Stone Point-backed Meridian Capital Group to acquire Barings Multifamily Capital from Barings.

Stone Point-backed Meridian Capital Group, a commercial real estate finance, investment sales and retail leasing advisor, agreed to acquire Barings Multifamily Capital, including its licenses to participate in various lending programs, from Barings, a global investment manager. Financial terms were not disclosed. "We are thrilled to be embarking on this new chapter. Our partnership with Barings will enable us to join forces with one of the world's leading asset managers and reintroduce Meridian to the direct agency lending arena. The addition of David Brickman to our executive team will mean that we are working alongside one of the most prominent multifamily experts in the country. David did not just preside over a remarkable period of expansion at Freddie Mac; he did so through the type of innovation, creativity and ingenuity that are critical to thriving in today's marketplace," Ralph Herzka, Meridian Capital Group Chairman and CEO.