 3 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Global Credit Fund (LUX) &#8211; Segregated Loan Account 1</div>
      <div style="color: #000000;">Barings Segregated Loans 1 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Global Credit Fund (LUX) &#8211; Segregated Loan Account 2</div>
      <div style="color: #000000;">Barings Segregated Loans 2 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Global Investment Funds plc &#8211; Global Private Loan Strategy Fund 1</div>
      <div style="color: #000000;">Barings Global Private Loan Strategy 1 Limited</div>
      <div style="color: #000000;">Barings Global Credit Fund (LUX) &#8211; Segregated Loan Account 4</div>
      <div style="color: #000000;">Barings Global Credit Fund (LUX) &#8211; Segregated Loan Account 6</div>
      <div style="color: #000000;">Barings Segregated Loans 6 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings SLA 6 LLC</div>
      <div style="color: #000000;">Barings SS4 (LUX) LLC</div>
      <div style="color: #000000;">Barings Umbrella Fund (LUX) &#8211; Barings Global Special Situations Credit Fund 4 (LUX) Fund</div>
      <div style="color: #000000;">Barings Global Special Situations Credit 4 (LUX) S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Global Credit Fund (LUX) &#8211; Barings Global Special Situations Credit Fund 3</div>
      <div style="color: #000000;">Barings Global Special Situations Credit 3 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings &#8211; MM Revolver Fund LP</div>
      <div style="color: #000000;">Barings Small Business Fund, L.P.</div>
      <div style="color: #000000;">Barings Middle Market CLO Ltd. 2017-I</div>
      <div style="color: #000000;">Barings Middle Market CLO Ltd. 2021-I</div>
      <div style="color: #000000;">Barings Global Investment Funds plc &#8211; Global Multi-Credit Strategy Fund 1</div>
      <div style="color: #000000;">Barings Global Multi-Credit Strategy 1 Limited</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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      </div>
      <div style="color: #000000;">Barings Global Investment Funds plc &#8211; Global Multi-Credit Strategy Fund 3</div>
      <div style="color: #000000;">Barings Global Multi-Credit Strategy 3 Limited</div>
      <div style="color: #000000;">Barings Global Investment Funds plc &#8211; Global Multi-Credit Strategy Fund 4</div>
      <div style="color: #000000;">Barings Global Multi-Credit Strategy 4 Limited</div>
      <div style="color: #000000;">BME SCSP</div>
      <div style="color: #000000;">BME Investment S.&#192; R.L.</div>
      <div style="color: #000000;">Barings North American Private Loan Fund II (Cayman)-A, LP</div>
      <div style="color: #000000;">Barings North American Private Loan Fund II (Cayman), L.P.</div>
      <div style="color: #000000;">Barings North American Private Loan Fund II (Unlevered), L.P.</div>
      <div style="color: #000000;">NAPLF (Cayman)-A Senior Funding II LLC</div>
      <div style="color: #000000;">NAPLF (Cayman) Senior Funding II LLC</div>
      <div style="color: #000000;">OTPP &#8211; BNAPLF II LP</div>
      <div style="color: #000000;">OTPP - BNAPLF II Funding LP</div>
      <div style="color: #000000;">Barings Global Special Situations Credit Fund 4 (Delaware) L.P.</div>
      <div style="color: #000000;">Barings European Loan Strategy 1 Limited</div>
      <div style="color: #000000;">Barings North American Private Loan Fund III (LUX) S.C.Sp</div>
      <div style="color: #000000;">Barings Middle Market CLO 2023-I Ltd.</div>
      <div style="color: #000000;">Barings Middle Market CLO 2023-II Ltd.</div>
      <div style="color: #000000;">Barings Middle Market CLO Ltd. 2025-I</div>
      <div style="color: #000000;">Barings Middle Market Loan Partners 1</div>
      <div style="color: #000000;">Barings Middle Market Loan Partners 2</div>
      <div style="color: #000000;">Barings Specialty Private Debt Fund 1</div>
      <div style="color: #000000;">Barings Specialty Private Debt HoldCo 1 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Umbrella Fund (LUX) - Segregated Direct Lending Fund 1</div>
      <div style="color: #000000;">Barings Umbrella Fund (LUX) - Segregated Direct Lending Fund 2</div>
      <div style="color: #000000;">Barings Umbrella Fund (LUX) - Segregated Direct Lending Fund 3</div>
      <div style="color: #000000;">Barings Umbrella Fund (LUX) - Segregated Direct Lending Fund 4</div>
      <div style="color: #000000;">Barings Segregated Direct Lending HoldCo 1 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Segregated Direct Lending HoldCo 2 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Segregated Direct Lending HoldCo 3 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Segregated Direct Lending HoldCo 4 S.&#192; R.L.</div>
