Barings, one of the world’s leading alternative asset managers, announced today that it served as lead agent of senior secured credit facilities to support The Edgewater Funds’ (“Edgewater”) acquisition of Parker Manufacturing Group (“Parker”).
Parker is a leading manufacturer of highly engineered precision fasteners serving the aerospace & defense, semiconductor capital equipment, and general industrial end markets. The investment advances Edgewater’s strategy of building a leading manufacturer and value-added provider of highly engineered fastening solutions.
“Edgewater has a long history of partnering with management teams to strengthen and expand aerospace & defense businesses, and we believe Parker is well positioned to benefit from their operational expertise and strategic support,” said Jeff Rabaut, Managing Director in Barings’ North America Direct Lending Group. “We are pleased to provide this financing and to support Parker’s continued growth.”
Jason Kopelman, Principal at The Edgewater Funds, said, “Barings was able to get up to speed quickly and was a strong partner throughout the process. Their responsiveness, flexibility, and ability to move efficiently were important to us, and we appreciated their support and commitment throughout the process.”
About Barings
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 with a minority investment from 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 June 30, 2026
About The Edgewater Funds
The Edgewater Funds is a Chicago-based private equity firm with over $4 billion of capital commitments raised since 2001. Edgewater partners with entrepreneurs and management teams to help accelerate growth in their businesses. For more information, visit www.edgewaterfunds.com.
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