About Barings Asset-Based Finance Australia

Barings Asset-Based Finance (ABF) Australia, formerly Gryphon Capital Investments, is a leading participant in the domestic securitisation market, investing across the capital structure from AAA to below investment grade. 

About Barings Asset-Based Finance Australia

Barings Asset-Based Finance (ABF) Australia, formerly Gryphon Capital Investments, is a leading participant in the domestic securitisation market, investing across the capital structure from AAA to below investment grade. 

Barings ABF Australia is active across public term transactions, private warehouse facilities and whole loan investments, demonstrating longstanding market presence, deep sector expertise and a disciplined, active approach to portfolio construction and risk management.

Barings ABF Australia is led by highly experienced portfolio managers with deep expertise across global ABF markets, encompassing trading, origination and investing.

The team is supported by Barings Global ABF team which invests across the capital structure in both securities and whole loans, and in asset classes including residential, consumer and commercial asset-backed credits in Asia Pacific, Europe, and the U.S.

Barings is a $502+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets.

*As of 30 June 2026

Our Values & Culture

The Values that matter most to us are also the values we practice every day and the reason why our investors trust us.

Client focus

Client focus

your needs come first
Excellence

Excellence

in everything we do
Accountability

Accountability

to our clients
Fair

Fair

we aspire to treat everyone with dignity and fairness
Integrity

Integrity

we pride ourselves on honesty and uncompromising values

Our History

Gryphon was acquired by Barings in 2023 and now forms part of the Barings’ Global ABF team. The business was established in 2014 as an independent specialist asset manager focused on asset based financing, following the team’s spin‑out from their former employer.

From inception, the firm was designed to be a leading investor in its asset class, underpinned by a philosophy centred on extensive data analysis to drive investment decisions and deliver transparency to investors. The business has made significant and sustained investment in proprietary data systems and data collection processes, ensuring it possesses and actively utilises a depth of data that exceeds that of competitors and counterparties. This capability is considered central to successful investing in asset based finance and to identifying opportunities with genuinely strong capital preservation characteristics. In parallel, the firm has continued to expand its research and development team to further strengthen and protect its data capabilities.

Growth in Assets Under Management has reflected the evolution of the investor base, expanding from insurance company mandates to include both the listed investment trust GCI and the unlisted high‑grade fund BLIS. While each of our strategies are structured to meet specific investor or client objectives, all are underpinned by a consistent focus on delivering sustainable income with a strong focus on capital preservation - an approach embedded within the firm’s investment philosophy and investment processes.

Gryphon Capital Investiments in 2014

2014

Gryphon is established to form an independent asset management firm focused on fixed income credit markets.

Gryphon Capital Investiments in 2015

2015

Gryphon launches institutional Secured Opportunities Strategy with a $200m commitment.

Gryphon Capital Investiments in 2016

2016

Insurance client contracts direct to Gryphon to manage its High Grade Strategy.

2016

Gryphon launches institutional Investment Grade strategy.

Gryphon Capital Investiments in 2018

2018

Gryphon Capital Income Trust raises $175m and successfully lists on the ASX

Gryphon Capital Investiments in 2019

2019

Gryphon Capital Income Trust completes an Entitlement Offer and Placement in August, successfully raising $122m.

2019

Gryphon Capital Income Trust completes a second Entitlement Offer in December, successfully raising $103m.

Gryphon Capital Investiments in 2020

2020

Gryphon launches new High Grade Strategy with a $120m investment.

Gryphon Capital Investiments in 2020

2020

Gryphon is admitted as a signatory to the United Nations-backed Principles for Responsible Investment (PRI).

2021

Gryphon Capital Income Trust (ASX: GCI) completes a capital placement to wholesale investors in September and a Unit Purchase Plan in October successfully raising $74m.

Gryphon Capital Investiments in 2021

2021

Gryphon launches new Unlisted Strategy with a $50m cornerstone investment.

Gryphon Capital Investiments in 2023

2023

Barings, with over US$347 billion in assets under management, acquires 100% of Gryphon Capital Investments Pty Limited. Gryphon continues as ‘business as usual’.

2024

Gryphon Capital Income Trust completes a successful Entitlement Offer and Placement in March, raising $135m.

Gryphon Capital Investiments in 2024

2024

Gryphon Capital Income Trust completes a successful Placement in June, raising $49.8m.

Gryphon Capital Investiments in 2024

2024

Gryphon onboards a new institutional investor for its High Grade Strategy.

2024

Gryphon Capital Income Trust completes a successful Entitlement and Wholesale Offer, raising $168m.

Gryphon Capital Investiments in 2025

2025

Gryphon Capital Income Trust completes a successful Entitlement Offer in April, raising $210m.

2025

Gryphon Capital Income Trust completes successive successful capital raises; a Placement raising $75m in September and a UPP raising over $57m in November.

Gryphon Capital Investiments in 2026

2026

Gryphon Capital Income Trust completes a successful Placement in March, raising over $90m.

Gryphon Capital Investiments in 2026

2026

Gryphon onboards a new institutional investor for its High Grade RMBS Strategy.

Gryphon Capital Investiments in 2026

2026

In July, Gryphon Capital Investments rebrands as Barings Asset-Based Finance (ABF) Australia

Gryphon Capital Investiments in 2014

2014

Gryphon is established to form an independent asset management firm focused on fixed income credit markets.

