<SEC-DOCUMENT>0001072613-21-000305-index.html : 20210311
<SEC-HEADER>0001072613-21-000305.hdr.sgml : 20210311
<ACCEPTANCE-DATETIME>20210311155931
ACCESSION NUMBER:		0001072613-21-000305
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		12
CONFORMED PERIOD OF REPORT:	20201231
FILED AS OF DATE:		20210311
DATE AS OF CHANGE:		20210311
EFFECTIVENESS DATE:		20210311

FILER:

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

	FILING VALUES:
		FORM TYPE:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05531
		FILM NUMBER:		21733193

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>part-ncsr_18473.htm
<TEXT>
Document 1 - file: part-ncsr_18473.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image_002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 2 - file: image_002.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image_009.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 3 - file: image_009.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>image_010.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 4 - file: image_010.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>image_011.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 5 - file: image_011.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>image_012.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 6 - file: image_012.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>image_013.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 7 - file: image_013.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 8 - file: image_001.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>image_003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 9 - file: image_003.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.31.1
<SEQUENCE>10
<FILENAME>exh99-311_18473.htm
<DESCRIPTION>PRINCIPAL EXECUTIVE OFFICER CERTIFICATION
<TEXT>
Document 10 - file: exh99-311_18473.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.31.2
<SEQUENCE>11
<FILENAME>exh99-312_18473.htm
<DESCRIPTION>PRINCIPAL FINANCIAL OFFICER CERTIFICATION
<TEXT>
Document 11 - file: exh99-312_18473.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.32
<SEQUENCE>12
<FILENAME>exh99-32_18473.htm
<DESCRIPTION>CERTIFICATIONS PURSUANT TO RULE 30A-2(B) UNDER THE ACT
<TEXT>
Document 12 - file: exh99-32_18473.htm

</DOCUMENT>
</SEC-DOCUMENT>