      <div style="color: #000000;">Distinct Direct Lending Fund 1 SCSp</div>
      <div style="color: #000000;">Barings Distinct Direct Lending Holdco 1 Limited</div>
      <div style="color: #000000;">Barings Global Diversified Private Credit Fund 1 SCSp</div>
      <div style="color: #000000;">Barings Global Diversified Private Credit HoldCo 1 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Developed Europe Private Loan Fund 1 SCSp</div>
      <div style="color: #000000;">Barings Global Special Situations Credit Fund 2 LP</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual Fund (DE), L.P.</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual Fund (DE) Coinvest, L.P.</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual (DE) HoldCo 1 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual (DE) Series LLC</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual (DE) Coinv Holdco 1 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual (DE) Coinv Series LLC</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual Fund (LUX)</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual (LUX) HoldCo 1 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual (LUX) Series LLC</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual (LUX) Coinv Holdco 1 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual (LUX) Coinv Series LLC</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual Fund (CA), L.P.</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual Fund (CA) Coinvest, L.P.</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual (CA) HoldCo 1 S.&#192; R.L.</div>
      <div><br>
      </div>
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      </div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual (CA) Series LLC</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual (CA) Coinv Holdco 1 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Capital Solutions Perpetual (CA) Coinv Series LLC</div>
      <div style="color: #000000;">Barings Target Yield Infrastructure Debt Fund</div>
      <div style="color: #000000;">Barings Target Yield Infrastructure Debt Holdco 1 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Target Yield Infrastructure Debt Holdco 2 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Target Yield Infrastructure Debt Fund 2</div>
      <div style="color: #000000;">Barings European Private Loan Fund 4</div>
      <div style="color: #000000;">Barings European Private Loan Fund 4(A)</div>
      <div style="color: #000000;">Barings European Private Loan HoldCo 4 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings European Private Loan HoldCo 4A S.&#192; R.L.</div>
      <div style="color: #000000;">Barings Perpetual European Direct Lending Fund</div>
      <div style="color: #000000;">Barings Perpetual European Direct Lending HoldCo 1 S.&#192; R.L.</div>
      <div style="color: #000000;">Barings NAPLF3 (LUX) LLC</div>
      <div style="color: #000000;">Barings Global Special Situations Credit Fund 4 (DE) S.&#192; R.L.</div>
      <div><br>
      </div>
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      </div>
      <div style="text-align: center; margin-right: 3.6pt; color: #000000; font-weight: bold;"><u>VERIFICATION</u></div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;">The undersigned states that he or she has duly executed the foregoing Application, dated May 15, 2025, for and on behalf of Barings Corporate Investors, Barings Global Short Duration High Yield Fund,
        Barings Dynamic Credit Income Fund, CI Subsidiary Trust, Barings Participation Investors, PI Subsidiary Trust, Barings LLC, Massachusetts Mutual Life Insurance Company, C.M. Life Insurance Company, Barings Finance LLC, Tower Square Capital Partners
        IV, L.P., Tower Square Capital Partners IV-A, L.P., Barings BDC, Inc., Energy Hardware Holdings, Inc., SIC Investment Holdings LLC, Barings Private Credit Corporation, Barings Capital Investment Corporation, BCIC Holdings, Inc., Barings Global
        Credit Fund (LUX) &#8211; Segregated Loan Account 5, Barings Segregated Loans 5 S.&#192; R.L., BAYVK R Private Debt SCS, SICAV-Fis, BAYVK R PD 1 Loan S.&#192; R.L., Barings European Loan Limited, BCF Europe Funding Limited, BCF Senior Funding I Designated Activity
        Company, BCF Senior Funding I LLC, Barings Global High Yield Credit Strategies Limited, Barings Direct Lending 2018 LP, Barings European Direct Lending 1 L.P., Barings European Direct Lending 1 S.&#192; R.L., Barings Global Credit Fund (LUX) &#8211; Barings
        European Private Loan Fund II, Barings European Private Loans 2 S.&#192; R.L., Barings Global Credit Fund (LUX) &#8211; Barings European Private Loan Fund III, Barings European Private Loans 3 S.&#192; R.L., Barings Global Credit Fund (LUX) &#8211; Barings European
