Mastermind Behind Barings Raid Targets $36 Billion at Rival Fund

Paul Weightman has set an ambitious target for the investment team he poached from Barings LLC earlier this year: raise more money than his now-archrival ever managed in direct-lending — in half of the time.

It took 12 years for the team to build a $36 billion direct-lending unit when they were at Barings, the Australian founder of upstart private credit firm Corinthia Global Management said in an interview with Bloomberg News.

“Our target is over that amount in half the time,” Weightman said.

Paul Weightman

Source: Corinthia Global Management

The rivalry between the two firms began after Weightman, with the backing of Nomura Holdings ...