Key Takeaways
- • Barings served as administrative agent of senior secured credit facilities supporting Hg Capital's acquisition of Rightsline, according to a Business Wire announcement.
- • Barings describes itself as a $481 billion global alternative asset manager as of March 31, 2026, and is a subsidiary of MassMutual with a minority investment from MS&AD.
- • Rightsline is a rights and royalties management software provider with more than 300 enterprise customers, headquartered in Los Angeles and founded in 2012.
- • Hg, with over $110 billion in assets under management as of May 27, 2026, is positioning itself as an AI-focused private equity investor in technology and services businesses.
- • Both firms characterized the process as fast and seamless, with Barings citing its software sector experience and stated intent to support Hg's future acquisitions.
Summary
Barings, the alternative investment manager, announced that it acted as administrative agent on senior secured credit facilities that financed Hg Capital's acquisition of Rightsline. The announcement was distributed via Business Wire. The terms of the facilities, including their size, were not disclosed in the release.
Rightsline is a provider of rights and royalties management software for intellectual property-intensive industries. According to the company's description, it serves more than 300 enterprise customers across media and entertainment, publishing, consumer products, life sciences, technology, gaming, music and franchising. The platform processes more than $40 billion of royalties annually and manages over 150 million IP assets across 28 countries. Rightsline was founded in 2012 and is headquartered in Los Angeles, with operations in New York, Boston, Toronto, London and India.
Will Zvara, Managing Director in Barings' North America Direct Lending Group, said the firm was excited to partner with Hg on the transaction and looked forward to providing further financing solutions for future Hg acquisitions. Farouk Hussein, Partner at Hg, praised Barings' ability to move quickly and speak with conviction, adding that Barings' software sector experience enabled a seamless execution.
Barings reported $481 billion in assets as of March 31, 2026, and describes itself as a global alternative asset manager serving institutional, insurance and wealth clients across credit, real assets and capital solutions. Hg describes itself as an investor in European and transatlantic technology and services businesses, with over $110 billion in assets under management (including undrawn commitments), around 60 portfolio companies worth over $190 billion in aggregate enterprise value, and more than 400 employees, according to figures as of May 27, 2026 that are unaudited.
Rightsline is a provider of rights and royalties management software for intellectual property-intensive industries. According to the company's description, it serves more than 300 enterprise customers across media and entertainment, publishing, consumer products, life sciences, technology, gaming, music and franchising. The platform processes more than $40 billion of royalties annually and manages over 150 million IP assets across 28 countries. Rightsline was founded in 2012 and is headquartered in Los Angeles, with operations in New York, Boston, Toronto, London and India.
Will Zvara, Managing Director in Barings' North America Direct Lending Group, said the firm was excited to partner with Hg on the transaction and looked forward to providing further financing solutions for future Hg acquisitions. Farouk Hussein, Partner at Hg, praised Barings' ability to move quickly and speak with conviction, adding that Barings' software sector experience enabled a seamless execution.
Barings reported $481 billion in assets as of March 31, 2026, and describes itself as a global alternative asset manager serving institutional, insurance and wealth clients across credit, real assets and capital solutions. Hg describes itself as an investor in European and transatlantic technology and services businesses, with over $110 billion in assets under management (including undrawn commitments), around 60 portfolio companies worth over $190 billion in aggregate enterprise value, and more than 400 employees, according to figures as of May 27, 2026 that are unaudited.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.