        Private Loan Fund III (A), Barings European Private Loans 3A S.&#192; R.L., Barings Global Credit Fund (LUX) &#8211; Barings Global Private Loan Fund 2, Barings Global Private Loans 2 S.&#192; R.L., Barings Global Credit Fund (LUX) &#8211; Barings Global Private Loan
        Fund 3, Barings Global Private Loans 3 S.&#192; R.L., Barings Global Private Loan Fund 4 SCSp, Barings Global Private Loans 4 S.&#192; R.L., Barings Global Private Loan Fund 4(S) SCSp, Barings Global Private Loans 4(S) S.&#192; R.L., Barings Segregated Loans 3
        S.&#192; R.L., Barings Global Credit Fund (LUX) &#8211; Segregated Loan Account 1, Barings Segregated Loans 1 S.&#192; R.L., Barings Global Credit Fund (LUX) &#8211; Segregated Loan Account 2, Barings Segregated Loans 2 S.&#192; R.L., Barings Global Investment Funds Plc &#8211;
        Global Private Loan Strategy Fund 1, Barings Global Private Loan Strategy 1 Limited, Barings Global Credit Fund (LUX) &#8211; Segregated Loan Account 4, Barings Global Credit Fund (LUX) &#8211; Segregated Loan Account 6, Barings Segregated Loans 6 S.&#192; R.L.,
        Barings SLA 6 LLC, Barings SS4 (LUX) LLC, Barings Umbrella Fund (LUX) &#8211; Barings Global Special Situations Credit Fund 4 (LUX) Fund, Barings Global Special Situations Credit 4 (LUX) S.&#192; R.L., Barings Global Credit Fund (LUX) &#8211; Barings Global Special
        Situations Credit Fund 3, Barings Global Special Situations Credit 3 S.&#192; R.L., Barings - MM Revolver Fund LP, Barings Small Business Fund, L.P., Barings Middle Market CLO Ltd. 2017-I, Barings Middle Market CLO Ltd. 2021-I, MassMutual Ascend Life
        Insurance Company, MassMutual Trad Private Equity LLC, Barings Global Investment Funds Plc &#8211; Global Multi-Credit Strategy Fund 1, Barings Global Multi-Credit Strategy 1 Limited, Barings Global Investment Funds Plc &#8211; Global Multi-Credit Strategy
        Fund 3, Barings Global Multi-Credit Strategy 3 Limited, Barings Global Investment Funds Plc &#8211; Global Multi-Credit Strategy Fund 4, Barings Global Multi-Credit Strategy 4 Limited, BME SCSp, BME Investment S.&#192; R.L., Barings North American Private
        Loan Fund II (Cayman)-A, LP, Barings North American Private Loan Fund II (Cayman), L.P., Barings North American Private Loan Fund II (Unlevered), L.P., NAPLF (Cayman)-A Senior Funding II LLC, NAPLF (Cayman) Senior Funding II LLC, OTPP - BNAPLF II
        LP, OTPP - BNAPLF II Funding LP, Barings Global Special Situations Credit Fund 4 (Delaware) L.P., Barings European Loan Strategy 1 Limited, BPC Funding LLC, BPCC Holdings, Inc., Jocassee Partners LLC, Sierra Senior Loan Strategy JV I LLC, Banff
        Partners LP, Barings North American Private Loan Fund III (LUX) S.C.SP, Barings Middle Market CLO 2023-I Ltd., Barings Middle Market CLO 2023-II Ltd., Barings Middle Market CLO Ltd. 2025-I, Barings Middle Market Loan Partners 1, Barings Middle
        Market Loan Partners 2, Barings Specialty Private Debt Holdco 1 S.&#192; R.L., Barings Specialty Private Debt Fund 1, Barings Segregated Direct Lending Holdco 1 S.&#192; R.L., Barings Segregated Direct Lending Holdco 2 S.&#192; R.L., Barings Segregated Direct
        Lending Holdco 3 S.&#192; R.L., Barings Segregated Direct Lending Holdco 4 S.&#192; R.L., Barings Umbrella Fund (LUX) - Segregated Direct Lending Fund 1, Barings Umbrella Fund (LUX) - Segregated Direct Lending Fund 2, Barings Umbrella Fund (LUX) - Segregated
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        R.L., as the case may be, that he or she holds the office with such entity as indicated below and that all action by the trustees, directors, stockholders, general partners, or members of each entity, as applicable, necessary to authorize the
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">&#160;</td>
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              <div>/s/ Ashlee Steinnerd</div>
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              <div>Chief Legal Officer</div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 44.4%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 44.4%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
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          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 44.4%; vertical-align: top;">
              <div style="text-align: justify;">Jill Dinerman</div>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
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            <td style="width: 44.4%; vertical-align: top;">
