<SEC-DOCUMENT>0001225208-23-005991.txt : 20230517
<SEC-HEADER>0001225208-23-005991.hdr.sgml : 20230517
<ACCEPTANCE-DATETIME>20230517153239
ACCESSION NUMBER:		0001225208-23-005991
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20220519
FILED AS OF DATE:		20230517
DATE AS OF CHANGE:		20230517

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MIHALICK DAVID
		CENTRAL INDEX KEY:			0001834615

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05531
		FILM NUMBER:		23931423

	MAIL ADDRESS:	
		STREET 1:		BARINGS LLC
		STREET 2:		300 SOUTH TRYON ST., STE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARINGS PARTICIPATION INVESTORS
		CENTRAL INDEX KEY:			0000831655
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				043025730
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	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>3
<SEQUENCE>1
<FILENAME>doc3.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2022-05-19</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000831655</issuerCik>
        <issuerName>BARINGS PARTICIPATION INVESTORS</issuerName>
        <issuerTradingSymbol>MPV</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001834615</rptOwnerCik>
            <rptOwnerName>MIHALICK DAVID</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O BARINGS LLC</rptOwnerStreet1>
            <rptOwnerStreet2>300 SOUTH TRYON STREET, SUITE 2500</rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTE</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>28202</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOther>1</isOther>
            <otherText>Trustees</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes></footnotes>

    <remarks>mihalickpoapi.txt</remarks>

    <ownerSignature>
        <signatureName>Latavea Cross as attorney-in-fact</signatureName>
        <signatureDate>2023-05-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>mihalickpoapi.txt
<TEXT>

Securities and Exchange Commission (SEC) Forms 3, Form 4 and Form 5 and
Application for
EDGAR Access (Form ID) Confirmation f Authority to Sign

With respect to any closed end investment company or business development
company for which
Barings, LLC or any of its subsidiaries, now or hereafter serves as investment
adviser, and for which
the undersigned is deemed to be an Insider under Section 16(a) of the Securities
  Exchange Act of
1934, the undersigned, hereby appoints and designates Bridget Orlando, Jessica
Restivo, Latavea
Cross, Melissa Cliver, and Melissa LaGrant each as a true and lawful
attorney-in-fact with full power
to:
(1)	Prepare, and execute in the undersigned's name and on the undersigned's
behalf, the Form ID
application or any other documents necessary or appropriate to obtain EDGAR
access codes
enabling the undersigned to make electronic filings with the SEC of reports
required by Section
16(a) of the Securities Exchange Act of 1934 or any rule or regulation of the
SEC.

(2)	Sign on the undersigned behalf and file with the Securities and Exchange
Commission and New
York Stock Exchange, any applicable Form 3 - Initial Statement of Beneficial
Ownership of
Securities, Form 4 - Statement of Changes in Beneficial Ownership or Form 5 -
Annual
Statement of Beneficial Ownership of Securities with respect to shares purchased
  or sold by the
undersigned or any other change of beneficial ownership required to be reported
by the
undersigned.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required
to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and
transactions in any
securities issued by a closed end investment company or business development
company for which
Barings LLC or subsidiary serves as investment adviser, unless revoked by the
undersigned in
writing and delivered to the attorneys-in-fact.  Notwithstanding the foregoing,
if any such attorney-in-
fact hereafter ceases to be an employee of Barings LLC, this Power of Attorney
shall be
automatically revoked solely as to such individual, immediately upon such
cessation, without any
further action on the part of the undersigned.

Signature:        _____________________________________________________________

Name: 	 David Mihalick
Title:     Trustee, Barings Participation Investors
Date: 	May 19, 202







</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
