<SEC-DOCUMENT>0001628280-23-030854-index.html : 20230829
<SEC-HEADER>0001628280-23-030854.hdr.sgml : 20230829
<ACCEPTANCE-DATETIME>20230829133708
ACCESSION NUMBER:		0001628280-23-030854
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		9
CONFORMED PERIOD OF REPORT:	20230630
FILED AS OF DATE:		20230829
DATE AS OF CHANGE:		20230829
EFFECTIVENESS DATE:		20230829

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:		231220673

	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>baringsparticipationinvest.htm
<DESCRIPTION>N-CSR
<TEXT>
Document 1 - file: baringsparticipationinvest.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>chart-4dcbdd3c9e0043cca4ba.jpg
<TEXT>
Document 2 - file: chart-4dcbdd3c9e0043cca4ba.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>chart-6f201b1f98394113bd2a.jpg
<TEXT>
Document 3 - file: chart-6f201b1f98394113bd2a.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>chart-b66fdb54bab5406581da.jpg
<TEXT>
Document 4 - file: chart-b66fdb54bab5406581da.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>image_001a.jpg
<TEXT>
Document 5 - file: image_001a.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>image_0021a.gif
<TEXT>
Document 6 - file: image_0021a.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>image_002a.jpg
<TEXT>
Document 7 - file: image_002a.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>image_003a.gif
<TEXT>
Document 8 - file: image_003a.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>image_6a.jpg
<TEXT>
Document 9 - file: image_6a.jpg

</DOCUMENT>
</SEC-DOCUMENT>