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">C.M. LIFE INSURANCE COMPANY</div>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <div style="text-align: justify; font-weight: bold;">TOWER SQUARE CAPITAL PARTNERS IV, L.P.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">TOWER SQUARE CAPITAL PARTNERS IV-A, L.P.</div>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS EUROPEAN LOAN LIMITED</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL HIGH YIELD CREDIT STRATEGIES LIMITED</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS DIRECT LENDING 2018 LP</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL INVESTMENT FUNDS PLC - GLOBAL PRIVATE LOAN STRATEGY FUND 1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS SS4 (LUX) LLC</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS &#8211; MM REVOLVER FUND LP</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">MASSMUTUAL ASCEND LIFE INSURANCE COMPANY</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">MASSMUTUAL TRAD PRIVATE EQUITY LLC</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL MULTI-CREDIT STRATEGY 3 LIMITED</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL MULTI-CREDIT STRATEGY 4 LIMITED</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS NORTH AMERICAN PRIVATE LOAN FUND II (CAYMAN)-A, LP</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS NORTH AMERICAN PRIVATE LOAN FUND II (CAYMAN), L.P.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS NORTH AMERICAN PRIVATE LOAN FUND II (UNLEVERED), L.P.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">NAPLF (CAYMAN)-A SENIOR FUNDING II LLC</div>
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          <tr>
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            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">NAPLF (CAYMAN) SENIOR FUNDING II LLC</div>
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          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">OTPP - BNAPLF II LP</div>
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          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">OTPP - BNAPLF II FUNDING LP</div>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL SPECIAL SITUATIONS CREDIT FUND 4 (DELAWARE), L.P.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS EUROPEAN LOAN STRATEGY 1 LIMITED</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS MIDDLE MARKET LOAN PARTNERS 1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS MIDDLE MARKET LOAN PARTNERS 2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL SPECIAL SITUATIONS CREDIT 4 (DE) S.&#192; R.L.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 6%; vertical-align: top; padding-bottom: 2px;">
              <div>By:</div>
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            <td style="width: 44.4%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>/s/ Jill Dinerman</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div>Name:</div>
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            <td style="width: 44.4%; vertical-align: top;">
              <div>Jill Dinerman</div>
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          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div>Title:</div>
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            <td style="width: 44.4%; vertical-align: top;">
              <div>Chief Legal Officer</div>
            </td>
          </tr>

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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL CREDIT FUND (LUX) &#8211; SEGREGATED LOAN ACCOUNT 5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS SEGREGATED LOANS 5 S.&#192; R.L.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
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            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
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          <tr>
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            <td style="width: 50%; vertical-align: top;">
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          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL CREDIT FUND (LUX) &#8211; BARINGS EUROPEAN PRIVATE LOAN FUND III</div>
            </td>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
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            </td>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL CREDIT FUND (LUX) &#8211; BARINGS GLOBAL PRIVATE LOAN FUND 2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL PRIVATE LOANS 2 S.&#192; R.L.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL CREDIT FUND (LUX) &#8211; BARINGS GLOBAL PRIVATE LOAN FUND 3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL PRIVATE LOANS 3 S.&#192; R.L.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL PRIVATE LOAN FUND 4 SCSP</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL PRIVATE LOANS 4 S.&#192; R.L.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;">BARINGS GLOBAL PRIVATE LOAN FUND 4(S) SCSP</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 44.4%; vertical-align: top;">&#160;</td>