Gryphon Capital Investiments in 2015

2015

Gryphon launches institutional Secured Opportunities Strategy with a $200m commitment.

Gryphon Capital Investiments in 2016

2016

Insurance client contracts direct to Gryphon to manage its High Grade Strategy.

2016

Gryphon launches institutional Investment Grade strategy.

Gryphon Capital Investiments in 2018

2018

Gryphon Capital Income Trust raises $175m and successfully lists on the ASX

Gryphon Capital Investiments in 2019

2019

Gryphon Capital Income Trust completes an Entitlement Offer and Placement in August, successfully raising $122m.

2019

Gryphon Capital Income Trust completes a second Entitlement Offer in December, successfully raising $103m.

Gryphon Capital Investiments in 2020

2020

Gryphon launches new High Grade Strategy with a $120m investment.

Gryphon Capital Investiments in 2020

2020

Gryphon is admitted as a signatory to the United Nations-backed Principles for Responsible Investment (PRI).

2021

Gryphon Capital Income Trust (ASX: GCI) completes a capital placement to wholesale investors in September and a Unit Purchase Plan in October successfully raising $74m.

Gryphon Capital Investiments in 2021

2021

Gryphon launches new Unlisted Strategy with a $50m cornerstone investment.

Gryphon Capital Investiments in 2023

2023

Barings, with over US$347 billion in assets under management, acquires 100% of Gryphon Capital Investments Pty Limited. Gryphon continues as ‘business as usual’.

2024

Gryphon Capital Income Trust completes a successful Entitlement Offer and Placement in March, raising $135m.

Gryphon Capital Investiments in 2024

2024

Gryphon Capital Income Trust completes a successful Placement in June, raising $49.8m.

Gryphon Capital Investiments in 2024

2024

Gryphon onboards a new institutional investor for its High Grade Strategy.

2024

Gryphon Capital Income Trust completes a successful Entitlement and Wholesale Offer, raising $168m.

Gryphon Capital Investiments in 2025

2025

Gryphon Capital Income Trust completes a successful Entitlement Offer in April, raising $210m.

2025

Gryphon Capital Income Trust completes successive successful capital raises; a Placement raising $75m in September and a UPP raising over $57m in November.

Gryphon Capital Investiments in 2026

2026

Gryphon Capital Income Trust completes a successful Placement in March, raising over $90m.

Gryphon Capital Investiments in 2026

2026

Gryphon onboards a new institutional investor for its High Grade RMBS Strategy.

Gryphon Capital Investiments in 2026

2026

In July, Gryphon Capital Investments rebrands as Barings Asset-Based Finance (ABF) Australia

Our Team

The core of Barings ABF Australia (formerly Gryphon Capital Investments) are the people and they laid the foundation which enables us to create the best opportunities and outcomes for our clients. The team's experience spans a diverse range of backgrounds and disciplines which collectively is an optimal blend of analytical and specialist ABS experience across structuring, issuing, trading and investing across different markets. The partners careers have spanned London, New York, Tokyo and Australia.

Managing Director, Global Asset Based Finance
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Managing Director, Global Asset Based Finance

Steve Fleming

Managing Director, Global Asset Based Finance
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Managing Director, Global Asset Based Finance

Ashley Burtenshaw

Managing Director, Global Asset Based Finance
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Managing Director, Global Asset Based Finance

Pete Robinson

Managing Director, Global Asset Based Finance
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Managing Director, Global Asset Based Finance

Michael Groom

Director, Global Asset Based Finance
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Director, Global Asset Based Finance

Christian Larney

Director, Global Asset Based Finance
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Director, Global Asset Based Finance

Luke Vecchi

Director, Global Asset Based Finance
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Director, Global Asset Based Finance

Anthony Cormack

Associate Director, Global Asset Based Finance
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Associate Director, Global Asset Based Finance

Emmanuel Tumini

Senior Director, Global Asset Based Finance
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Senior Director, Global Asset Based Finance

Piers de Putron

Senior Associate, Global Asset Based Finance
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Senior Associate, Global Asset Based Finance

Thomas Biggs

Associate Director, Global Asset Based Finance
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Associate Director, Global Asset Based Finance

Jeff Wu

Associate Director, Global Asset Based Finance
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Associate Director, Global Asset Based Finance

Kurt Schulz

Associate, Global Asset Based Finance
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Associate, Global Asset Based Finance

Declan Henry

Associate, Global Asset Based Finance
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Associate, Global Asset Based Finance

Arman Dargahi

Who We Are

Barings is a $502 billion* global alternative asset manager that partners with institutional, insurance, and wealth clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual and MS&AD, seeks to deliver excess returns by leveraging its global scale and capabilities across credit, real assets, capital solutions and emerging markets

*As of 30 June 2026

Contact Us

The opinions and other information contained herein, whether express or implied are made in good faith in relation to the facts known at the time of preparation and are subject to change without notice. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. All monetary figures are in USD unless otherwise specified.

This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. This information is general in nature and does not take into account your objectives, financial situation or needs. You should consider the Product Disclosure Statement before making any investment decision. Additionally, the strategies and funds may not be available to all investor types in all jurisdictions. In some jurisdictions this website may contain advertising.

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