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            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 44.4%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 44.4%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 44.4%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;">By:</div>
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            <td style="width: 44.4%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;">/s/ Elizabeth Murray</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;">Name:</div>
            </td>
            <td style="width: 44.4%; vertical-align: top;">
              <div style="text-align: justify;">Elizabeth Murray</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;">Title:</div>
            </td>
            <td style="width: 44.4%; vertical-align: top;">
              <div style="text-align: justify;">Director</div>
            </td>
          </tr>

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      <div style="text-align: center; color: #000000; font-weight: bold;"><u>EXHIBIT A</u></div>
      <div>&#160;</div>
      <div style="text-align: justify; font-weight: bold;"><u>Barings Global Short Duration High Yield Fund</u></div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">WHEREAS</font>, the Board deems it is advisable and in the best interest of the Fund to file with the U.S. Securities and Exchange Commission (the &#8220;Commission&#8221;) an application for an
        order pursuant to Sections 17(d) and 57(i) of the Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;), and Rule 17d-l promulgated thereunder (the &#8220;Application&#8221;), to authorize the entering into of certain joint transactions that otherwise
        may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated thereunder.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">NOW, THEREFORE, BE IT RESOLVED</font>, that the officers of Barings LLC and the Fund be, and each of them hereby is, authorized and directed on behalf of the Fund and in its name and
        on behalf of the Fund, to prepare, execute, and cause to be filed with the Commission the Application, substantially in the form attached hereto as Exhibit A, and any amendments thereto, pursuant to Sections 17(d) and 57(i) of the 1940 Act, and
        Rule 17d-1 promulgated under the 1940 Act, authorizing certain joint transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated under the 1940 Act; and it is further</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">RESOLVED</font>, that the officers of the Fund be, and each of them hereby is, authorized and directed to take such further action and execute such other documents as such officer or
        officers shall deem necessary or advisable in order to effectuate the intent of the foregoing resolution; and it is further</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">RESOLVED</font>, that any and all actions previously taken by the Fund or any of its trustees or officers in connection with the actions contemplated by the foregoing resolutions be,
        and each of them hereby is, ratified, confirmed, approved and adopted in all respects as and for the acts and deeds of the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-weight: bold;"><u>Barings Dynamic Credit Income Fund</u></div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">WHEREAS</font>, the sole initial trustee of the Fund deems it is advisable and in the best interest of the Fund to file with the U.S. Securities and Exchange Commission (the
        &#8220;Commission&#8221;) an application for an order pursuant to Sections 17(d) and 57(i) of the Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;), and Rule 17d-l promulgated thereunder (the &#8220;Application&#8221;), to authorize the entering into of certain
        joint transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated thereunder.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">NOW, THEREFORE, BE IT RESOLVED</font>, that the officers of Barings LLC and the Fund be, and each of them hereby is, authorized and directed on behalf of the Fund and in its name and
        on behalf of the Fund, to prepare, execute, and cause to be filed with the Commission the Application, substantially in the form attached hereto as Exhibit A, and any amendments thereto, pursuant to Sections 17(d) and 57(i) of the 1940 Act, and
        Rule 17d-1 promulgated under the 1940 Act, authorizing certain joint transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated under the 1940 Act; and it is further</div>
      <div>&#160;</div>
      <div style="text-align: justify;">RESOLVED, that the officers of the Fund be, and each of them hereby is, authorized and directed to take such further action and execute such other documents as such officer or officers shall deem necessary or
        advisable in order to effectuate the intent of the foregoing resolution; and it is further</div>
      <div>&#160;</div>
      <div style="text-align: justify;">RESOLVED, that any and all actions previously taken by the Fund or any of its trustees or officers in connection with the actions contemplated by the foregoing resolutions be, and each of them hereby is, ratified,
        confirmed, approved and adopted in all respects as and for the acts and deeds of the Fund.</div>
      <div>&#160;</div>
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      </div>
      <div style="text-align: justify; font-weight: bold;"><u>Barings BDC, Inc.</u></div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">WHEREAS</font>, the Company&#8217;s Board deems it is advisable and in the best interest of the Company to file with the U.S. Securities and Exchange Commission (the &#8220;Commission&#8221;) an
        application for an order pursuant to Sections 17(d) and 57(i) of the Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;), and Rule 17d-l promulgated thereunder (the &#8220;Application&#8221;), to authorize the entering into of certain joint
        transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated thereunder.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">NOW, THEREFORE, BE IT RESOLVED</font>, that the officers of Barings LLC and the Company be, and each of them hereby is, authorized and directed on behalf of the Company and in its
        name and on behalf of the Company, to prepare, execute, and cause to be filed with the Commission the Application, substantially in the form attached hereto as Exhibit A, and any amendments thereto, pursuant to Sections 17(d) and 57(i) of the 1940
        Act, and Rule 17d-1 promulgated under the 1940 Act, authorizing certain joint transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated under the 1940 Act; and it is further</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">RESOLVED</font>, that the officers of the Company be, and each of them hereby is, authorized and directed to take such further action and execute such other documents as such officer
        or officers shall deem necessary or advisable in order to effectuate the intent of the foregoing resolution; and it is further</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">RESOLVED</font>, that any and all actions previously taken by the Company or any of its directors or officers in connection with the actions contemplated by the foregoing resolutions
        be, and each of them hereby is, ratified, confirmed, approved and adopted in all respects as and for the acts and deeds of the Company.</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-weight: bold;"><u>Barings Private Credit Corporation</u></div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">WHEREAS</font>, the Company&#8217;s Board deems it is advisable and in the best interest of the Company to file with the U.S. Securities and Exchange Commission (the &#8220;Commission&#8221;) an
        application for an order pursuant to Sections 17(d) and 57(i) of the Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;), and Rule 17d-l promulgated thereunder (the &#8220;Application&#8221;), to authorize the entering into of certain joint
        transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated thereunder.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">NOW, THEREFORE, BE IT RESOLVED</font>, that the officers of Barings LLC and the Company be, and each of them hereby is, authorized and directed on behalf of the Company and in its
        name and on behalf of the Company, to prepare, execute, and cause to be filed with the Commission the Application, substantially in the form attached hereto as Exhibit A, and any amendments thereto, pursuant to Sections 17(d) and 57(i) of the 1940
        Act, and Rule 17d-1 promulgated under the 1940 Act, authorizing certain joint transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated under the 1940 Act; and it is further</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">RESOLVED</font>, that the officers of the Company be, and each of them hereby is, authorized and directed to take such further action and execute such other documents as such officer
        or officers shall deem necessary or advisable in order to effectuate the intent of the foregoing resolution; and it is further</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">RESOLVED</font>, that any and all actions previously taken by the Company or any of its directors or officers in connection with the actions contemplated by the foregoing resolutions
        be, and each of them hereby is, ratified, confirmed, approved and adopted in all respects as and for the acts and deeds of the Company.</div>
      <div>&#160;</div>
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      <div style="text-align: justify; font-weight: bold;"><u>Barings Capital Investment Corporation</u></div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">WHEREAS</font>, the Company&#8217;s Board deems it is advisable and in the best interest of the Company to file with the U.S. Securities and Exchange Commission (the &#8220;Commission&#8221;) an
        application for an order pursuant to Sections 17(d) and 57(i) of the Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;), and Rule 17d-l promulgated thereunder (the &#8220;Application&#8221;), to authorize the entering into of certain joint
        transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated thereunder.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">NOW, THEREFORE, BE IT RESOLVED</font>, that the officers of Barings LLC and the Company be, and each of them hereby is, authorized and directed on behalf of the Company and in its
        name and on behalf of the Company, to prepare, execute, and cause to be filed with the Commission the Application, substantially in the form attached hereto as Exhibit A, and any amendments thereto, pursuant to Sections 17(d) and 57(i) of the 1940
        Act, and Rule 17d-1 promulgated under the 1940 Act, authorizing certain joint transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated under the 1940 Act; and it is further</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">RESOLVED</font>, that the officers of the Company be, and each of them hereby is, authorized and directed to take such further action and execute such other documents as such officer
        or officers shall deem necessary or advisable in order to effectuate the intent of the foregoing resolution; and it is further</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">RESOLVED</font>, that any and all actions previously taken by the Company or any of its directors or officers in connection with the actions contemplated by the foregoing resolutions
        be, and each of them hereby is, ratified, confirmed, approved and adopted in all respects as and for the acts and deeds of the Company.</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-weight: bold;"><u>Resolutions of the Board of Trustees of Barings Corporate Investors and Barings Participation Investors</u></div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">WHEREAS</font>, the Board deems it is advisable and in the best interest of the Trust to file with the U.S. Securities and Exchange Commission (the &#8220;Commission&#8221;) an application for an
        order pursuant to Sections 17(d) and 57(i) of the Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;), and Rule 17d-l promulgated thereunder (the &#8220;Application&#8221;), to authorize the entering into of certain joint transactions that otherwise
        may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated thereunder.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">NOW, THEREFORE, BE IT RESOLVED</font>, that the officers of Barings LLC and the Trust be, and each of them hereby is, authorized and directed on behalf of the Trust and in <font style="color: #000000;">its name and on behalf of the Trust, to prepare, execute, and cause to be filed with the Commission the Application, substantially in the form attached hereto as Exhibit A, and any amendments thereto, pursuant to Sections
          17(d) and 57(i) of the 1940 Act, and Rule 17d-1 promulgated under the 1940 Act, authorizing certain joint transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated under the 1940 Act;
          and it is further</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;"><font style="font-weight: bold;">RESOLVED</font>, that the officers of the Trust be, and each of them hereby is, authorized and directed to take such further action and execute such other documents as
        such officer or officers shall deem necessary or advisable in order to effectuate the intent of the foregoing resolution; and it is further</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;"><font style="font-weight: bold;">RESOLVED</font>, that any and all actions previously taken by the Trust or any of its trustees or officers in connection with the actions contemplated by the foregoing
        resolutions be, and each of them hereby is, ratified, confirmed, approved and adopted in all respects as and for the acts and deeds of the Trust.</div>
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